A detailed 10-stage roadmap for investors to achieve stock market mastery with their own consistently profitable, high-probability investment system Tensile Trading provides a complete, step-by-step roadmap for investors of all levels, and coaches them on how best to organize the routines and strategies necessary to identify the market's strongest trading opportunities. History is proof that true mastery of the market begins with basic money management protocols, asset protection policies, and organized analysis techniques. With these crucial foundations in place, you can embrace a proven investment methodology, execute an effective trading plan, and develop a reliable system for profitable investing. Consistent, long-run investing success is a result of well-defined goals, carefully-constructed routines and an accurate understanding of the psychological challenges that all investors face. * Set yourself up for success by implementing prudent money management and asset protection strategies * Build a personalized Asset Allocation Profile your own personalized investment methodology * Construct a properly diversified portfolio using tools and techniques tailored for the modern market * Learn to take control of your "Investor Self," limiting the impact of mental hurdles and emotional baggage * Supercharge your financial analysis by employing proven routines and strategies A clear and proven approach easily tailored to fit your specific investing style, Tensile Trading distills the vastness of the financial markets into ten essential stages. It is designed to provide a comprehensive structure to your financial management efforts helping you make smarter investment decisions, trade more efficiently, and consistently earn greater returns.
Preface xi Acknowledgments xvii About the Authors xxi Stage 1 Money Management 1 Crafting Your Money Management Plan 5 Becoming a Successful Investor 9 The Importance of Asset Allocation 11 Constructing Your Personal Asset Allocation Profile 15 X-Ray Magic 24 Allocation Maintenance 24 Stage 2 The Business of Investing 29 Ten Invaluable Investing Lessons 29 Staying Committed on the Road 36 The Investor s Quad 36 Stage 3 The Investor Self 39 The Five Levels of Investor Growth 40 Investor Weaknesses 42 Learn from the Professionals 46 Your Daily Journal 47 Stage 4 Market Analysis 53 Permission to Buy 54 Telescope-to-Microscope Approach 55 Charting Indicators 56 Organizing Your Analysis 60 Common Misunderstandings 62 The Market Stages and Technical Analysis 64 Fundamentals Checklist for Stocks 67 Fifty versus Fifty 68 Stage 5 Routines 71 Choosing Your Time Frame 72 From Salesmen to Stock Traders 74 Personal Peak Performance 75 Daily, Weekly, Monthly, Annually 76 A Day in the Life 79 Stage 6 Stalking Your Trade 87 Where to Look 88 What to Look For 88 How to Look 89 When to Look 89 Filters 91 Human Nature and Overhead Supply 96 Second-Opinion Resources 98 The Sisters Strategy Revisited 98 Mimic Wall Street s Masters 99 The Base-Hit Investor 101 Stage 7 Buying 103 BATTLE V Methodology 106 Pyramid Trading 106 The Language of the Market 108 Buy Routines 109 Considering Alternatives 111 Perfection Paralysis 111 Commission-Free Mind-Set 112 Invest Like You Drive 113 It s All about Stress Control 114 Stage 8 Monitoring 117 You Bought It Now What? 118 Revisiting the Investor Self 119 Market Monitoring 120 Adjusting Stops 121 Tools, Routines, and Charts 123 Fundamentals 126 Allocation Updates 127 What Is Your Motivation? 129 Stage 9 Selling 131 Sell on Technicals, Not Fundamentals 133 The Art of Selling 135 Developing Your Selling System 138 Mutual Fund Sell Signals 146 Selling with the Sisters 148 Sell-Side Pyramid Trading 149 The Endowment Effect 149 The Investor s Trail 150 Stage 10 Revisit, Retune, Refine 153 Cleanse and Move Forward 154 Personal Data Mining 164 The Investor s Big Three 165 Thoughts on Transformation 167 About the Website 171 Index 173
