Acknowledgments
Introduction: You Are Already a Commodity Trader
My Most Important Market Belief
The Beginning of My Career as a Speculator
The Ride of a Lifetime
Chapter 1 Making Order Out of Short-Term Chaos
How I Learned about the Market
Charting the Market
The Nonrandom Market
Understanding Market Structure
Market Structure Will Never Change
Short Sell Pattern
Target Time and Trailing Stops
Recap
Chapter 2: It's a Question of Price and Time
All You Will Ever Need to Know about Cycles
The Natural Cycle of Range Change
Where the Trend Is with You—The Second Power Play Price Pattern
Recap
Chapter 3: The Real Secret to Short-Term Trading
It Is All about Time
Recap
Chapter 4: Volatility Breakouts—The Momentum Breakthrough
Simple Daily Range Breakouts
A Look at Volatility in the S&P 500
Separating Buyers from Sellers to Find Volatility Using Market Swings
Results
One Step Further
Recap
Chapter 5: The Theory of Short-Term Trading
E. H. Harriman's Rule of Making Millions
Chapter 6: Getting Closer to the Truth
The Market Is Not a Coin Flip: Random walk or Cootner vs. Cohen (Cohen wins)
Gold Tdom Study
Bond Tdom Study
Monthly Road Maps
Recap
Chapter 7: Patterns to Profit
The Common Element
The Questions to Ask
My Smash Day Patterns
How to Use Smash Day Patterns
Specialists' Trap
A Vital Note—This Works on Shorter Time Frames as Well
Oops! This Is Not a Mistake
S&P Oops! Trading
Recap
Chapter 8: Separating the Buyers from the Sellers
Greatest Swing Value
Stock Index Trading with Greatest Swing Value
Some Pointers
Recap
Chapter 9: Short-Term Trading from a Quote Screen
How a Quote-Screen Trader Makes Money
Swing Points as Trend Change Indication
The Three-Bar High/Low System
A New Indicator for Short-Term Traders . . . Will-Spread
Will-Spread and the S&P 500 Stock Index
Recap
Chapter 10: Special Short-Term Situations
Month-End Trading in Stock Indexes
Target Months
Making It Better
Month-End Trading in the Bond Market
Getting Specific
Better and Better
A Time to Sell as Well
Recap
Chapter 11: When to Get Out of Your Trades
Chapter 12: Thoughts on the Business of Speculation
Exits Before Entries
What Speculation Is All About
It’s about Time
Essential Points about Speculation
Recap
Chapter 13: Money Management—The Keys to the Kingdom
Most Traders Use a Hit-and-Miss Approach
Approaches to Money Management—One Is Right for You
The Good, the Bad, and the Ugly of Money Management
Looking in New Directions, Drawdown as an Asset
Back to Ralph: 2011 Money Management Breakthrough
The Kelly Ratio Mirage
Recap
Chapter 14: From Kennedy to Obama, Thoughts from 50 Years of Trading
Trading and Collecting Honey
Low Hanging Fruit
Look before you leap is one of the first adages we are taught as children. It should be should the first one we are taught as traders.
Remember the Kid's Game "Pick up Sticks"
And It Can Get Worse by Far...
Lock-Up Time
Enough on Greed . . . Now Let’s Deal with Fear
Running, Trading, and Losing
Doing the Wrong Thing . . . It's So Easy, Isn't It?
It's Not the Trade, It's the Battle
The Art of Fly-Fishing Revisited
Fear and Greed, Looking Them in the Face Again
Why Most Traders Lose Most of the Time
A Review of Losing Trades Showed That
The Number One Reason We Lose Money Trading
The Most Important Trading Belief You Have
The Worst Dog I Ever Had, Cost the Most
Athletics Are Such a Parallel to Trading
What Causes Stock and Commodity Market Trends
How to Measure the Public vs. the Pros
Folks, It Just Can't Be Done
The Rush of Trading
Beating Them to the Punch
It's Just Over My Head
I Looked Fear and Greed in the Face
The Show Must Go On
Broken Noses, Cauliflower Ears, and Bad Trades
Learning How to Lose Money
Hillary, Highs Hopes, and Heartaches
Nervous Nellies—Heaven Bound
Secrets of System Developing and Trading
The Difference between Winners and Losers
Recap
Chapter 15: Just What Does Make the Stock Market Rally?
Logic 101
These Words Are My Bond
A Look at Data A and Data B
Let's Break Some Bad Habits
How to Break Bad Habits
Comments on Setting Stops—Dollar Loss and Unpredictability
An Overview of How I Trade
My Trading Strategy...How It Works
Recap
Chapter 16: Hard Facts About a Very Hard Game to Win
It Is Just Like Life
Maybe You Are Not Cut Out for This...
You Are in a Tough Spot...
But There's a Little Bit More…
In Closing
Index
