What Really Matters in Trading

Each part of Trading Rules that Work builds on the others, and it is wise to start at the beginning and read the whole book through front-to-back before going into any one part more deeply.

Part 1. Getting in the Game: Let's face it: You can't win a game unless you know the rules to the game before you start playing it. The first section of the book shows you clearly the true nature of the market environment so you can begin from a solid understanding of how the game is played.

Part 2. Cutting Losses: Regardless of your sophistication or experience in the markets you can't really succeed until you master the skill of getting out when you are on the wrong side. No trader will master this game if he can't look himself square in the eye and say, "I am wrong. This won't work. I am getting out and finding another opportunity."

Part 3. Letting Profits Run: The opposite and equally needed skill of holding winners is critical to lasting trade success. Most traders cut winners and hold losers. In this section I show you how to change this basic error to the proper function of holding winners, in addition to cutting losers.

Part 4. Trader Maxims: In this section I show you the underlying psychology and common sense of such maxims as "don't trade the news" or "don't take tips." In truth, the only two skills you need to make your fortune are the ability to cut losses and hold winners. "Trader Maxims" gives you more detail on how to do exactly that.

I've made the language of the book very basic and to-the-point. Most readers have told me that they like the straight-shooting, no-punches-pulled style of the material. In my experience, the ability to communicate the basics well and add additional detail when needed is important, and with Trading Rules that Work I've done that.

Please consider me a friend in the business. If you feel like offering some critical feedback, feel free to do so. My editor and I are working on more material to be published soon, and your suggestions are always welcome.

To reach Jason Alan Jankovsky for any media purposes, please contact his publicist Kristina Vasilakis at [e-mail].

 

                                                                                                                                                                                                                                                                                                                                                                                  1 What would best describe your stance heading into the coming week of trading?                                  Bullish Bearish Neutral         2 Which of these sectors do you think is set to move up in the coming week?                                 --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities         3 Which of these sectors do you think is set to move down in the coming week?                                 --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities                                              View the results without voting              Â