In the past, back as far as ancient China's rice markets, people have
been analyzing how price, volume, and time interact to help guide their
financial decisions.
Whether they settled on using trend lines or chicken entrails, Elliott
waves or the distribution of tea leaves, their approaches were designed
to help them predict the future.
"Predicting the market is a fool's errand," noted Peter Pham, author of The
Big Trade: Simple Strategies for Maximum Market Returns, dispelling
the myth that markets are predictive, saying that our brains are trained
to look for a data set that distinctly stands out from the rest of the
data.
Pham, a rated broker in Asiamoney’s 2012 Broker Poll of fund
managers, recommends designing your own trading system like a painter
beginning with a blank canvas, as opposed to using charts filled with
myriad indicators and lines defining what had happened in the past—often
sending mixed messages for our brains to process.
The Big Trade, published by Wiley provides:
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Powerful analytical techniques that go beyond traditional price
analysis to focus on price trend probabilities across an array of time
intervals
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Proven strategies for trading success adapted from trading legends,
such as Toby Crabel and Victor Niederhoffer
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Keen insights into human behavior and pattern recognition and how to
translate that knowledge to stock trading success.
The Big Trade is an engaging account of personal experience,
revealing many valuable lessons for trading success. It is a must-have
guide for traders and investors of all styles and levels of
experience—from novice day traders to seasoned institutional investors.
This book is now available at all leading bookstores and online book
retailers. For more information, go to:www.wiley.com/buy/9781118498958.
