Sunday, January 17, 2010

A free e-book

... after reading the title of this post you're probably thinking that I made an e-boook and I'm giving it away for free. Not. Maybe one day. I want to give you another hint on finding books.

Earlier I wrote about finding free e-books using Google "
Free ebook for everyone - how to find free books online". Go to that post and read the instructions, and become familiar with Googles advanced search.

A while back I read this post by RiskAddict
"Example Trading System" and went to the link he provided to download the e-book. It wouldn't let me get the book, something about maximum limit reached. So I went up to the Google tool bar and typed in "book" and selected "search site" from the Google drop down menu. From there I browsed through the hits and selected the PDF.

Here is the link that Google spit out, download the PDF while it's still there -
How to develop a futures trading system ebook

10 tips from the website with the book;

  1. Do not feel compelled to always have a trade on or to trade everyday. Capital preservation is the key to successful trading and sometimes that just means waiting when the odds are not in your favour. Throughout all my years of investing I've found that the big money was never made in the buying or the selling. The big money was made in the waiting." Jesse Livermore
  2. Develop your own proven trading system - accept that losing trades will be part of that system.
  3. Do not let
fear and greed influence your trading decisions.
  • Trading is a business, be strategic and logical.
  • Learn something new everyday that will help to maintain or increase your edge.
  • Keep a trading journal and review why your actual trades vary from your trading plan.
  • Do not fight the market, it's easier to run with the wind than against it.
  • Always trade with a stop loss and never move that stop further away or remove it completely. Do not allow a day trade to become a long term investment.
  • Become an expert, know your market inside out. Be it options, futures or an individual stock - you should strive to become the World authority in it!
  • The market will rarely do what it 'should' be doing. Instead focus on what it is doing.
  • Disclaimer

    The information presented on this site is for educational and entertainment purposes only. This site contains no suggestions or instructions that you must follow, do your own research and due diligence before committing your cash to the markets. Your on your own.