The Logical Trader

Applying a Method to the Madness

Mark B. Fisher

256 pages, parution le 17/10/2002

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Résumé

In trading, as in life, you need a plan. In The Logical Trader: Applying a Method to the Madness, expert trader Mark Fisher reveals a plan and a method that he has used for over twenty years to successfully trade. Mark Fisher has taught thousands of people -- from traders on the floors of major exchanges to individual investors in front of computer screens -- how to trade stocks, commodities, even currencies, using his highly successful and innovative ACD method. Now, in The Logical Trader, Fisher will teach you how to use the ACD method to trade more effectively and profitably than ever before. For over fifteen years, Mark Fisher has taught thousands of people -- from traders on the floors of major exchanges to individual investors in front of computer screens -- how to trade stocks, commodities, even currencies, using his highly successful and innovative ACD method. Now, in The Logical Trader: Applying a Method to the Madness, Fisher will teach you how to use the ACD method to trade more effectively and profitably than ever before.
The Logical Trader opens with an in-depth discussion that outlines the basics of the ACD method -- plotting particular price points in relation to the opening range -- and shows you how this method allows you to gain reference points against which to trade the "A" and "C" points for entry and the "B" and "D" points as stops. You'll also learn about pivot ranges and how you can combine them with ACD to maximize position size while minimizing your risk.
Along the way, Fisher discusses some very important psychological issues -- No Ego, Gaming Theory, and The Concept of "Next!" -- that, when combined with ACD, can be adapted to any trading style or methodology. After a question-and-answer section designed to assess what you've learned in the first half of the book, The Logical Trader continues to show you how to use the ACD method in tandem with other trading tools.
Step by step, The Logical Trader will show you how to use the ACD method to calculate the prices above which you'd want to be long and the prices below which you'd want to be short. Using other indicators and measures, which are layered on top of the ACD base, you'll also learn how to construct a trading plan based upon prevailing prices and market activity.
As long as the market you are trading has sufficient volatility and liquidity, you can use the ACD method for everything from ultra-short-term day trading to longer-term position trading. Whether you're a novice trader or you've been at it for years, you'll find that the ACD system has something to offer you and your style of trading. Filled with real-world stories, accessible examples, and anecdotes of traders who have successfully used this method, The Logical Trader fully explains the ACD method and shows you how to get the most out of it.

Contents

Introduction
Ch. 1 Know Your ACDs
Ch. 2 The Pivot Concept
Ch. 3 Putting It Together: ACD and Pivot Ranges
Ch. 4 Macro ACD
Logical Trader: Midterm
Ch. 5 Pivot Moving Averages
Ch. 6 The Advanced Trader
Ch. 7 The ACD Version of "Ripley's Believe It or Not!"
Ch. 8 Trader Interviews

Appendix
Glossary

Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Mark B. Fisher
Parution	17/10/2002
Nb. de pages	256
Format	16 x 23,5
Couverture	Relié
Poids	510g
Intérieur	Noir et Blanc
EAN13	9780471215516
ISBN13	978-0-471-21551-6