You have no doubt heard the phrase "a long-term investment is a short-term trade gone bad", meaning that when a stock falls in price soon after purchase we tend to hold on 'for the long term' in the hope of a recovery. This book turns that phrase on ...
its head by presenting the position trader's mantra: "a long-term investment is a short-term trade gone well". You will learn how to pick the right stocks at the right time; but not until you have mastered the essential arts of: * using diversification to spread your risk. * cutting losses and securing profits with stop orders. * not staking too much too soon thanks to effective position sizing. * pyramiding more money into your winning positions. * leveraging your investments for greater gains. In a nutshell you will learn how to..."BUY like a Trader and HOLD like an Investor" WARNING: This strategy could seriously damage your wealth...or make you rich! Companion website at www.lotontech.com/positiontrading
Number of pages: 199
Date of publication: 07/01/2011
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