Trading With Confluence

A Risk-Based Approach to Trading Equity Index Futures

by Michael Toma, CRM

Trading With Confluence
Pinterest

Trading With Confluence

A Risk-Based Approach to Trading Equity Index Futures

by Michael Toma, CRM

Published Feb 27, 2010
283 Pages
Genre: BUSINESS & ECONOMICS / Accounting / Financial



 

Book Details

Ready-To-Use Strategies for the Novice Trader

No one ever plans on losing in trading, especially when it looks so easy. There is so much information available to traders today, but the fact remains that 90% of all traders lose money or quit the business. ‘Trading With Confluence’ takes a different approach to grooming the new and intermediate trader by managing risk. This risk-based approach allows for the trader to have a winning edge on each trade and to assure proper management of their overall trading business.

The author takes the average trader by the hand and helps them develop their personalized trading plan and risk assessment. Then you will learn how to use your trade journal information to perform your own self-assessment, allowing you to improve your trading results. The book contains actual trade setup opportunities using the e-mini futures and sample templates to help guide you towards success. It’s like having your own coach at your fingertips!

Additional topics include:

The importance of managing risk and how to identify high probability opportunities.


· The 'Big 4 and Little 3'


· The 7 key elements to trading success.


· Step-by-step instruction on how to setup your trading business.


· How to create your trading plan and trade journal.


· Learn how to measure and assess your trading activity like a professional risk manager.


· Development of key performance indicators allowing you to monitor your success and identify areas of improvement.


· Learning the 'graduation plan' method of managing your trading capital.


· Explanation of high probability setups to use immediately.


· Specific tips on how to overcome the demons of trading psychology.


· A chapter on the realities of trading and how to minimize mistakes.


· Characteristics of a successful trading coach and how to select the right one for you.

 

About the Author

Michael Toma, CRM

Michael Toma, CRM is Managing Partner and Director of Risk Management at TWC Futures Group. Mike began his professional trading career in 1998 trading equities and equity options and now consults traders throughout the world on how to improve their results using his risk-based methodology. Mike is a Certified Risk Manager and in addition to his trading and consulting, provides corporate risk solutions for the insurance and financial sectors.