The Market Guys' Five Points for Trading Success: Identify, Pinpoint, Strike, Protect, and Act! - Hardcover

Swope, Rick; Monte, A. J.

Hardcover

ISBN 10: 0470138971 ISBN 13: 9780470138977

Publisher: Wiley, 2008

Synopsis

Praise for The Market Guys' Five Points for Trading Success

"E*TRADE is a strong advocate of investor education, understanding a knowledgeable investor is a successful investor. The Market Guys have been a key contributor to our worldwide educational efforts - delivering hundreds of seminars to our customers around the world. This book encapsulates their years of experience with traders and investors, and is a must-read for anyone serious about trading. The Market Guys' Five Points for Trading Success provides an easy-to-understand and disciplined approach to trading through risk management. I highly recommend it."
—Christopher Larkin, VP, U.S. Retail Brokerage, E*TRADE Securities (www.etrade.com)

"The stock market is full of risk and uncertainty, but can bring great rewards to those who plan and execute properly. Rick and AJ give you the navigational tools to profit in the market through this book. Easy to read and understand, this book will help the novice and expert alike reach their financial goals. I recommend The Market Guys to help you along your journey!"
—Astronaut Dr. Buzz Aldrin, Apollo 11, 1969

"The Market Guys' Five Points is much more than five points. Creating a plan, dealing with emotions, trading psychology, and technical analysis are just some of the topics explained."
—James Bittman, Senior Instructor, The Options Institute at CBOE, and author of Options for the Stock Investor

"Most people think trading markets is easy, but the process is fraught with pitfalls, snares, and delusions. This book is written by two savvy veteran traders. Applying the wisdom contained here will not guarantee success, but it will very definitely put the odds strongly in your favor."
—Martin J. Pring, President of pring.com

"This is a wonderful introduction to terminology and a fresh approach to the stock market. It gives the reader a language and way of thinking that is new, providing a great foundation for further research. These authors are to be commended for an excellent book on the stock market and how it works."
—James P. Gills, MD, Director/Chairman of the Board of the Ironman Triathlon

"The Market Guys have created the perfect recipe for financial success."
—Nick Nickolas, Restaurateur, Nick's Fishmarket of Hawaii, www.nicksboca.com

About this title

About the Author

AJ Monte is part of The Market Guys, Inc. team, which is the exclusive education provider for E*TRADE's five million accounts worldwide. He has more than twenty-five years' experience in the financial industry. Monte is the cohost of Wealth & Wisdom, a weekly financial show on WXEL PBS television in south Florida. He is also a Chartered Market Technician and member of the Market Technicians Association.

Rick Swope is also part of The Market Guys, Inc. team. His well-rounded business background has allowed him to create and develop premier consultant teams across America. Swope is the cohost of The Market Guys' podcast, which is consistently rated among the top on-demand business shows in the world on Apple iTunes. He is also the cohost of Wealth & Wisdom, a weekly financial show on WXEL PBS television in south Florida.

From the Back Cover

Over the course of their successful careers, AJ Monte and Rick Swope, also known as The Market Guys, have worked with hundreds of thousands of traders and investors all around the world. Long before they even considered creating a book, they were talking to traders in London, teaching options to students in Taipei, and helping investors protect their portfolios in Stockholm. During this time, they developed a Five Point strategy—identify the trend, pinpoint support, strike with the buyers, protect your position, and act for results—focusing on the issues that really matter when it comes to making money in today's markets. Now, with The Market Guys' Five Points for Trading Success, Monte and Swope look to share their hard-won insights with you.

Written in a straightforward and accessible style, The Market Guys' Five Points for Trading Success skillfully outlines this proven process and shows you how it can be used to build wealth and protect assets by:

• 1. Trading in the direction of the trend

• 2. Establishing a clear support level in order to determine when to exit a trade if the market moves against you

• 3. Making sure the pivot point is going up on the day you buy

• 4. Calculating your maximum loss as one percent of total account value

• 5. Entering a trade and then protecting it with a stop loss

Each step of the way, you'll be introduced to information that is essential to understanding and implementing The Market Guys' trading method. You'll discover the tools of technical analysis and some of the common mistakes that people make in the markets. You'll also become familiar with the specific strategies and techniques that will allow you to locate the best stocks, enter a trade, and manage risk. Monte and Swope even take the time to address the exciting world of options, and show you how they can be used in your trading endeavors.

Much more than a compilation of trading strategies, this reliable resource contains the accumulated experiences of real people in real-world trading situations. Filled with in-depth insights and practical advice, The Market Guys' Five Points for Trading Success will enable you to make more profitable decisions as you navigate today's dynamic markets.

From the Inside Flap

Praise for The Market Guys' Five Points for Trading Success

"E*TRADE is a strong advocate of investor education, understanding a knowledgeable investor is a successful investor. The Market Guys have been a key contributor to our worldwide educational efforts — delivering hundreds of seminars to our customers around the world. This book encapsulates their years of experience with traders and investors, and is a must-read for anyone serious about trading. The Market Guys' Five Points for Trading Success provides an easy-to-understand and disciplined approach to trading through risk management. I highly recommend it."

Christopher Larkin, VP, U.S. Retail Brokerage, E*TRADE Securities (www.etrade.com)

"The stock market is full of risk and uncertainty, but can bring great rewards to those who plan and execute properly. Rick and AJ give you the navigational tools to profit in the market through this book. Easy to read and understand, this book will help the novice and expert alike reach their financial goals. I recommend The Market Guys to help you along your journey!"

Astronaut Dr. Buzz Aldrin, Apollo 11, 1969

"The Market Guys' Five Points is much more than five points. Creating a plan, dealing with emotions, trading psychology, and technical analysis are just some of the topics explained."

James Bittman, Senior Instructor, The Options Institute at CBOE, and author of Options for the Stock Investor

"Most people think trading markets is easy, but the process is fraught with pitfalls, snares, and delusions. This book is written by two savvy veteran traders. Applying the wisdom contained here will not guarantee success, but it will very definitely put the odds strongly in your favor."

Martin J. Pring, President of pring.com

"This is a wonderful introduction to terminology and a fresh approach to the stock market. It gives the reader a language and way of thinking that is new, providing a great foundation for further research. These authors are to be commended for an excellent book on the stock market and how it works."

James P. Gills, MD, Director/Chairman of the Board of the Ironman Triathlon

"The Market Guys have created the perfect recipe for financial success."

Nick Nickolas, Restaurateur, Nick's Fishmarket of Hawaii, www.nicksboca.com

Edition details

• Publisher: Wiley
• Publication date: 2008
• Language: English
• ISBN 10: 0470138971
• ISBN 13: 9780470138977
• Binding: Hardcover
• Edition number: 1
• Number of pages: 336