PDF ñ An End to the Bull: Cut Through the Noise to Develop a Sustainable Trading Career ⚸ eBook or Kindle ePUB free

PDF ⚣ An End to the Bull: Cut Through the Noise to Develop a Sustainable Trading Career ⛏ Go beyond technical analysis tools with this comprehensive look at trading analysis Strategies for successful trading analysis for all markets are out there, but they re not often found in books for the general public So what are the secrets that professional traders know, but aren t willing to share An End to the Bull Cut Through the noise to Develop A Sustainable Trading Career is a robust, honest resource that presents an alternative approach to the markets, combining traditional technical tools with fundamental analysis, behavioral finance, and other key concepts to enrich readers trading knowledge The author s comprehensive, educated look at the topic fills a huge need in the trading community, and is ideal both for novices and experienced tradersIn An End to the Bull, Norden suggests that total reliance on traditional technical analysis can lead to failure, and has ended in disappointment for many The book offers up a unique approach for anyone looking to establish a sustainable trading career based on a combination of the most tried and true methods While it focuses especially on trading in Australia, the book is a useful resource for international traders at all levelsExplains why change is needed in trading analysis and presents a revolutionary approach used by successful professional traders Shares the core techniques and strategies to build knowledge and establish a business minded attitude Discusses advanced ideas crucial for all traders, including understanding volatility and the typical flaws of behavioral finance Gives solid advice for traders anywhere in the world An End to the Bull takes the mystery out of trading analysis and puts the power to navigating markets into the hands of readers Very refreshing book about trading and the finance industry in general, it s especially useful if you are a Retail Trader but has something for everyone regardless of their level The book is composed of 3 parts The first part the author explains why there is a need for change in the industry and how he views a sector of the financial world as the financial junk food industry i.e the advice and techniques given out by so called experts may be quick and convenient to digest but in the long Very refreshing book about trading and the finance industry in general, it s especially useful if you are a Retail Trader but has something for everyone regardless of their level The book is composed of 3 parts The first part the author explains why there is a need for change in the industry and how he views a sector of the financial world as the financial junk food industry i.e the advice and techniques given out by so called experts may be quick and convenient to digest but in the long run are not going to do you any good.The first chapter begins by identifying some of the major participants in the industry and the role they play From brokers and analysts to traders, and how the industry is essentially split into 2 camps the buy side and the sell side , with each having different motivations As a retail trader, you ll be targeted by the sell side and that can influence the decisions you make As someone who has not worked in this sector of the financial industry being made aware of these participants and their goals really changed how I now view the industry, and in particular the mainstream finance media There are a large varied number of subjects concepts covered in the book, including trader psychology He discusses how as humans we have a desire for shortcuts, that again, in the end will usually just be a shortcut to failure The author doesn t believe in technical analysis and encourages the reader to ditch it as he believes it won t help in your decision making He debunks a lot of myths held in the industry and covers why he holds TA in such low esteem in his previous book Technical Analysis and the Active Trader.In part 2, the attention switches from focussing on the industry and the need for change as to what is required from the trader to give them the best chances of success The chapter about the importance of building up your knowledge base I found useful The author argues whilst a broad knowledge base is required, as a trader you should also be a specialist in your chosen market I view this as Jack of all trades, master of one The emphasis on good Watchlists, at both macro and micro levels is also stressed, as well as the importance of including positively and inversely correlated markets He explains how Watchlists help to build context and to understand the big picture I have found since implementing my macro Watchlist that my understanding and interpretation of what s going on in the world has greatly improved The key takeaway for me was that it s going to take hard work to build up the knowledge, but over time it does get easier In that regard I see this as no different to any other endeavour in life, where the fact is to become successful, you have to be prepared to put in the work One of the goals of the book is to try to get you to look at the information available for what it is, and to make good decisions based on the information at hand Essentially distinguishing information from noise , and he goes through several examples showing how to do this Since reading the book I ve cut out following a lot of noise that s available 24 7 and now try to just focus on the raw data rather than somebody else s interpretation of it The third part of the book goes intoadvanced concepts Concepts such as pricing in, probability, volatility and also reflexivity in markets are covered He explains them in a manner that is understandable These concepts are not covered in great depth, as that would be a book in themselves but there is value in the chapters, particularly if you ve never come across these ideas before There are chapters about how the Pro s trade, which isakin to being like a Bookmaker rather than a Punter Order Flow trading is covered as well, and the elements required to be a successful flow trader, such as cutting losses quickly is also discussed If you trade primarily off charts then this may be an area that you didn t know existed and it will most likely change the way you trade think about trading forever.Some of the books he references will now be on my reading list, in particular the books by Daniel Kahneman and Nassim Taleb.The author tells it how it really is, and when you look at his CV and industry experience then this is someone you really should listen to If you re looking for a how to system to follow then you won t find it here, this is a book about the real world and not just someones theories about how to beat the market You will find some uncomfortable truths and realisations that to have a long and sustainable trading career you ll have to put in the hard work, and most importantly, learn to think for yourself based on the information that is 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