Fly Fishing the Stock Market: How to Search for, Catch, and Net the Market's Best Trades (Wiley Trading)

How the strategies and tactics of fly fishing can translate to improved trading performanceMuch like trading, successful fly fishing requires both an understanding of "big picture" conditions and the ability to implement tactical techniques to actually catch the fish. In Fly Fishing the Stock Market, Dr. Stephen Morris compares his method for trading stocks with his favorite past time, fly fishing & mdash;providing fresh insights into his successful trading approach. Engaging and accessible, this book skillfully describes how Morris applied this approach to generate an astounding 268% growth ... � Read more... Abstract: How the strategies and tactics of fly fishing can translate to improved trading performance Much like trading, successful fly fishing requires both an understanding of "big picture" conditions and the ability to implement tactical techniques to actually catch the fish. In Fly Fishing the Stock Market, Dr. � Read more... Content: Fly Fishing the Stock Market Contents Introduction PART I Fly-Fishing Lessons CHAPTER 1 Three P's in a Pod PASSION PATIENCE PERSISTENCE CHAPTER 2 The Tackle Box WHAT GOES INTO THE TOOLBOX BAR CHARTS AND CANDLESTICKS- SAME MARKETS, DIFFERENT ANGLES BULLISH AND BEARISH ENGULFING PATTERNS TRENDLINES TOPS Double Tops Head-and-Shoulders Tops BOTTOMS Double Bottoms Inverse Head-and-Shoulders Bottoms FALSE BREAKOUTS GAPS Common Gaps Breakaway Gaps Runaway Gaps Exhaustion Gaps TRIANGLES VOLUME COMPUTERIZED INDICATORS MOVING AVERAGES Moving Average Crossovers. MOVING AVERAGE CONVERGENCE-DIVERGENCETHE IMPULSE SYSTEM FORCE INDEX CONCLUSION CHAPTER 3 Developing Your Technique ANALYTICAL TOOLS AND STEPS VIX Morningstar Groups Steps to Analyze Morningstar Industry Groups The Reward/Risk Ratio UNDERSTANDING ENTRY ORDERS Limit Orders Stop Orders The Orders I Use CONCLUSION CHAPTER 4 Expectations WHY MANAGED FUNDS CAN BE "DILUTIONAL" CONCLUSION PART II Expect the Unexpected CHAPTER 5 Seeing Is Not Believing GETTING TRAPPED AT THE EXTREME EDGE CONCLUSION CHAPTER 6 The Art of Deception WHEN THE PREY IS EXHAUSTED. THE DECEPTIONS OF V-BOTTOMSTHE DECEPTIONS OF SYMMETRICAL TRIANGLES THE DECEPTIONS OF ASCENDING TRIANGLES THE DECEPTIONS OF HEAD-AND-SHOULDERS THE DECEPTIONS OF BREAKOUTS CONCLUSION PART III Time to Go FISHing CHAPTER 7 Fishing Seasons/Market Seasons MARKET SEASONS THE INFLUENCE OF VOLATILITY MONITORING MARKET SEASON CHANGES THE WEATHERVANE: A MARKET TIMING MONITOR Criteria That Signal Season Changes Other Important Features of the Weathervane Forecasting Market "Weather" Intraday Forecast Hourly Forecast THE WEATHER STATION. ADDING THE DETAIL OF PRICE PATTERNS TO STRENGTHEN THE MESSAGECONCLUSION CHAPTER 8 Matching the Hatch BOTTOM PATTERNS Trading Tactic Bottoms-Up Type I Bottoms-Up Type II PULL-BACK PATTERNS Trading Tactic Pull-Back Type I Pull-Back Type II TOP PATTERNS Trading Tactic Rollover Strategy PULL-UP PATTERNS Trading Tactic Pull-Up Type I Pull-Up Type II THE SYMMETRICAL TRIANGLE: AN ALL-AROUND GENERAL-PURPOSE PATTERN Symmetrical Triangle The Vortex Strategy CONCLUSION One Final Note CHAPTER 9 Terrestrials and Cut Banks FUNDAMENTAL ANALYSIS Earnings Revenue Growth. USING FUNDAMENTALS TO COMPLEMENT TECHNICAL ANALYSISPull-Back Type I The Best Mix Events That Move Prices Active Trading Meets Buy-and-Hold A DISCONNECT BETWEEN TECHNICALS AND FUNDAMENTALS FUNDAMENTALS ON FIRE: MOMENTUM TRADING Entry Trade Management Stop-Loss Exit CHASING THE BIG ONES CONCLUSION CHAPTER 10 Catch and Release SETTING THE HOOK WITH THE STRIKE INDICATOR (ENTRY) THE STRIKE INDICATOR ENTRY STEPS Long Position Short Position SNAG MANAGEMENT (STOP-LOSS) THE DRAG SYSTEM (TRADE MANAGEMENT/PROFIT EXIT) EXAMPLES OF DRAG SETTINGS EXIT TO ENTER? CONCLUSION. How the strategies and tactics of fly fishing can translate to improved trading performanceMuch like trading, successful fly fishing requires both an understanding of 'big picture' conditions and the ability to implement tactical techniques to actually catch the fish. In Fly Fishing the Stock Market, Dr. Stephen Morris compares his method for trading stocks with his favorite past time, fly fishing--providing fresh insights into his successful trading approach. Engaging and accessible, this book skillfully describes how Morris applied this approach to generate an astounding 268% growth in his account in the volatile and confusing, post-financial crisis markets.Morris explains how he uses technical indicators to determine what he calls the 'market season' and how he then zeros in on individual stock patterns to make his trades. He also reveals unique tools, such as the Market Timing Monitor and Weather Station, which give him a sense of the market's long-term condition and provides the basis for his trading and risk management strategies.Filled with the authenticity of a real trader figuring out how to uncover profitable trading opportunitiesA companion Website contains supplementary material that allows you to learn in a hands-on fashion long after closing the bookProvides a compelling portrait of how a successful trader thinks about markets, develops a method, and then implements the method in real timeThe author's spectacular returns are backed by publicly documented records Just like fly fishing, traders must adjust their approach constantly because market conditions constantly change. This book will help you achieve this elusive goal, and capture consistent profits in the process. STEPHEN MORRISis one of the top performing traders of Alexander Elder's SpikeTrade Group, generating a gain of 264% in his SpikeTrade equity during the turbulent and confusing markets of 2008#x96;2010. He has been a guest instructor at an Elder-sponsored trading camp and operates a blog, Fly Fishing the Stock Market, which contains his Weathervane (Market Timing Monitor), weekly and daily market forecasts, along with commentary on long- and short-term buy signals and specific market patterns. Dr. Morris has been trading since 1998

