Viewpoints of a Trader: the Wisdom of Trading is about the experiences, philosophy, style, and psychology of one of the greatest traders in the world. Courtney Smith has over 50 years experience trading everything from options, commodities, stocks, bonds, and foreign exchange to cryptocurrencies.
In this book you will learn:
How to create Money Power to turn your trading into a well managed business.
Who you need to know best to make more money every year.
How often you will get Mega Moves where you make life changing money
What is the Big One and how to play it. This is where and how you make most of your money so you need to understand this deeply.
Why being creative will cause you to lose money.
How having TOO MUCH capital can lead you to make stupid mistakes.
How to plan on being wrong and how to make money from being wrong.
How bull and bear markets differ and how you need to change your trading to make more money in these two different types of markets.
Detailed explanation of Courtney's worst trade ever and what he learned from it.
The 5 worst things that can happen to a trader. How to dive deeply into this things so you don't care about them.
How to keep cool with market chaos.
How to forecast markets accurately. Forecasting accurately is a major way to increase trading profits but nobody else teaches you how to do it.
The Moment of Truth. How it guides you to massive profits.
Ride Your Horse. This concept kept Courtney profitable for the last 3 decades.
How to find and follow Good Research and dump Bad Research.
Your first loss and how it will affect your trading career.
Your broker. How to use it and to not get burned by it.
How to make money with money. Your trading business doesn't sell shoes, it sells money.
How to play the Big One. The Big One is life changing money.
What everybody gets wrong. How executing flawlessly makes you more profitable every year for the rest of your life.
Here is the role of dreams in your trading profits.
Oddly, you are probably not looking at cause and effect correctly.
Goal setting is a powerful way to improve anything. Everybody sets the wrong goals in trading so their goal setting leads them down a path to losses.
Why are you trading? Of course you want to make money but that is not the correct reason if you want to maximize your profits!
What should you do during winning or losing streaks.
Are you losing money trading? One of the most common reasons is that you are fighting the market.