Description
An introduction to the basics of short-term trading, including what the floor traders know and how their knowledge affects your trades, is immediately followed by the core principles and strategies associated with the short-term, hit-and-run approach to the market known as “sniper” trading. You’ll learn how to measure, quantify, and interpret market data so you can quickly figure out when the market will move and which way it will go. Sniper Trading then takes you through the process of using this information to successfully trade in the stock, options, and futures markets.
Sniper Trading focuses on three distinct ways to discern market patterns: support and resistance, time and price, and day of the week. As you learn how to recognize these patterns, this complete guide shows you how to:
* Create buying and selling “zones”
* Map out a winning trading strategy
* Take a macro view of the market
* Measure market symmetry
. . . all of which will help improve the bottom line of your short-term trades.
You’ll also see how other short-term techniques, such as the 3-Day Cycle Method, can still be used to predict and profit from the markets. To complement these and other methods, Angell introduces his own trading system, the LSS-a program created after George Douglas Taylor’s “Book Method”-which has evolved into a profitable breakout system for short-term traders over the years.
With tools and techniques in hand, you’ll receive an important lesson that most other trading books don’t provide-how to win at the psychological game of trading. Sniper Trading offers valuable advice and insights on how to stay focused, realize your goals, keep fear and greed in check, and develop an intuition about the market. You’ll quickly understand why “knowing” how to trade just isn’t enough if you plan to trade for a living.
Covering the theoretical, practical, and psychological sides of short-term trading, Sniper Trading allows you to decide for yourself what works best for you. Take the advice of someone who has survived and thrived as a trader for over thirty years. George Angell’s step-by-step strategies will help you overcome the inevitable pitfalls and master the steep learning curve faced by every trader.