How to Make Money Trading with Candlestick Charts

Vision Books
18
Free sample

Japanese rice traders have successfully used candle signals to amass huge fortunes for nearly four centuries. Constantly refined and tested over time, candlestick signals are now being used the world over for trading all financial markets, including stocks, derivatives and currencies, etc.

This book explains step-by-step how you can make money by trading the powerful and proven candlestick techniques. Here is how:

● Explanation of major candle signals; how to recognize them and use them effectively

● The underlying market psychology revealed by each candle formation

● How to combine candlestick signals with Western technical analysis to take advantage of high probability trades which generate explosive profits

● Stop loss settings for various candlestick signals for cutting losses. Master this and you will be way ahead of fellow traders

● How the use of candlesticks with technical analysis provides a simple mechanical trading system which eliminates emotional interference, panic and greed

● How to use candlestick charts for making money from longer term trading and investing

● PLUS: Proven, market-tested trading ideas tips and common mistakes to avoid based on the author's rich experience of trading stocks and options.


This book will enable both new traders and experienced traders derive systematic and consistent profits from the market by adding candlestick charting to their trading arsenal.


REVIEWS FOR THE BOOK

"Educative addition to the technical trader's shelf." — The Hindu Business Line


"Clearly explains and reinforces the message of each candlestick pattern, pointing out other details that can help determine success or failure at each occurrence. The real life examples are manifold, well chosen and amplify the lessons being taught. Highly recommended reading for traders in all markets to discover ways of profiting from candlestick trading." —
 Alan Northcott


"Sadekar's book not only manages to live upto the expectations but probably excels them. Sadekar attempts to keep things simple, and targets the beginner to intermediate level technician as his target audience.

Each type of reversal, consolidation and continuation pattern is tackled in individual chapters and illustrated liberally with charts of Indian stocks. The author leaves ample strategies for the not so active trader, also combining Dow theory tools like trend lines, oscillators and moving averages with the oriental techniques. This gives the reader an immediate advantage of getting the best of both the worlds.

While all chapters are interesting read, chapters 11 & 12 are the highlights of the book as they lay out a simple but actionable game plan for a trader and investor. As if the overall package was not sweet enough, Sadekar has compiled a tear-away candlestick ready-reckoner at the end of the book to identify emerging patterns in real time. At its price, the book is a value buy. All in all, a must read book for every freshman candle sticks trader."
Vijay L. Bhambwani, Technical Analyst, CEO - BSPLIndia.com

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About the author

Balkrishna M. Sadekar is the founder of Profitable Candlestick Charting LLC., an educational company providing training to stock traders in the proper use of candlestick charting and technical analysis. He is also a member of Technical Securities Analyst Association (TSAASF.org), a leading authority for technical analysis in the United States.


With a Masters degree in Engineering, Sadekar has passionately blended technology with investor psychology analysis via candlestick charts. A trader for more than a decade, he has trained and continues training novice and experienced traders in correctly applying trading systems for profiting from equity markets.


Sadekar resides in Richmond, VA in the US and can be reached via his website, www.ProfitableCandlestickCharting.com. With his books, Sadekar hopes to get Indian traders comfortable, confident and successful in the proper application of candlestick charting.

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Reviews

4.7
18 total
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Additional Information

Publisher
Vision Books
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Published on
Jul 23, 2015
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Pages
156
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ISBN
9788170949626
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Language
English
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Genres
Business & Economics / Investments & Securities / Analysis & Trading Strategies
Business & Economics / Investments & Securities / General
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Content Protection
This content is DRM protected.
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Read Aloud
Available on Android devices
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Balkrishna M. Sadekar
Stock Market Guru
  Technical Analysis Of Stock Market For Beginners :

This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.


This book contains the following topics that will guide you through the path of Technical Analysis Of Stock Market.


Table of Contents


Chapter 1

A Good Trader

Chapter 2

Traders vs. Investors


Chapter 3

Types of Traders

Market Participants.

Retail Investors:

HNIs:

Institutional Investors:

Arbitrageurs:

Speculators:

Jobbers:

Traders Type (Time basis).

Scalpers

Day Traders

Swing Traders

Position Traders –


Chapter 4

Trading Styles

Trend Trading.

What is a Trend?

What are types of Trends?

Advantages of Trend Trading:

Swing Trading

What is Swing Trading?

How does Swing Trading work?

What are the advantages of Swing Trading?

Chapter 5

The How, When and What of a Trade

What Kind of a Trader Are You?

The Novice

The Student

The Sceptic

The Oracle

The Trader

How to Trade Like a Master

Trading Only High Probability Opportunities

Never Over-Trade.

Find a Shoe That Fits Your Size.

Timing the Markets.

Your Trade Should Fit the Type of Stock You are Trading

Fundamental Stocks

Technical Stocks

Supply Choke or 'Punting' Markets

How Many Open Trades at a Time?


