William L. Chan holds a Master Degree in System Science. He became a full-time day trader after retiring from the IT industry. Prior to retirement, his career spanned from software developer to IT development manager in and out of Wall Street firms. On the side, Bill practiced technical analysis since the 1980’s. As program trading was introduced to the financial markets, he observed those changes through the lens of technical analysis. He is blessed to possess the mechanical engineering background while conducting technical analysis. It is his programming skills that led Bill to gain in-depth insight into program trading. On top of it, his Wall Street IT experiences added a new dimension to his observation. In his spare time, Bill enjoys fishing, gardening, landscaping and book reading.
Profit Opportunities That Lie Hidden in Your Stock Charts
A Risk Management Approach to Technical Analysis for Generating Consistent Profits in the Stock Market
by William L. Chan
Profit Opportunities That Lie Hidden in Your Stock Charts
A Risk Management Approach to Technical Analysis for Generating Consistent Profits in the Stock Market
by William L. Chan
Published Oct 27, 2021
96 Pages
Genre: BUSINESS & ECONOMICS / Personal Finance / Investing
Book Details
A Risk Management Approach to Conducting Technical Analysis
This book brings forth a charting style leveraging essential technical studies/indicators to derive comprehensive analyses that can readily be deployed for trading with more promising results. It describes a strategy factoring the effects of the new computerized trading. This vindicates why a paradigm shift is necessary for private investors since older techniques can’t no longer adequately explain today’s volatile market behaviors. A price chart is full of traps that chartists can fall into. This book clarifies what those risks are and how to deal with them through analysis. It accomplishes this objective with the use of live stock charts, through the lens of the analysis, to show the clear evidence of these new stock market concepts and tools at work. In addition, the book provides detailed explanations on the subtle and yet important changes that are of significance to main street investors. Employing live data charts with proper analyses, one can efficiently reveal the potential risks at the point of initiating his/her trades with confidence while steering them away from the undetected hazards in order to maximize profits. This is how the finished analysis can achieve an effective risk management goal. Integrating such strategy with risk management can offer traders higher reward trades - leading to investment successes over the long run.