SIRE TUG iContents
‘A Look at the Current Reality of Trading
Understanding the Markets
Chaos Theory: A New Paradigm for Trading
Be Ne
Defining Your Underlying Structure—and
How That Affects Winning and Losing
5 Navigating the Markets: The Need for Good Maps
6 Level One: Novice Trader
7 Level Two: The Advanced Beginner
8 Using Fractals and Leverage
9 Level Three: The Competent Trader
10 Profitunity Trading Partner
11 Level Four: The Proficient Trader
12 Level Five: The Expert Trader
Bibliography
About the Author
Index
xv
20
32
49
62
75
101
133
1521
A Look at the Current
Reality of Trading
The beginning is the most important part of the work.
Plato
GOAL: TO UNDERSTAND THE AVERAGE TRADER’S
‘VIEW AND EXPERIENCE OF THE MARKET
The market is not your problem. Your problem is that you see
the market as your problem.
Once upon a time, people got together, swapped things,
and traded. The trading of goods wasn’t something they ana-
lyzed or fussed and fretted over; it was just something they did
along with planting seeds in the spring, harvesting crops in the
fall, and then trading with their neighbors for wild game, tools,
or other necessities. If they had a trading problem, they sought
advice from their parents and grandparents, great uncles, older
brothers, and other people who were successful traders. In the
past, these were the experts, and the practical advice they gave
was based on real-life experiences.
Then came the sophistication of the second half of the 20th
century. After World War IL, there arose an entirely different
class of traders: trading experts—the ones with degrees, great