Chapter 6

Risk Control: How to Stop Losses and Protect Your Gains

Why Some Traders Don't Use Stop Losses

Stop Loss

General Rule

Trailing Stop Loss

Stop Losses for Volatile Stocks

Using Stop Losses to Protect Your Profits

Stop Losses When Markets Open with Gaps

Stop Losses When a Stock is Being Manipulated


Chapter 7

The Art Of Reading Charts

Candlestick Charts

Overbought/ Oversold Overload

Gaps in Candlestick Charts

Breakaway Gaps:

Continuation Gaps:

Exhaustion Gap:

Weekly Charts-- For a Longer Trading Position

Using Hourly Charts 41

Be With the Stock On the 'West Side' and Let it Go On the 'East Side'.


Chapter 8

Trading Strategies

Never Fight the Market

Don't Trade When You Don't Have Any Edge

Trading Pitfalls-- and How to Avoid Them

How much should you trade?

Buy High, Sell Higher

Going for the Jugular Trade

Trade With What You Can Afford to Lose

When Day Trading, Be a Fruit Vendor.

Winning the Game of Odds

Secrets of Open Interest

Riding the Longer Cycle

Consensus Indicators

Channel Trading Systems

Improving Your Odds

Trading the Different Types of Rallies

Short Covering Rally

Long Term Rally

Sectoral Rally

The Successful Trader's Psychology

Trading Replicates the Behaviour of Fish

Stop Blaming Others

Don't Have Preconceived Notions About the Market's Direction

Reading the Mind of Others Who are Trading Your Stocks

Beware the Trading Minefields

Trading Secrets from the Masters

Stock Market Guru
Options Trading Strategies

 Options are great for novice and experienced investors, great for  all investors who wish to expand their portfolios and make money in stock market.Learn profitable and powerful options trading strategies which will lower your risk and increase your profits in today's market.

This book contains the following topics that will guide you through the path of Options Trading Strategy.


Index




Chapter 1 Introduction to Options

Options defined

The Importance of Learning Options

The Difficult Side of Options




Chapter 2a: Advantages of Options Trading

Hedging and Speculation

The Good and the Bad Sides of Options Trading



Chapter 2b: Nature and Characteristics of Options

Options Trading Parties

What is Call Option?

What is Put Option?

The Variants of Option

Option Trade Transacting versus Closing Out

Option Pricing and How It is Done




Chapter 3: Important Options Terms to Remember

Strike Price

Listed Option

Premium

Conversion

Intrinsic Value

Underlying Asset



Chapter 4: Should I Buy Futures or Should I Buy Options?

Buying Futures, Buying Options

Buying Options: Short Term and Long Term

Puts and Call – Buy Them but Don’t Sell Them

Buying Puts

How to Make Money when the Market is Falling

Buying Puts for Surefire Gains

Buying Calls

Buying Calls to Profit From an Up Trend

How to Profit when Buying Calls from a Bottoming Out Market

Buying Futures



Chapter 5: How to Trade F&Os in Several Market Conditions

What It Means When You Buy in Wild Swings

Buying When Risk Aversion is High

Playing the Bull Market

How to Play in the Bear Market

Direction less Markets

Playing Range Bound Markets

Playing Intra day Moves

Being a Compulsive Trader

Trading a Falling Market Caused by Crazy Valuations

Trading a Falling Market Caused by Negative News

Trading a Rising Market Caused by Increasing Interest

Selling Puts Amidst High Tendency of Risk Aversion

Trading Accumulation and Distribution



Chapter 6: Understanding the Golden Rules of F&O Trading

Start by Having a Plan

Each Single Stock is Not a Trade

Don’t Buy a Mercedes if What You Can Afford is a Motorcycle!

Set Your Trades to a Maximum Limit of Three at Any Single Time

Don’t Trade Stocks That Have No Heavy Liquidity

Trade According to the Trend

The Value of Timing

Trade the Body and not the Head of the Price Move

Always Keep Track Of Your Emotions

Learn the Value of Being Consistent and Disciplined

Reality as Opposed to One’s Belief

A Trade is Born out of Positive Expectation that is Backed by a Positive Trend

Bread and Butter Money must be for Bread and Butter Alone

Be Contrarian in Your Thinking and Not When You Go Trading

Be Patient When You Find a Trade But Not When You Cut Losses

Emotions versus F&O Trading

The Value of Moderation in F&O Trading

Having a Profit Then Going Out With a Loss

When You Average a Loss in a Futures Position, You Are Simply Burning Money!

Avoid Watching TV!

The Unique Personality of Stock Futures and Options

Getting Different Results Mean Doing Things Differently

Trading Options

Time Frame

Buy Options in Low Cost/Premium

Buy Options When a Stock, a Sector or the Market is Trending Very Strongly

The Reality after Waking up from a Dream

Open Interest – How Real Can It Be

Understanding if the Option Price is Right

So What is the Real Deal on Options

Understanding How Options Really Work

Calls and Puts

Long and Short

European and American Options

Some Terminology

Futures or Options?


Balkrishna M. Sadekar
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