The Art of Trend Trading: Animal Spirits and Your Path to Profits

Look inward for the missing piece to your trading strategy

The Art of Trend Trading bucks the trend of hardcore fundamentals to show you how blending instinct and strategy is the longtime secret successful investors don′t talk about. Legendary trader Michael Parness reveals the psychological edge missing from too many trading strategies solely focused on technical indicators. By using animal spirits as a metaphor and tool, he shows you how some traders′ natural tendencies may run counter to their strategies, and how this dichotomy may be the shackle holding them back from maximizing their take of the markets. Start developing your own market instinct right away by following Michael′s coveted guidance for tapping into your natural intuition. To facilitate your transformation, you will:

Discover the actual methods Michael used to turn himself into a millionaire with roughly $33,000 Customize a trading approach based on your own strengths and weaknesses Take action steps to develop your instinct as part of your strategy Hear from real–world traders drawing consistent money from the markets

Use The Art of Trend Trading to acquire wealth like an animal.

Preface

Chapter 1: Wishing You a Slow Rise

Setting Goals

1 Percent a Day Keeps the Ka–Chingos Comin !

Don t Be in Such a Rush to Lose Your Money

Chapter 2: Bear with Me

The Achilles Have It

Identifying Your Achilles Heel

Chapter 3: Breakout City and Riding the Horse to Gains

The 10 A.M. Intraday Break

The Play

The Technical Breakout

The 52–Week High Breakout

Buy Low and Sell High?

The All–Time High Blue Skies Breakout

Chapter 4: Power Trading

Be You Be Powerful!

Intraday Primer

Timeframes

9:30 10:00 A.M. Gaps

10:00 1:00 P.M., 10 A.M. Rule In Effect

1:00 2:30 P.M. Lunchtime Lull / Reversal

2:30 3:20 P.M. Post–Lunch Activity

3:20 3:40 P.M. Afternoon Lull

3:40 4:00 P.M. Market on Close / End of Day

8:00 A.M. to 9:30 A.M./4:00 P.M. to 8:00 P.M. After–Hours, News Rules!

Time Frame Examples

News Trader

Swing Trades

Gap Me Baby

Laggards

Market Close

After Hours

Chapter 5: $12,500 to $3.8 Million

Bull, Bear I Don t Care!

Chapter 6: Options (Pretty) Basic Primer

What Are Options?

Underlying Assets

Rights and Obligations

Weekly Options

Option Strategies Introduction

Spreads

Chapter 7: Trading Options

Speculative Options Trading

Chapter 8: Trading Gaps Animal Spirit Guide (Stalking, Leopard)

What Are Gaps?

Planning Your Gap Trade

Daily Gap Goals!

Objectives

News/News/News

Come Out, Come Out, Wherever You Are Mr. Gap!

Order Flow

Managing Risk

Know When to Hold Em or Fold Em

Believe!

Gap Ups

Chapter 9: My Favorite Animal Spirits

Gap Fades

Earnings Runs

Earnings Straddles

FOMC Fades

10:00 a.m. Rule Plays

Chapter 10: Trading Gaps Using Technical Analysis

Reversal Bars

Doji

When to Enter

Reversal Bars

The OOPS Entry

Gap and Goooooooooooooooooo!!!

Exit Strategies

Taking Profits

Know When to Fold Em

10:00 A.M. Stop Rule

Gaining an Edge

Chapter 11: News Rules!   Trading News

Laggard News

Guidelines for Trading News

News Stories

Potential News

Chapter 12: Trading Laggards

What is a Laggard?

If It Looks Like a Laggard, and It Smells Like One

Watchlists

Sectors

News and Laggards

Chapter 13: Trends Are Your Friends

Stick with the Trend!

Window Dressing

Timing the Trade

Managing Risk

Earnings Runners

Timing the Trend

Managing Risk

The Historical Perspective

FOMC Runs

Timing the Trade

The January Effect

Chapter 14: Finding Your Own Animal Spirit

Next Steps

Choices

Laws of Attraction

Are You a Leopard?

Chapter 15: Zen and the Art of Rich

Society

Control

Money

Cockroaches

Integrity

Zen

Chapter 16: What Animal Spirit Are You?

About the Author

Index

Michael Parness is Chief Trader and Educator at Affinity Trading and CEO of World Series of Trading, the world′s first Fantasy Sports for Stocks educational platform. He has been featured as an expert on CNBC, FOX News, CNN, Reuters, Bloomberg, and many other programs, and his rags–to–riches life story was optioned by actor and director Dustin Hoffman. He has also been honored at the United Nations for his charity work with abused children, and his best??selling book, Rule The Freakin′ Markets!, has provided thousands of individual inves??tors with practical trading tips for reading the markets and trading with confidence without the help of brokers or analysts. He is the proud father of two beautiful daughters, Emma Grace and Joelle.