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The Universal Tactics of Successful Trend Trading: Finding Opportunity in Uncertainty

Brent Penfold
4.23/5 (21 ratings)
Compared with The Universal Principles of Successful Trading, which has a more holistic and theoretical approach to discussing the process of the trading that follows a number of immutable core principles, this is a more practical, how-to guidebook on trend trading where the author attempts to take the principles he has shared regarding methodology and apply them in a practical manner to investigate, review and develop a robust trend trading methodology. In combination with UPST, this book has the potential to transform a losing trader into a long-term sustainable winning one.

With a focus on methodology, the book begins by outlining how difficult it is for traders to succeed and discusses a number of key messages covering knowledge, risks, application and execution. It discusses the appeal of trend trading and why any trader should seriously consider it as a technique. It also offers an outline of why trends exist and the reasons why so many fail at it, and examines the different trend trading strategies to demonstrate the various techniques that exist and the importance of measuring strategy performance on a risk-adjusted basis. The book includes a toolkit that traders can use to help them in reviewing, developing and selecting strategies to trade, and concludes with an example of using the toolkit to develop a sensible and sustainable trading strategy.
Format:
Pages:
pages
Publication:
Publisher:
Edition:
Language:
ISBN10:
111973455X
ISBN13:
9781119734550
kindle Asin:
B08HCN7ZW5

The Universal Tactics of Successful Trend Trading: Finding Opportunity in Uncertainty

Brent Penfold
4.23/5 (21 ratings)
Compared with The Universal Principles of Successful Trading, which has a more holistic and theoretical approach to discussing the process of the trading that follows a number of immutable core principles, this is a more practical, how-to guidebook on trend trading where the author attempts to take the principles he has shared regarding methodology and apply them in a practical manner to investigate, review and develop a robust trend trading methodology. In combination with UPST, this book has the potential to transform a losing trader into a long-term sustainable winning one.

With a focus on methodology, the book begins by outlining how difficult it is for traders to succeed and discusses a number of key messages covering knowledge, risks, application and execution. It discusses the appeal of trend trading and why any trader should seriously consider it as a technique. It also offers an outline of why trends exist and the reasons why so many fail at it, and examines the different trend trading strategies to demonstrate the various techniques that exist and the importance of measuring strategy performance on a risk-adjusted basis. The book includes a toolkit that traders can use to help them in reviewing, developing and selecting strategies to trade, and concludes with an example of using the toolkit to develop a sensible and sustainable trading strategy.
Format:
Pages:
pages
Publication:
Publisher:
Edition:
Language:
ISBN10:
111973455X
ISBN13:
9781119734550
kindle Asin:
B08HCN7ZW5