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Book Cover
E-book
Author Lamothe, Michael

Title The Trading Mindwheel Eight Essential Skills for Trading Mastery
Published Newark : John Wiley & Sons, Incorporated, 2023

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Description 1 online resource (242 p.)
Contents Cover -- Title Page -- Copyright Page -- Table of Contents -- Foreword -- Introduction -- Prelude -- The Start of Something Life Changing -- Philosophy of the Trading Mindwheel -- THE AXLE MINDSET: Beliefs, Belief Systems, Emotions, and Habits -- Jesse Livermore's Story -- Mindset Is Everything -- Taking Inventory of Our Beliefs -- 2 A.M. Wakeup Call -- Deconstructing Beliefs and Belief Systems -- Awareness -- Awareness Exercise 1 -- Write Your Beliefs -- Awareness Exercise 2 -- Awareness Exercise 3 -- Awareness Exercise 4: Fear Not! -- Exercise -- Four Stages of Letting Go
Emotions and Emotionality -- The Marathon -- Healing Wounds -- When White Knuckling Fails . . . -- Meditation Is a Marvelous Tool! -- Seek Clarity -- The GPS Approach: Beginning with the Desired Outcome -- The Comfort Zone -- Build Mental Funnels -- S.M.A.R.T. Goals -- Equanimity -- SPOKE 1 JOURNALING: Step One of Accountability and Continuous Improvement -- What to Journal About -- General Awareness -- Gathering Specific Data -- Focusing In on Our Objectives -- Types of Journals -- Summary -- Trading Routines -- The Comfort Zone Trap -- Routine Installation
SPOKE 2 ANALYSIS: Analyzing Trades and Markets -- Three Things I Learned the Hard Way about Trading -- 1. As Green as Can Be -- 2. The Cautious Skeptic -- 3. One More Try -- Analyzing Trades and Analyzing Markets -- Influences and Studies -- Fundamental Analysis: Defining Our Universe -- Entering the Arena and Finding the Stocks Ready to Play the Game -- A Universe of E.A.G.L.E.s: The E.A.G.L.E. Criteria -- Defining Our Setups -- Developing a Funnel -- Analyzing Markets -- Trend Analysis Across Time Frames -- Distribution Count over the Past 25 Days and over the Past 10 Days
Number of Stocks Making New Highs vs. New Lows -- Size of the Universe List -- Size of the Trade Ideas List -- Quality of Setups in the Trade Ideas List -- Performance of the Trade Ideas List as a whole -- Performance of Open Trades -- Performance of Prior 10 Trades -- SPOKE 3 RISK: Initial Capital Risk, Position Sizing, Potential Reward -- Risks Involved in Risk -- Risk of Losing Trades -- Risk of Being Wrong -- Risk of Losing Money -- Mindsets Needed for Risking Capital -- Cost of Doing Business -- How Much Do We Want Our Costs to Be?
What Are the Risk Requirements of the System We Want to Use? -- When to Pull the Plug? -- Ways to Effectively Manage Risk -- Reward to Risk -- Cutting Losses -- Other Tactics, Pluses, and Minuses -- Position-Sizing Methods -- Two Styles of Sizing -- Pyramiding into Positions -- SPOKE 4 TRADE MANAGEMENT: Managing Risk throughout the Life of the Trade -- Life Cycle of a Trade -- Beginning of the Trade -- Setups -- Slippage -- Four Types of Exits -- Targets -- Trails -- Back Stops -- Stop Loss -- When to Sell in Stages vs. When to Sell It All -- When to Add
Notes Description based upon print version of record
Adding to a Losing Trade (Advanced and Not for the Faint of Heart)
Form Electronic book
ISBN 9781119868262
1119868262