Rent and Save a ton on Trend Trading for a Living

360 Pages·2016·6.93 MB·English

by  Carr, Thomas K.

Trend Trading
for a Living
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Trend Trading
for a Living
Learn the Skills and Gain the
Confidence to Trade for a Living
Dr. Thomas K. Carr
New York Chicago San Francisco Lisbon London
Madrid Mexico City Milan New Delhi
San Juan Seoul Singapore
Sydney Toronto
Copyright © 2008 by Thomas K. Carr. All rights reserved. Manufactured in the United
States of America. Except as permitted under the United States Copyright Act of 1976,
no part of this publication may be reproduced or distributed in any form or by any means,
or stored in a database or retrieval system, without the prior written permission of the
publisher.
0-07-154420-8
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This book is dedicated to:
. . . my father, who is a much better pastor than investor,
but is supportive of my work nonetheless;
. . . my late mother, who always encouraged her sons to
follow their dreams;
. . . my lovely wife, Ina, for looking after our toddler without
complaint while I wrote (and for directing me back to the
computer when I wasn’t writing!);
. . . and my two lovely daughters, Natasha and Nadia,
who are my best investments; the risks may be great,
but the return on equity is priceless!
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contents
FOREWORD BY ALAN FARLEY xi
ACKNOWLEDGMENTS xv
INTRODUCTION
From Passion to Profession 1
PART ONE
Preliminaries
CHAPTER 1
What You Need to Get Started 29
CHAPTER 2
Becoming a Chart Reader 39
CHAPTER 3
Developing a Trader’s Mind 71
CHAPTER 4
The 10 Habits of Highly Successful
Traders 83
PART TWO
Trend-Trading Basics
CHAPTER 5
What Is Trend Trading? 93
vii
viii CONTENTS
CHAPTER 6
Setting Up Your Watch Lists 103
CHAPTER 7
Determining General Market Direction 113
CHAPTER 8
Put Your Market-Reading Skills
to the Test 133
PART THREE
Get Started in Trend Trading
CHAPTER 9
Selecting Bullish Stocks to Trend-Trade 155
CHAPTER 10
Selecting Bearish Stocks to Trend-Trade 191
CHAPTER 11
Entries and Exits 227
PART FOUR
Trend Trading with Options
CHAPTER 12
Options Basics 243
CHAPTER 13
Options Strategies: Bullish Trends 271
CHAPTER 14
Options Strategies: Bearish Trends 277
CHAPTER 15
Options Strategies: Neutral 283
CONTENTS ix
PART FIVE
Trading for a Living
CHAPTER 16
The Bigger Vision: Where Trend Trading
Can Take You 311
FINAL THOUGHTS 329
INDEX 333
ABOUT THE AUTHOR 341