The Trading Diary

Many traders would like to have the opportunity of looking over the shoulders of the professionals as they trade. Now, for the first time, Thomas Vittner, in his trading manual, offers you the possibility of being there »live« during his trading sessions. To this end, he painstakingly recorded his day-to-day trading over the course of a number of weeks. How does this top trader prepare himself for the current trading day? How does he react to quarterly results and to important decisions, such as those of the central banks? With reference to his trades, Vittner demonstrates the role of classic trading instruments such as stops, ratios and indicators and compares different strategies objectively on the basis of their results. Not only does the author enable you to take a look through the keyhole but he also provides practical tips, explains the theory behind his transactions and shows what and how you, as a trader, can learn from failures. Furthermore, you'll learn whether or not a good strategy really does work in all markets or which ratios traders pay attention to. Moreover, it's just as important for you to know about how position sizing or stock selection affect a trading system, the significance of the compounding effect, or how brokerage fees that are too high can lead a trader to ruin. Together with Thomas Vittner, learn how the markets work. In this way, you'll see your trading from a completely new point of view, in future. The motto is knowledge instead of belief because those who know nothing have to believe everything. Experience close up and at first hand what stock market trading is really about. A book that truly shows trading in practice.