Trade to Win - Hardcover

by Thomas L. Busby (Author), Patsy Busby Dow (Author)

Divided into three comprehensive parts, Trade to Win explains the fundamental elements of author Thomas Busby's proven trading approach-which deals with the significance and use of time, key numbers, and market indicators. Along the way, you'll find strategies for trading stocks, options, futures, and other financial products, and go beyond the numbers to learn about a few of the often overlooked aspects of trading-including risk management, money management, and the impact of emotions on your trading.

Front Jacket

Trading to win is a mindset.

Those who succeed in the financial marketplace are the ones who expect to do so. They learn about the markets, they work at their craft, and, as markets and technologies change, they change with them.

Nobody understands this better than author Thomas Busby. Over the years, he has traded an array of products, including equities, futures, commodities, precious metals, ETFs, and options, and, in so doing, has developed some sensible moneymaking strategies. Now, with Trade to Win, you have the opportunity to learn from a professional trader who teaches from the experience of doing daily battle with the bulls and bears of today's financial markets.

Divided into three comprehensive parts, Trade to Win opens up by explaining the fundamental elements of Busby's trading approach. It deals with the significance and use of time, key numbers, and market indicators, and discusses how these elements of trading work together to help you properly "read the tape" and understand the language of the markets.

Part II moves on to detail specific trading strategies. Here, you'll find strategies for trading stocks, options, futures, and other financial products. Some of the strategies outlined exploit market inefficiencies that are created as trading shifts from one major time zone to another, while others will allow you to profit from the interdependence among market sectors. Rounding out this in-depth look at making it in today's markets, Part III of Trade to Win goes beyond the numbers to address a few of the often overlooked aspects of this endeavor, including risk management, money management, and the impact of emotions on your trading.

If you're looking for a trading system for all markets, you won't find it here. In fact, you won't find it anywhere. Systems don't work because financial markets are always in a state of flux.

And it's not only prices that move, but also the general economy and the mindset of traders that change. The only way to be an effective trader over the long-term is to learn and adapt as things change. That's what thisbook is all about, and the information you findthroughout these pages will allow you toachieve this goal and improve your overalltrading consistency and profits in the process.

Back Jacket

Praise for Trade to Win

Tom's book Trade to Win brings discipline to the art of trading and teaches us how to block out the static and concentrate on what's important to be a successful trader. Anyone wanting to learn how to be a successful trader needs Tom's insight into futures strategies and market psychology to maneuver through today's markets.
--Norman Blake, Sr. Vice President, Stanford Financial Group

A good read for any investor. What I found most valuable was Tom's discussion of trade management. Post-trade decision making is critical for successful trading.
--Alex Jacobson, Education Officer at the International Securities Exchange (ISE)

In Tom Busby's newest book Trade to Win, Pearl of Wisdom #6 advises the trader 'Do not worry about the direction the market goes. Go with the market.' As a marginally successful stock trader for several years, I have painfully learned the frustration and difficulty of adhering to this seemingly simple, yet elusive rule. Tom's methods, classes, and books have helped me tame emotional trading and achieve much needed hope and success. This newest book in the DTI arsenal is another valuable chapter in my trading education and anyone seeking success in trading will profit from Mr. Busby's wisdom, experience, and trading discipline.
--Charlie Prince, President, Prince Marketing Inc.

This is a real hands-on for all new traders to gain knowledge of the life and psychology of veteran traders. It provides the skills needed to survive in today's volatile markets. I highly recommend this book.
--Fausto Pugliese, President, CyberTrading University

Author Biography

Thomas Busby (Mobile, AL) has been a professional trader and broker for 25 years, working with Merrill Lynch and Smith Barney. He is a member of both the Chicago Mercantile Exchange and the Chicago Board of Trade. Busby founded the Day Trading Institute in 1996 and it has grown into one of the most successful trading schools in the world. The school operates out of a 10,000 square foot facility and has trained more than 5,000 traders. One year after taking the DTI course, about 70 percent of the students are still trading, one of the highest success rates in the industry. After enormous success early in his career, Busby lost almost everything in the 1987 stock market crash. Following that experience, he developed a low-risk, short-term trading method, which consistently generates profits and is the basis of the Day Trading Institute curriculum.