Trend Trading for a Living, Chapter 7 - Determining General Market Direction

Overview

Main description

The following is a chapter from Trend Trading for a Living. In it, author and founder of Befriend the Trend Trading, Dr. Thomas Carr gives you all the technical skills, market-trend knowledge, and trading confidence you need to "trade for a living." A self-made trader himself, Carr walks you through every step of the process, from selecting the right online broker and choosing the best supporting software to "eyeballing" real setups on stock charts and leveraging your portfolio with options.

Table of contents

Part I Preliminaries

1. What you Need to Get Started

2. Becoming a Chart Reader

3. Developing the "Trader's Mind"

4. The 10 Habits of Highly Successful Traders

Part II Trend Trading Basics

5. What is Trend Trading?

6. Setting Up your Watch Lists

7. Determining General Market Direction

Part III Get Started Trend Trading

8. Selecting Bullish Stocks to Trend Trade

9. Selecting Bearish Stocks to Trend Trade

10. Entries and Exits

Park IV Trend Trading With Options Appendices