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Heikin Ashi Trader

How to Turn $ 5,000 into a Million

How to Turn $ 5,000 into a Million

Can you become a millionaire on the stock market? The question of how to grow a small account undoubtedly occupies every trader’s mind. How do you manage to make a fortune out of a small amount? And preferably really fast?

Just as it is possible to build a real estate empire without a dollar of equity, so it is also possible to achieve high profits on the stock market with a small amount of starting capital (USD 5000 or less).

In this book, Heikin Ashi Trader presents a stock market strategy that will help the trader to succeed in this endeavor. Above all, he explains that the factor of position size plays a much more decisive role in trading success than is commonly assumed. The right question is not: how often are you right or wrong, but how big is your position if you are right?

This method is just about finding the markets where a significant movement can be expected. And once he has identified one, the trader should build a big position in that market, so that he can fully benefit from this movement.

Table of Contents

Chapter 1: Can You Become A Millionaire On The Stock Market?

Chapter 2: Trade with the market's money, not with your own!

Chapter 3: Learning from the Grand Master of Speculators

Chapter 4: Scaling in — Scaling out

Chapter 5: Should You Use Stops?

Chapter 6: What do you do if the market is going in the wrong direction?

Chapter 7: Go Global Macro

Chapter 8: Look at the “Big Picture”

Chapter 9: Look for a catalyst

Chapter 10: Mistakes to Learn From

Chapter 11: Success with cotton

Chapter 12: My ruble trade

Chapter 13: Thanks to Presidents Erdogan and Trump!

Chapter 14: Speculating with stocks

Chapter 15: Trade what you see

Chapter 16: How and When Should You Buy?

Chapter 17: Speculation is easier than day trading

Chapter 18: A separate account for each speculation

Chapter 19: with which financial instruments should I trade?

Chapter 20: Maximum risk and Margin Call

Chapter 21: Keep your trades to yourself

Chapter 22: On the way to the first million

Chapter 23: The Final Goal: Financial Freedom

Addendum 1: Past financial crises

Addendum 2: useful websites

Glossary

About the Author

Heikin Ashi Trader is the pen name of a trader who has more than 18 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money— and risk management.

132 бумажные страницы
Дата публикации оригинала
2019
Год выхода издания
2019
Издательство
DAO Press
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Цитаты

  • Aaaa Bbbbцитирует2 месяца назад
    S&P 500 (Standard & Poor’s 500): Stock index comprising the shares of 500 of the largest US listed companies

    Spread: The spread between bid and ask prices

    Stock index: Indicator of the performance of the stock market as a whole, or of individual stock groups (e.g. Dow Jones)

    Stop Buy Order: An order to buy or sell securities, which will only be executed when the price reaches a certain price level

    Stop Loss Order: A sell order that is best executed when a specific price is reached

    Stop Management: Active management of stop orders during a trade

    Swing trading: A trading strategy in which a security is held for between one and several days, in order to take advantage of price changes or fluctuations

    Subprime crisis: Refers to a global banking and financial crisis as part of the global economic crisis as of 2007

    Take Profit Order: Automated stock market order, triggered when a predetermined price target has been reached

    Target price: Stock market price that a security should achieve, on the basis of an analysis

    Tick: Smallest price change on a futures market

    Trailing-Stop: Automatic stop-loss order

    Trend Following: Trading strategy that focuses on following a trend that has been identified

    Ukraine crisis: Political, at times armed conflict over the Crimean Peninsula

    USD/CAD: Currency ratio between the US Dollar and the Canadian Dollar

    USD/RUB: Currency ratio between the US Dollar and the Russian Ruble

    Volatility: Standard deviation. Indicates how much a price fluctuates
  • Aaaa Bbbbцитирует2 месяца назад
    Global macro: Investment strategy based on the interpretation and forecasting of major events related to economies, history and international relations.

    Hedging: Method of securing a transaction against financial risks, such as price fluctuations

    Heikin Ashi Chart: Japanese: “balancing on one foot”. Japanese representation of price changes

    Hit rate: The hit rate describes the ratio of winning trades to losing trades

    Initial Margin: Amount of collateral required to open a position

    Interest rate: Fixed by a central bank within the framework of its monetary policy, based upon which it concludes transactions with its affiliated banks

    Leverage effect: The use of borrowed capital increases the return on the use of one’s own capital

    Lira Crisis: The Turkish Currency and Debt Crisis 2018

    Long: Being Long means buying and holding securities holdings

    Margin: Secured position for exchange transactions by depositing a certain pledge

