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It's all in the book...

I'm often asked to list my favourite, most influential trading books. Over the last 26 years I've read a LOT of trading books, good and bad. So before we go any further let's think...what's in a trading book? Probably nothing unless you make it your own. For example, I have known Peter for 15 years. He's a doctor - a specialist actually, so he must be damn smart. He loves reading trading books. He has hundreds of them. Whenever a new trading book is released, wham!, he's ordered it and read it. He then stows it on a huge bookshelf bulging with trading books. Like little trophies.

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Profiting from Dividend Momentum

Profiting from Dividend Momentum

History shows there is enough momentum leading into an ex-dividend date and beyond to extract profits. In this eBook Nick Radge, The Chartist, introduces a simple rule-based approach to capture these potential gains, as well as protect capital during a GFC-type bear market.

This is a short, straight to the point, no-fluff eBook ideal for investors wanting to take advantage of dividends.

Purchase Profiting from Dividend Momentum on Kindle. You can download a free Kindle reading app for smart phone, tablet, PC or Mac click here.

All other eBook versions are available here, including for iPad, Nook, Kobo, Adobe Digital Editions etc

Try before You buy The Chartist 200

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50 Bite Size Trading Tips and Tricks by Nick Radge

50 Bite Size Trading Tips and Tricks by Nick Radge

  1. Don't try to read into other people's trading decisions.
  2. By all means like a stock, but don't try to be best friends with it forever. Instead, spend time nurturing positions that are being kind to you.
  3. Beware the Beginners Cycle. The want to be right will cause you to collect courses and books and will only be a costly and frustrating exercise. The secret is elsewhere.
  4. Actually, there is no secret. It's all in the maths.
  5. Losses when trading are inevitable, but losses should always be limited.
  6. Have a prepared trading plan so you don't rush into bad decisions. Time spent planning will help you avoid catastrophic losses, riding the emotional roller coaster, and other unnecessary headaches.
  7. Get off your high horse. Your ego will eventually cost you dearly.

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Soul Trader - Trading the Stock Market whilst In the Zone

Many analogies are made between different sports and trading the stock market. Usually such analogies refer to mindset required for elite performance or the technical processes involved. One analogy that particularly resonates with me comes from the sport of surfing.

Of all the sports I have tried and participated in, surfing has provided me with by far the most amount of pleasure over the years.

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Technical Analysis – Indicators

stock chart manOne of the early decisions a new trader needs to make is what sort of trading they wish to undertake. Usually following on from that answer, the question as to whether some type of stock market analysis tool (i.e. trading software) is required, then presents itself.

As the budding trader embarks on the due diligence of purchasing a trading software package they can be subjected to the amount of indicators the package has or can be created, as a selling point. Once the decision is made and software downloaded, a potential problem begins to manifest itself, unbeknown at this point to the trader. Within the indicator section of the software is a plethora of indicators, each with adjustable parameters, styles and colours.

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How to Buy Stocks

best advice for tradersSo, you want to know how to buy stocks. The most important thing to remember when starting your investment career (think of trading and investing as a business, after all, you are in it to make money) is to be realistic. Learning how to buy stocks takes time, study and practice. Remember: it’s your hard earned money you are going to be trading stocks with so be careful and be responsible.

Start with a trading plan. This will outline your goals, trading routine, money management and continued learning. Trading without a plan is more like gambling and will see you stuck in the Beginner’s Cycle for a very long time. The more detailed your plan the better.

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Free E-book: Successful Stock Trading – A Guide to Profitability

successful stock trading by Nick RadgeNick Radge’s book Adaptive Analysis for Australian Stocks has been a huge success with some readers claiming the first 50 pages to be the 'stock trader’s bible'. As only a few copies of Adaptive Analysis are still available from The Chartist, we have decided to update and release those crucial pages as a free eBook.

Successful Stock Trading by Nick Radge will show you the maths behind profitability. It really is simple and is something that ALL traders, no matter the market being traded, must understand.

About Nick Radge has been trading and investing for 30 years. He is Head of Trading and Research at The Chartist. Nick and his wife, Trish Radge, established Reef Capital Coaching t/as The Chartist in 1998 and continue to work full time on the business. They also trade the same strategies alongside their clients.

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Short Term Trading – Trailing Stops

trailing stopsTrailing stop losses are a valuable tool when short term trading using technical analysis. Once a breakeven stop is reached, the trailing stop helps lock in profits as the trade progresses. The trailing stop removes angst and decision making during the trade as it provides a definitive answer as to when to close a position. They can be part of a computerised trading system to trigger exits or as part of a discretionary trader’s arsenal.

As with profit targets, the exit criteria is known and planned for before the trade is initiated. The exact level at which the trailing stop triggers is not known, but the conditions which are to trigger an exit certainly are. Such stops can be left in the market so they are triggered on an intraday basis for the end of day trader, negating the need to constantly watch the market, and allow the user to let profits run and cut losses short.

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Stock Trading: My Top 5 Stock Trading Books

top stock trading booksCraig Fisher, Portfolio Analyst from The Chartist, has broken out of the beginner's cycle (finally!) Craig has put together a list of his top 5 stock trading books. These are the trading books he wishes he had found earlier and that he goes back to on a regular bases.

As my trading experience grows I am tending to read less stock market trading books, but still enjoy doing so. In my formative years, I read as much as I could but still would not profess to having ‘read them all’ by any stretch of the imagination – far from it. As a beginner I tended to focus on the Australian share market and consequently Australian books. It was probably also a function of price as they were significantly more affordable than those from the US. If I had my time over, I would research books a lot more and not let price be so much of a buying criteria, as my shelves are full of disappointing books that really don’t teach you much of what really matters.

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