DESCRIPTION
(From The Jacket) – In “Trading Day By Day”, thirty-year futures trader F.H. “Chick” Goslin asks you to temporarily put aside all your knowledge of trading and take a clean, fresh look at this simple, yet far from easy, business called trading. He then methodically points out one trading law and truth after another until an intelligent approach and method for trading becomes self-evident.
However, Mr. Goslin does not stop at theory. Once he has shown you the three natural laws of trading, provided numerous reliable trading rules, and explained how to put all these to practical use, he next takes the unique approach of applying these laws and truths to nine markets on a day-by-day basis for ten days. This two-week process is as close to a random, “real time” trading experience as is possible in print. Chick Goslin’s real-time, day-by-day presentation provides a realistic way of testing your trading skills while at the same time presenting proof of the validity of the laws and trading rules as laid out by the author.
Whatever your trading experience, “Trading Day By Day” clarifies and illuminates the fascinating, but difficult, game/business of trading. While specifically directed at the futures trader, any trader–be it of futures, stocks, bonds or any other asset–will benefit from this clearly written and unusually insightful book.
CONTENTS
- Introduction
- Trading vs. Investing
- Approach
- Method
- The First Law of Trading
- The Second Law of Trading
- The Third Law of Trading
- The SMR/Trend Momentum Indicators
- The Trend Line
- The Intermediate-Term Momentum Line
- Crosscurrent Mode vs. Concurrent Mode
- The Short-Term Momentum Line
- Divergences Between Price and SL
- The Price
- The Three-Point System
- Relative Strength
- Long-Term Trading Method
- The “Spike” Rule
- The “Mistake” Rule
- Streaks: Good and Bad
- The Commitment of Traders Report
- Options
- Paper Charts vs. Computers
- Price Action
- Futures Charts (with real-time commentary and after-action critique)
- Stock Charts
- Putting It All Together
- Common Trader Pitfalls
- Final Thoughts On Trading