Trading with Confluence: A Risk-Based Approach to Trading Equity Index Futures - Softcover

Michael Toma, CRM

Softcover

ISBN 10: 1432753223 ISBN 13: 9781432753221

Publisher: Outskirts Press, 2010

Synopsis

"Success is all about managing risk, not profits."

In Trading With Confluence, Michael Toma takes a unique risk-based approach to succeeding in trading futures. "The one single reason that separates success and failure in trading is the ability to focus on and assess risk", says Toma, who admits throughout the book that his risk management expertise, not his trading skills, propelled his success as a trader. The author provides all the information needed to succeed including his ten most profitable trading setups in an easy-to-understand format. The author also explains his unique methodology on how to self-assess your own trading performance by using key performance indicators specific to trading futures.

Additional topics in the book include:

-The importance of managing risk and how to identify high probability opportunities.
-The 'Big 4 and Little 3' - the 7 key elements to trading success.
-Step-by-step instruction on how to setup your trading business.
-How to create your trading plan and trade journal.
-Learn how to measure and assess your trading activity like a professional risk manager.
-Development of key performance indicators allowing you to monitor your success and identify areas of improvement.
-Learning the 'graduation plan' method of managing your trading capital.
-Explanation of high probability setups to use immediately.
-Specific tips on how to overcome the demons of trading psychology.
-A chapter on the realities of trading and how to minimize mistakes.
-Characteristics of a successful trading coach and how to select the right one for you.

Trading With Confluence provides trade setups you can use from the 1st day you start your trading business and will help reduce the learning curve time that most traders struggle through before becoming consistently profitable.

After spending several years as a corporate risk manager, Michael Toma takes the same risk principles used in his teaching of risk theory and combines it with his passion for trading into a no-nonsense yet intuitive understanding of why markets move through areas of 'confluence'. In Trading With Confluence, Toma provides the trader with all they need to know to trade e-mini futures by minimizing risk of capital. Packed with valuable trade setups, trading templates and platform charting tips, Trading With Confluence is a must read for the novice trader hungry for success trading the e-mini futures markets.

Edition details

• Publisher: Outskirts Press
• Publication date: 2010
• Language: English
• ISBN 10: 1432753223
• ISBN 13: 9781432753221
• Binding: Paperback
• Number of pages: 284