Trading Is A Statistical Business-To Be Profitable Requires A Variety Of Tools That Make It Easier To Manage Risk And Adapt Quickly To Changing Market Conditions. This Brand New Guide Puts The Stats In Your Favor With Backtested, Proven Trading Systems Based On Thousands Of Hours Of Research.
Steve Palmquist eliminates the learning curve and uses the results of his extensive backtesting techniques to smash many of today's popular trading myths and get down to the truth-while handing you six complete trading systems, including exactly how and when to use them.
Each system has been analyzed and tested in various time periods and market conditions using specific rules and various filters, all in order to determine how and when each system is most effective. Palmquist shares all of the research and results with you to reveal the design, development, and testing that goes into creating profitable trading strategies. You will learn:
How to determine market conditions to find trades most ideal to generate gains,
Four key things to look for in backtesting results to remove the most risk from your trades,
How to use Bollinger bands to trade overbought and oversold stocks for big returns, and
How smart money plays pullbacks and retracements in trending stocks, volume accumulations, and distribution patterns.
Smart traders will realize that making predictions about the market is a losing battle. Learn to observe and determine market conditions-then simply select the tool that you know works the best, and see how profitable this kind of market adaptive trading can be.