How the strategies and tactics of fly fishing can translate to improved trading performance

Much like trading, successful fly fishing requires both an understanding of "big picture" conditions and the ability to implement tactical techniques to actually catch the fish. In Fly Fishing the Stock Market, Dr. Stephen Morris compares his method for trading stocks with his favorite past time, fly fishing—providing fresh insights into his successful trading approach. Engaging and accessible, this book skillfully describes how Morris applied this approach to generate an astounding 268% growth in his account in the volatile and confusing, post-financial crisis markets.

Morris explains how he uses technical indicators to determine what he calls the "market season" and how he then zeros in on individual stock patterns to make his trades. He also reveals unique tools, such as the Market Timing Monitor and Weather Station, which give him a sense of the market's long-term condition and provides the basis for his trading and risk management strategies.

• Filled with the authenticity of a real trader figuring out how to uncover profitable trading opportunities
• A companion Website contains supplementary material that allows you to learn in a hands-on fashion long after closing the book
• Provides a compelling portrait of how a successful trader thinks about markets, develops a method, and then implements the method in real time
• The author's spectacular returns are backed by publicly documented records

Just like fly fishing, traders must adjust their approach constantly because market conditions constantly change. This book will help you achieve this elusive goal, and capture consistent profits in the process.

"How the strategies and tactics of fly fishing can translate to improved trading performance. Much like trading, successful fly fishing requires both an understanding of "big picture" conditions and the ability to implement tactical techniques to actually catch the fish. In Fly Fishing the Stock Market, Dr. Stephen Morris compares his method for trading stocks with his favorite past time, fly fishing-providing fresh insights into his successful trading approach. Engaging and accessible, this book skillfully describes how Morris applied this approach to generate an astounding 268% growth in his account in the volatile and confusing, post-financial crisis markets. Morris explains how he uses technical indicators to determine what he calls the "market season" and how he then zeros in on individual stock patterns to make his trades. He also reveals unique tools, such as the Market Timing Monitor and Weather Station, which give him a sense of the market's long-term condition and provides the basis for his trading and risk management strategies. Filled with the authenticity of a real trader figuring out how to uncover profitable trading opportunities A companion Website contains supplementary material that allows you to learn in a hands-on fashion long after closing the book Provides a compelling portrait of how a successful trader thinks about markets, develops a method, and then implements the method in real time The author's spectacular returns are backed by publicly documented records Just like fly fishing, traders must adjust their approach constantly because market conditions constantly change. This book will help you achieve this elusive goal, and capture consistent profits in the process."-- Résumé de l'éditeur

Tap into expert stock trader and passionate fly fisher Dr. Stephen Morris's dynamic trading system that rests on a sound structure of careful analysis and is anchored to a solid foundation.

Morris takes the fundamentals of trading giant Alexander Elder and combines them with his own unique approach to successful trading. Using fly fishing as a metaphor, Morris explores the process that underpins the seasonal matching strategies that are able to exploit any and all market conditions. Throughout the book, Morris illustrates the pyramid structure of success. From time to time, there will be a seesaw between spectacular gains and periods of drawdowns. When supported by a successful trading structure, consistency will win out. When there is consistency, the scales need to be tipped only slightly towards more gains than drawdowns to be successful over the long haul.

Fly Fishing the Stock Market is written for the experienced trader whose trades are already successfully launched from quality trade plans as well as the novice learning the mechanics of entries and exits. If you are looking for a guide that will help you trade with confidence, look no further.

Fly Fishing the Stock Market + Website puts an emphasis on practical application. To that end, this book provides readers with access to a companion website filled with supplementary materials—from Fly Fishing the Stock Market Reports and Instructional Videos to automated Catch and Release™ software—allowing you to continue to learn in a hands-on fashion long after closing the book.