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    Know Your Odds Before You Trade
    Know Your Odds Before You Trade
    Know Your Odds Before You Trade
    Ebook51 pages59 minutes

    Know Your Odds Before You Trade

    By Lawrence Chan

    3.5/5

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    About this ebook

    Most people start trading or investing their own money with less than best effort. Retail traders ill-prepared like that are destined to fail. In Know Your Odds Before You Trade, a trading veteran walks you through various aspects in retail trading, giving you a better chance at beating the odds to consistent profitability.

    LanguageEnglish
    PublisherLawrence Chan
    Release dateApr 14, 2012
    ISBN9780988039902
    Know Your Odds Before You Trade
    Author

    Lawrence Chan

    I am a trader and researcher in financial technologies for well over 20 years.My research in market breadth analysis is incorporated into the trading platform NeoTicker from TickQuest Inc. I currently hold the position of chief software designer of NeoTicker at TickQuest.I have numerous articles and trading models published in trading related magazines like Futures, Technical Analysis of Stocks and Commodities, etc.I have started a long term project to summarize my research results and have them organized and published.

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      Book preview

      Know Your Odds Before You Trade - Lawrence Chan

      Know Your Odds Before You Trade

      By Lawrence Chan

      Second Edition, April 2012

      Copyright Lawrence Chan 2010-2012

      Smashwords Edition License Notes:

      Permission is given to copy, distribute, repost, reprint, and share this free eBook provided it is presented in its entirety without alteration and the reader is not charged to access it.

      Also by Lawrence Chan, available now and soon at ebook retailers everywhere:

      Special Theory of Price Discovery

      Market Bias Detective: S&P 500 Daytrading Time Map Vol. 1 & 2

      Market Bias Detective: ForexDaytrading Time Map Vol. 1

      Market Bias Observer Newsletter

      ~~~~

      Disclaimer

      Limit of Liability / Disclaimer of Warranty: While the author and the publisher have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

      CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

      ~~~~

      Preface

      Second Edition

      Many readers who read the first edition of this book told me that they recommended this book to their friends and loved ones either troubled by trading, or interested in trying out their hands on trading. Many of these individuals have no clue of what they are getting into. Somehow my way in relating the subject gets the message through to these individuals even though prior attempts by others have not produced results. I am told that positive changes happened to many of them. If you find it difficult to discuss the issues raised by this book with someone you care about, you can recommend this book to them. Sometimes it is easier for a stranger to bring the bad news.

      Lawrence Chan

      Toronto,

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