How to Develop a Profitable Trading Strategy: Why You Should Do the Opposite of What the Majority of Traders are Trying to Do Heikin Ashi Trader Autho

How to Develop a Profitable Trading StrategyWhy You Should Do the Opposite of What the Majority of Traders are Trying to DoTraders become active in the stock market for no other reason than to collect points, ticks and pips. As much as possible ... Read more

How to Develop a Profitable Trading StrategyWhy You Should Do the Opposite of What the Majority of Traders are Trying to DoTraders become active in the stock market for no other reason than to collect points, ticks and pips. As much as possible and as fast as possible. Everything else is pastime and useless analysis. Traders therefore need a method, a system that does exactly that: accumulating small profits permanently, which eventually adds up to a considerable plus in the account. For this to happen, the author takes the classic recommendation cut your losses and let your profits run under the magnifying glass. In this book, he does the opposite of this well-meaning advice: keep profits as small as possible and choose losses as great as possible.In the second part of the book, he is investigating a strategy that works with this premise. And the historical backtesting gives him right. When traders do the opposite of what the crowd is trying to do, they finally have success!Table of ContentsPart 1: Do the Opposite of What the Crowd of Traders is Trying to Do!1. What Traders Can Learn from Automatic Trading Systems2. Do the Opposite of What is in the Trading Books     Assertion 1: Cut your Losses and Let your Profits Run     Assertion 2: Try to Achieve a Good Risk Reward Ratio     Assertion 3: You only Need a Hit Rate of 33.33%3. Aim for a High Hit Rate4. Why Trading Strategies with Good RRRs Are Usually Unsuccessful5. Praise of the Take Profit Order6. Praise of the Automatic EntryPart 2: Trading Strategies with a Small Price Target and a Wide StopTest 1: German Bund Future, Crossing Moving Average StrategyTest 2: E-Mini, Crossing Moving Average Strategy 1Test 3: E-Mini, Crossing Moving Average Strategy 2ConclusionGlossaryMore Books by Heikin Ashi TraderAbout the AuthorAbout the AuthorHeikin Ashi Trader is the pen name of a trader who has more than 17 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money- and risk management.   Less