    Market Efficiency Hypothesis: According to this theory, financial markets are efficient insofar as existing information is already priced in, and thus no market participant is able to achieve above-average profits through technical analysis, fundamental analysis, insider trading or otherwise

    Money management: Money management is a value preservation strategy that aims to manage the risk of a portfolio of securities by sizing each trade position

    Nymex: The New York Mercantile Exchange (NYMEX) is the world’s largest commodity futures exchange, based in New York

    Option: Indicates a right to buy or sell a particular item at a later date, at an agreed price

    Path dependence: Inverse effect, which applies from closing price to closing price. If the period becomes longer, deviations occur

    Pip: Percentage in point, smallest change in the price in forex trading

    Pyramiding: In stock trading, refers to the gradual establishment or reduction of positions

    Quarterly earnings: Report of a stock corporation at the end of a quarter

    Range: Price range in which a value is traded in one phase (one day, one week, several months)

    Resistance: Price level, where more sellers emerge, than buyers

    Reversal: Reversing a price trend within a trading day

    Risk Management: Includes all measures for the systematic detection, analysis, assessment, monitoring and control of risks

    Risk Reward Ratio (RRR): Serves as an indicator of the usefulness of a speculation. It is calculated by dividing the expected profitability by the largest possible loss

    Scalping: Trading technique in which the trader tries to trade minimal movements in the market

    Short position: a trader is short when he sells a position that he doesn’t own (short sale)

    SNB: Swiss National Bank
  • Aaaa Bbbbцитирует2 месяца назад
    Glossary

    AEX: Stock index of the Netherlands, which is calculated on Euronext Amsterdam

    Averaging down: Process of buying additional shares of a stock at lower prices than the original purchase price. This lowers the average price an investor pays for the whole position

    Bond: A bond, also known as a fixed-income security, is an interest-bearing security

    Book profit: Difference between the purchase price and the current price. This profit initially exists only on paper. Only when the stock is sold, can it be realized

    Bovespa: (Índice Bovespa, abbreviated Ibovespa) leading stock index in Brazil. It consists of 71 companies

    Break Even: Point at which there is neither profit nor loss

    Brexit: The withdrawal of the United Kingdom from the European Union

    Broker: A financial service provider responsible for executing securities orders from investors

    CAC 40: French benchmark index of the 40 leading French companies listed on the Paris Stock Exchange

    Candlestick: Representation of price changes based on a Japanese analysis technique

    Cash Flow: The difference in revenue and expenditure over a period of time

    CFD: Payment agreement, the value of which is the difference between the prices of the underlying value, such as a share or currency, at the time of purchase and sale of the CFD

    CME: The US-based CME Group is one of the world’s largest option exchanges and the world’s largest derivatives exchange, based in Chicago, Illinois

    Commissions: costs incurred on the purchase and sale of securities

    Credit Default Swaps: (CDS) Credit derivative in which default risks of loans are traded

    Day trading: describes short-term speculative trading in securities. Positions are opened and closed within the same trading day

    Dividend: part of the profit that a public company distributes to its shareholders

    Dow Jones: The oldest surviving stock index in the US, today comprising 30 of the largest US companies

    Doji: Frequently occurring pattern in a candlestick chart. It is characterized in that it has a short length, which means a small trading margin, with the opening and closing price being almost the same

    Downgrading: Downgrade of a security

    Entry Strategy: A strategy that determines the entry into a market

    ESMA: European Securities and Markets Authority

    ETF: Exchange Traded Funds

    Euro crisis: describes a complex crisis of the European Monetary Union from the year 2010

    Exit strategy: A strategy that determines the exit from a market

    EUR/CHF: Currency ratio between the Euro and the Swiss franc

    EUR/TRY: Currency ratio between the Euro and the Turkish Lira

    European Exchange Rate Mechanism: a form of monetary cooperation between the countries of the European Community, from March 13, 1979 to December 31, 1998

    Fait accompli: A French term that is often used to describe an action that is completed before those affected can question or reverse it

    Financial Crisis: Global Banking and Financial Crisis as Part of the Global Economic Crisis as of 2007

    Flat: Flat position

    Francogeddon: On January 15, 2015, the Swiss National Bank lifted the minimum euro exchange rate of 1.20 without warning. The Swiss franc increased in price by almost 20 percent

    Forex: Forex Exchange Market, International Currency Market

    Forwards: Non-exchange-traded, unconditional forward transactions

    Futures: Standardized contract for the purchase or sale of a certain quantity of a commodity, at a fixed price, on a given date

    Gap: price gap between two trading days
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