Read The 1 Hour Trade Make Money With One Simple Strategy One Hour Daily Langham Trading Brian P Anderson 9781503095939 Books
Download As PDF : The 1 Hour Trade Make Money With One Simple Strategy One Hour Daily Langham Trading Brian P Anderson 9781503095939 Books
How to Generate an Income, or Grow Your Account Balance - Trading as Little as 1 Hour Daily
Is the market beating you up? Do you feel like you're taking one step forward, 2 steps back with your investment income? Would you like a proven, step-by-step strategy for generating consistent trading profits?
Trading is one of the few ways to realistically create your own "Rags to Riches" Story. But it's not a get rich quick strategy that will get you there. The secret is to adopt a laser beam focus on ONE specific strategy until you've mastered it.
In "The 1 Hour Trade," you'll get a detailed, step-by-step blueprint that works. Unlike other trading books giving you investment theory, you'll be taught a successful strategy in its entirety, including the specific scanning parameters for locating the trades, the exact analysis decisions you'll need to qualify the trade, and the specific steps to take to execute the trade and come out with a profit.
This Book Is Not a "Black Box" Automated Trading System
You will need to use your brain, and work hard practicing the analysis process in order to be successful.
But if you follow the strategy, and maintain discipline & patience, the setup taught in this book will make you a better, profitable trader.
"The 1 Hour Trade" details a short term investment system for getting into stocks making big price gains. The best part? It can be done in as little as an hour after the market opens each morning.
You'll learn how to
- Scan in real time for stocks poised for huge intraday gains
- Analyze chart history to identify whether a setup is likely to succeed or not
- Identify areas that allow for optimal exits in order to maximize profit
- "Listen" to what the price action and volume are saying about what's likely to unfold
Read The 1 Hour Trade Make Money With One Simple Strategy One Hour Daily Langham Trading Brian P Anderson 9781503095939 Books
"Being new to investing in the stock market, I tried the approach I'd like to think most people do. Get overeager on large gains, buy and sell whimsically at a loss and occasionally get lucky.
After growing tired of my account looking like a heartbeat pattern, I decided to skip the penny stocks and switch over to longer-term swing trades. It worked well for a couple of months and was a lot less stressful which was nice.
While my account was consistently growing, the gains weren't substantial enough for me, I needed that penny stock volatility.
So I decided to get back into the game, but first I decided to educate myself and find a set game plan and rules to adhere to. I went out and bought twelve day trading books from Amazon and elsewhere. While I've only gotten through 4 of them so far, this was the first one that was neatly laid out in a very clear and concise manner entailing the scanner setup, entry point, order type, stop losses and exit points with some bonus information on things, such as volume.
Since I have begun this trading technique last week, all of my 3 trades were successful with a profit realization of 12% or greater per trade.
I highly recommend this book."
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The 1 Hour Trade Make Money With One Simple Strategy One Hour Daily Langham Trading Brian P Anderson 9781503095939 Books Reviews :
The 1 Hour Trade Make Money With One Simple Strategy One Hour Daily Langham Trading Brian P Anderson 9781503095939 Books Reviews
- Being new to investing in the stock market, I tried the approach I'd like to think most people do. Get overeager on large gains, buy and sell whimsically at a loss and occasionally get lucky.
After growing tired of my account looking like a heartbeat pattern, I decided to skip the penny stocks and switch over to longer-term swing trades. It worked well for a couple of months and was a lot less stressful which was nice.
While my account was consistently growing, the gains weren't substantial enough for me, I needed that penny stock volatility.
So I decided to get back into the game, but first I decided to educate myself and find a set game plan and rules to adhere to. I went out and bought twelve day trading books from and elsewhere. While I've only gotten through 4 of them so far, this was the first one that was neatly laid out in a very clear and concise manner entailing the scanner setup, entry point, order type, stop losses and exit points with some bonus information on things, such as volume.
Since I have begun this trading technique last week, all of my 3 trades were successful with a profit realization of 12% or greater per trade.
I highly recommend this book. - As other reviewers have stated, this book is concise and more importantly, in my mind, actionable. I have tried various trading strategies, but what I like about this one is that the time horizon is slightly longer. Perhaps hours instead of minutes. As a relatively new day trader, keeping my emotions in check is the hardest part. With this particular startegy, knowing the trade may take a little while to unfold is a feature, in my humble opinion. You're essentially looking for home run wins. But the way the trade is laid out makes it methodical and puts risk management at the forefront.
The author is also resposive to any questions, as he states in the book, which is a big plus.
I will post an update at some point in the distant future once I see how this strategy works out for me long term. - Managing risk when trying to identify runners is incredibly important. I've learned that the hard way and its something you hear every day trader talk about numerous times. When lots of volume comes into any stock, price swings can be vicious. If you can identify a steady uptrend and set your stop loss, you may have a winner, but profit taking can happen at any time pulling it down. Once the pattern becomes an uncertainty, its incredibly risky staying in it - so calculate your acceptable risk.
Most traders seem to pick risking 1/3 of their potential (calculated) exit, so if you are hoping to make 60 cents on a share, maybe your stop loss (or trailing stop) is set to 20c from buy-in. Setting a trailing stop as it gaps up can keep you in the area where you're absolutely making money, rather than gambling on a "I hope it recovers!"
He talks through setting up a scanner which is great, however he identifies one field as being 30x volume(?) I've read this area a couple times wondering if I got it wrong, because outside of the sub $1.00 stock area, I don't watch anything that hits 30x volume, to even see 200% volume is incredible - so I wonder if this was supposed to be 130% (30% increase) in volume?
This book keeps it simple, there are tremendous amounts of nuances and candlestick reading stuff that is not of course covered in depth, but that is all specified up front. If you want the simple rules this book is IT. If you want to go deeper on a sub-topic, go for it! In order to avoid getting lost in the noise, its important to start with the barebones basics. Manage risk, identify clear uptrends based on absolute volume (and how much of that is sell), set an entry and exit point and always manage risk. I've seen and been in stocks that have been pulled viciously down, and I've had to learn to stop touching them throughout the day once they burn you. Its easy to be clouded by belief and hope rather than seeing facts. Some successful traders actually recommend meditation to improve clarity of thought. Anyhow, I recommend this title to start with the basic laws, and how-to of trading. And yes, a lot of the time market movers happen in the first 30-120 minutes - or set your T-stop and walk away -) - I found this book when I was struggling with day trading momentum stocks, struggling particularly because I had trouble deciding on entries when something was moving quickly, judging whether momo would hold, etc. During that time (last fall), I purchased a number of "simple" trading books on . A lot, as other reviewers note, were pretty bad, but I think it's good to learn as much as you can about different approaches, indicators, styles of trading, setups, etc and see what works best for you, what makes sense. Brian's book was very helpful to me because it focuses on one setup and mastering that, which I think calmed me and helped me realize you could just focus on a few things instead of chasing or trying to chase what others follow in various chats (which I was not very good at). The only issue I had with the setup was that the broker I use doesn't have a scanner that fits the parameters for this setup so configuring that took some adjustments. I was in Brian's chat for a while, and he's very helpful, comments on things people are seeing in the market, group seems to be a good one. Another reviewer noted that not a lot of setups came up that fit the book, and I think that's probably true, but if you can find something that has high expectancy overall, you can still make a good bit of money trading it, and then add to your arsenal as you grow as a trader. The book is also written clearly and helpfully, not a lot of fluff. He also has charts online you can reference in connection with the book - those are helpful as well.
