Learn a powerful day trading strategy in less than 60 minutes.
A profitable trading strategy is the most important tool for a trader.
This book explains a powerful trend-following day trading strategy for trading futures, stocks, ETFs and Forex.
When trading with The Simple Strategy, there's no second-guessing. As you will see, the entry rules are based on indicators - and these rules are black and white. Either the MACD is above the zero line or it isn't. And either the RSI is above 70 or it isn't. The entries are easy to identify and execute. That's why this strategy is called The Simple Strategy.
When trading with The Simple Strategy you'll know when to exit even before you enter the trade. So, you know exactly how much to risk on any given trade which is essential for precise position sizing and money management. Plus, you can put the trade on auto-pilot once your entry order is filled. This keeps trade management to a minimum. It's easy and simple.
These days trends are short-lived. The times when you could enter the market in the morning and exit the market in the afternoon are over. These days the markets can turn on a dime. Low trading commissions and computerized trading have destroyed the nice, long intraday trends. However, with The Simple Strategy you can take advantage of the small intraday trends that we are seeing in today's markets.
©2013 Markus Heitkoetter (P)2016 Markus Heitkoetter
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"An interesting, straightforward listen."
I recommend this audiobook. The narration was sufficient but without any real flourishes or flavor, fine for this topic.
The content is very straightforward, providing step by step instructions. I have just finished, so have not tried it out for myself.
The basics are the same as many other strategies: consistency, discipline, money management & strict adherence to the rules.
"Sounds simple, but you'll need coffee"
you'll need coffee to stay awake while listening to the narrator on the audio book. I'm not convinced that this simple strategy will work. however, for beginners it maybe reasonable to try it.
Would give 5 stars, but PDF is missing. Contacted Audible to slolve it, cannot follow the examples without the data/graphs in pdf.
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