BENNETT A. MCDOWELL is the founder of TradersCoach.com® and the developer of the proprietary Applied Reality Trading® (ART) system. Today, the ART system is used by investors in over 85 countries around the world by retail investors, active traders, and hedge fund managers. He is an expert in technical analysis, trading psychology, and money management.

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• Introduction ixAcknowledgments xxvDisclaimer xxviiEpigraph xxixStep I: Focus on Reality 1Chapter 1: Reality Check 3Chapter 2: Perception Versus Reality 9Chapter 3: Too Good to Be True? 25Chapter 4: Price, Volume, and Momentum 31Chapter 5: Get Down to Business 39Step II: Develop the Trader’s Mindset 49Chapter 6: Your Mindset 51Chapter 7: Brain Power 61Chapter 8: Stress Reduction 73Chapter 9: Fitness 85Chapter 10: Nothing to Fear 103Step III: Implement Risk Management 119Chapter 11: Risk Management Essentials 121Chapter 12: Win Ratio and Payoff Ratio 129Chapter 13: Trade Size Matters 139Chapter 14: Stop-loss Exit Strategies 149Chapter 15: Trader’s Recordkeeping Forms 157Step IV: Design Your Trading Rules 169Chapter 16 The Hardest Rule to Follow 171Chapter 17 Understanding Financial Markets 181Chapter 18 Customize Your Rules to You 237Chapter 19 Your 10 Rules Trading Template 253Chapter 20 Testing and Proving Your Edge 297Step V: Scan for Opportunities 305Chapter 21 Needle in the Haystack 307Chapter 22 Scanning Strategies 313Chapter 23 Building Your Watch List 331Step VI: Manage the Trade 339Chapter 24: It Ain’t Over Till It’s Over 341Chapter 25: Trade Management Strategies 349Step VII: Debrief the Trade 363Chapter 26: Learn from History 365Chapter 27: Debriefing Strategies 375Epilogue: Trading Is the Perfect Business 389Appendix A: Advanced Techniques 413Technique 1: Elliott Wave and Fibonacci 415Technique 2: Multiple Time Frame Analysis 457Technique 3: Scaling Out of and Into Trades 475Appendix B: Resources 483Resources 1: Brokers, Data Feeds, and More 485Resources 2: Technology Tips 505Resources 3: Books, Movies, and Websites 513About The Website: Online Information Portal 535Glossary 539About the Author 565Index 567

BENNETT A. MCDOWELL is the founder of TradersCoach.com® and the developer of the proprietary Applied Reality Trading® (ART) system. Today, the ART system is used by investors in over 85 countries around the world by retail investors, active traders, and hedge fund managers. He is an expert in technical analysis, trading psychology, and money management.

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• Introduction ixAcknowledgments xxvDisclaimer xxviiEpigraph xxixStep I: Focus on Reality 1Chapter 1: Reality Check 3Chapter 2: Perception Versus Reality 9Chapter 3: Too Good to Be True? 25Chapter 4: Price, Volume, and Momentum 31Chapter 5: Get Down to Business 39Step II: Develop the Trader’s Mindset 49Chapter 6: Your Mindset 51Chapter 7: Brain Power 61Chapter 8: Stress Reduction 73Chapter 9: Fitness 85Chapter 10: Nothing to Fear 103Step III: Implement Risk Management 119Chapter 11: Risk Management Essentials 121Chapter 12: Win Ratio and Payoff Ratio 129Chapter 13: Trade Size Matters 139Chapter 14: Stop-loss Exit Strategies 149Chapter 15: Trader’s Recordkeeping Forms 157Step IV: Design Your Trading Rules 169Chapter 16 The Hardest Rule to Follow 171Chapter 17 Understanding Financial Markets 181Chapter 18 Customize Your Rules to You 237Chapter 19 Your 10 Rules Trading Template 253Chapter 20 Testing and Proving Your Edge 297Step V: Scan for Opportunities 305Chapter 21 Needle in the Haystack 307Chapter 22 Scanning Strategies 313Chapter 23 Building Your Watch List 331Step VI: Manage the Trade 339Chapter 24: It Ain’t Over Till It’s Over 341Chapter 25: Trade Management Strategies 349Step VII: Debrief the Trade 363Chapter 26: Learn from History 365Chapter 27: Debriefing Strategies 375Epilogue: Trading Is the Perfect Business 389Appendix A: Advanced Techniques 413Technique 1: Elliott Wave and Fibonacci 415Technique 2: Multiple Time Frame Analysis 457Technique 3: Scaling Out of and Into Trades 475Appendix B: Resources 483Resources 1: Brokers, Data Feeds, and More 485Resources 2: Technology Tips 505Resources 3: Books, Movies, and Websites 513About The Website: Online Information Portal 535Glossary 539About the Author 565Index 567

BENNETT A. MCDOWELL is the founder of TradersCoach.com® and the developer of the proprietary Applied Reality Trading® (ART) system. Today, the ART system is used by investors in over 85 countries around the world by retail investors, active traders, and hedge fund managers. He is an expert in technical analysis, trading psychology, and money management.

Select Guide Rating

• Introduction ixAcknowledgments xxvDisclaimer xxviiEpigraph xxixStep I: Focus on Reality 1Chapter 1: Reality Check 3Chapter 2: Perception Versus Reality 9Chapter 3: Too Good to Be True? 25Chapter 4: Price, Volume, and Momentum 31Chapter 5: Get Down to Business 39Step II: Develop the Trader’s Mindset 49Chapter 6: Your Mindset 51Chapter 7: Brain Power 61Chapter 8: Stress Reduction 73Chapter 9: Fitness 85Chapter 10: Nothing to Fear 103Step III: Implement Risk Management 119Chapter 11: Risk Management Essentials 121Chapter 12: Win Ratio and Payoff Ratio 129Chapter 13: Trade Size Matters 139Chapter 14: Stop-loss Exit Strategies 149Chapter 15: Trader’s Recordkeeping Forms 157Step IV: Design Your Trading Rules 169Chapter 16 The Hardest Rule to Follow 171Chapter 17 Understanding Financial Markets 181Chapter 18 Customize Your Rules to You 237Chapter 19 Your 10 Rules Trading Template 253Chapter 20 Testing and Proving Your Edge 297Step V: Scan for Opportunities 305Chapter 21 Needle in the Haystack 307Chapter 22 Scanning Strategies 313Chapter 23 Building Your Watch List 331Step VI: Manage the Trade 339Chapter 24: It Ain’t Over Till It’s Over 341Chapter 25: Trade Management Strategies 349Step VII: Debrief the Trade 363Chapter 26: Learn from History 365Chapter 27: Debriefing Strategies 375Epilogue: Trading Is the Perfect Business 389Appendix A: Advanced Techniques 413Technique 1: Elliott Wave and Fibonacci 415Technique 2: Multiple Time Frame Analysis 457Technique 3: Scaling Out of and Into Trades 475Appendix B: Resources 483Resources 1: Brokers, Data Feeds, and More 485Resources 2: Technology Tips 505Resources 3: Books, Movies, and Websites 513About The Website: Online Information Portal 535Glossary 539About the Author 565Index 567