Trade My Way: Share Trading Tactics That Really Work for Novices to Experts

261 Pages·2011·4.77 MB·English

by  Alan Hull

REVISED
EDITION
MYWAY
pprreelliimmss..iinndddd iiii 66//2200//1111 77::2288 AAMM
TTRRAADDEE
*
MMYYWWAAYY
pprreelliimmss..iinndddd ii 66//2200//1111 77::2288 AAMM
REVISED
EDITION
MYWAY
pprreelliimmss..iinndddd iiii 66//2200//1111 77::2288 AAMM
REVISED
TRADE EDITION
*
MMYYWWAAYY
ALAN HULL
pprreelliimmss..iinndddd iiiiii 66//2200//1111 77::2288 AAMM
First published in 2011 by Wrightbooks
an imprint of John Wiley & Sons Australia, Ltd
42 McDougall St, Milton Qld 4064
Office also in Melbourne
Typeset in Berkeley LT 11/14
© Alan Hull 2011
The moral rights of the author have been asserted
National Library of Australia Cataloguing-in-Publication data:
Author: Hull, Alan, 1962-
Title: Trade my way: share trading tactics that really work,
for novices to experts / Alan Hull.
ISBN: 9780730375807 (pbk.)
Notes: Includes index.
Subjects: Stocks.
Speculation.
Stock exchanges.
Investments.
Dewey Number: 332.63228
All rights reserved. Except as permitted under the Australian Copyright Act
1968 (for example, a fair dealing for the purposes of study, research, criticism
or review), no part of this book may be reproduced, stored in a retrieval system,
communicated or transmitted in any form or by any means without prior written
permission. All inquiries should be made to the publisher at the address above.
Cover design by Peter Reardon, Pipeline Design <www.pipelinedesign.com.au>
Back cover image: used courtesy of Sky News
Microsoft Excel tables and screenshots used with permission from Microsoft.
Printed in China by Printplus Limited
10 9 8 7 6 5 4 3 2 1
Disclaimer
The material in this publication is of the nature of general comment only, and
neither purports nor intends to be advice. Readers should not act on the basis of
any matter in this publication without considering (and if appropriate, taking)
professional advice with due regard to their own particular circumstances. The
author and publisher expressly disclaim all and any liability to any person,
whether a purchaser of this publication or not, in respect of anything and of the
consequences of anything done or omitted to be done by any such person in
reliance, whether whole or partial, upon the whole or any part of the contents of
this publication.
pprreelliimmss..iinndddd iivv 66//2200//1111 77::2288 AAMM
Contents
Acknowledgements ix
About the author xi
Preface xiii
Part I: A few things you should know 1
1 What is share trading? 3
2 What is charting? 15
3 Modern technical analysis 29
4 Risk management 47
5 Anatomy of a trade 65
Part II: Active trading 81
6 Introduction to active trading 83
7 Tools of the trade for active trading 93
8 Taking active trading for a test drive (by Simon 107
Sherwood)
Part III: Breakout trading 131
9 Introduction to breakout trading 133
10 Tools for breakout trading 147
11 Applying the breakout trading strategy 163
12 T aking breakout trading for a test drive 175
(by Janice Korevaar)
v
pprreelliimmss..iinndddd vv 66//2200//1111 77::2288 AAMM
Trade My Way
Part IV: In conclusion 193
13 The biggest problem is you 195
14 Keep your eye on the ball 203
15 Blue chip share trading 213
Appendix A: MetaStock indicator formulae 221
for active trading
Appendix B: MetaStock indicator formulae 223
for breakout trading
Appendix C: Trading performance and strategy 225
review
Index 229
vi
pprreelliimmss..iinndddd vvii 66//2200//1111 77::2288 AAMM
This book is dedicated to a good friend of mine
A man who works very hard at trying to be successful
A man who works hard to make his own luck
A man who will get lucky and succeed
This book is dedicated to Mark
Successful share trading is about hard work and having the
strength of character to persevere. You will encounter hardship and
you will suffer losses. At times, you will also get lucky. This book
is a road map for those who are prepared to work hard and get
lucky . . . like Mark.
pprreelliimmss..iinndddd vviiii 66//2200//1111 77::2288 AAMM
pprreelliimmss..iinndddd vviiiiii 66//2200//1111 77::2288 AAMM