Bonuses from Dating the Stock Market

BONUS 1 – Daily Break from Consolidation Trading Plan

A trading plan acts as a guide to how you are going to interact with the markets. In this bonus, an example of how a trading plan can be written is provided. It gives a working example of a trading plan as was discussed on page 121 in Section 9.3 “Your Trading Plan” of Dating the Stock Market. From the information presented in this trading plan, a trader should be able to devise a way to enter the market which will give them an edge and write their own plan around this edge. Bonus #1 - get your trading plan here.

BONUS 2 – 12+ Reasons Why Backtesting Cannot Work and Why You Need to do it

Backtesting is used to quantify how good your edge is. Backtesting reviews historical data and uses the written software code to buy and sell stocks according to your trading plan. It is a quick way to differentiate between a good and a poor system. Once you understand that your edge is valid, you can start to trade it with a small amount of capital. As you go forward, you can compare your results to how the computer would play the same set up and see how well you are handling live trading. This presentation outlines many of the issues with backtesting yet still recommends doing it. Find out why backtesting does not work and yet you still need to do it.

BONUS 3 – Benefits and Disadvantages of Weekly Trading Strategies

Whether you work full time during the trading day, find yourself too busy during the day or don’t have the patience to watch the computer screen you may find trading using weekly charts just what you are looking for. Weekly charts provide a way to trade on a longer-term timescale and still carry on your day-to-day business. When I trade using weekly charts, I typically do the analysis on the weekend and enter my trades using bracket orders on Monday morning. Monitoring and adjusting my trades typically take between 0 to 30 minutes per day. How can weekly trading strategies help you?

Testimonial

“As an expert in the field of investing in Real Estate I attribute my success to a change of mindset and beliefs which I now teach to my students. As a student of Real Estate Investing I have witnessed first hand how Mark has changed his mindset and beliefs about real estate and how he is now applying these lessons to his own area of personal expertise, the stock market. Dating the Stock Market is an educational source for traders who want to identify ways they can make changes to their mindset which can help them become better traders.”

Ken Beaton- President ARCA Real Estate Investments Inc., Broker, EXP Realty of Canada Inc.

In the published book, the first Table (Table 1.1) was uploaded incorrectly. The table has been reproduced below.

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