Fly Fishing the Stock Market
How to Search for, Catch, and Net the Market's Best Trades
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Beschreibung
Tap into expert stock trader and passionate fly fisher Dr. Stephen Morris's dynamic trading system that rests on a sound structure of careful analysis and is anchored to a solid foundation.
Morris takes the fundamentals of trading giant Alexander Elder and combines them with his own unique approach to successful trading. Using fly fishing as a metaphor, Morris explores the process that underpins the seasonal matching strategies that are able to exploit any and all market conditions. Throughout the book, Morris illustrates the pyramid structure of success. From time to time, there will be a seesaw between spectacular gains and periods of drawdowns. When supported by a successful trading structure, consistency will win out. When there is consistency, the scales need to be tipped only slightly towards more gains than drawdowns to be successful over the long haul.
Fly Fishing the Stock Market is written for the experienced trader whose trades are already successfully launched from quality trade plans as well as the novice learning the mechanics of entries and exits. If you are looking for a guide that will help you trade with confidence, look no further.
Fly Fishing the Stock Market + Website puts an emphasis on practical application. To that end, this book provides readers with access to a companion website filled with supplementary materials-from Fly Fishing the Stock Market Reports and Instructional Videos to automated Catch and Release(tm) software-allowing you to continue to learn in a hands-on fashion long after closing the book.
How the strategies and tactics of fly fishing can translate to improved trading performance
Much like trading, successful fly fishing requires both an understanding of "big picture" conditions and the ability to implement tactical techniques to actually catch the fish. In Fly Fishing the Stock Market, Dr. Stephen Morris compares his method for trading stocks with his favorite past time, fly fishing--providing fresh insights into his successful trading approach. Engaging and accessible, this book skillfully describes how Morris applied this approach to generate an astounding 268% growth in his account in the volatile and confusing, post-financial crisis markets.
Morris explains how he uses technical indicators to determine what he calls the "market season" and how he then zeros in on individual stock patterns to make his trades. He also reveals unique tools, such as the Market Timing Monitor and Weather Station, which give him a sense of the market's long-term condition and provides the basis for his trading and risk management strategies.
* Filled with the authenticity of a real trader figuring out how to uncover profitable trading opportunities
* A companion Website contains supplementary material that allows you to learn in a hands-on fashion long after closing the book
* Provides a compelling portrait of how a successful trader thinks about markets, develops a method, and then implements the method in real time
* The author's spectacular returns are backed by publicly documented records
Just like fly fishing, traders must adjust their approach constantly because market conditions constantly change. This book will help you achieve this elusive goal, and capture consistent profits in the process.
Autor*in
Stephen Morris
Themen in »Fly Fishing the Stock Market«
Börsenhandel Finance & Investments Finanz- u. Anlagewesen Trading