Position Trading (Third Edition): Buy Like a Trader and Hold Like an Investor
Author | : Tony Loton |
Publisher | : Anchor Books |
Total Pages | : 210 |
Release | : 2013 |
ISBN-10 | : 0955989361 |
ISBN-13 | : 9780955989360 |
Rating | : 4/5 (61 Downloads) |
Book excerpt: You have no doubt heard the phrase 'a long-term investment is a short-term trade gone bad', meaning that when a stock falls in price soon after purchase we tend to hold on 'for the long term' in the hope of a recovery. This book turns that phrase on its head by presenting the position trader's mantra: 'a long-term investment is a short-term trade gone well'. You will learn how to pick the right stocks at the right time; but not until you have mastered the essential arts of: * using diversification to spread your risk. * cutting losses and securing profits with stop orders. * not staking too much too soon thanks to effective position sizing. * pyramiding more money into your winning positions. * leveraging your investments for greater gains. In a nutshell you will learn how to... 'BUY like a Trader and HOLD like an Investor' WARNING: This strategy could seriously damage your wealth...or make you rich! Associated website at www.betterspreadbetting.com