Overview
Rules for successful trading, direct from the traders who practice them every day
Even with today's high-speed computers, online accounts, and information access, traders still live or die based on their abilities to control fear, greed, and emotion. The Market Is Always Right gives traders battle-proven advice for avoiding common trading setbacks by understanding human natureboth their own and others'and directing it toward profitable outcomes.
Distilling the wisdom of hundreds of traders, this proactive book starts with 10 overriding rulesfor example, "Evaluate your performance"and then lists the subrules within each, such as "Qualify and quantify your trading pattern." Other examples include:
- Never chase trades
- Watch the opendon't trade it
- When in doubt, get out
Thomas McCafferty is COO of Market Wise Securities and has been involved in the securities industry for nearly three decades. A registered stockbroker and options principal, McCafferty has written a number of books on trading, including All About Commodities.