A must read for every active trader!
"Here's a book that teaches you not only how to plan your trade ... but more importantly how to trade your plan..." Larry Williams
Click here for a further comment on W.D Gann
RRP
$29.95
ISBN 0 7314 0216 2
Format PaperBack
Category Finance and Investment
Publisher John Wiley & Sons Australia Ltd
(Wrightbooks)
"I loved your book Trading The SPI, and I'm already on the second reading." J.B NSW
"I'd be very keen to get a copy of the book. When will it be available? .... enjoying the SpiCollection very much, and thank you for your input which has completely changed my trading." A.K NSW.
"I was a guest at Moloneys for your presentation- which I really enjoyed- Thank you. I also bought your book, actually thinking what relevance it would hold for me as a pretty ordinary share trader. I've been trading on and off for about 6 years, with mixed results, and not quite sure why. I could relate so much to "the journey of trading" you described- and I was so confronted and at the same time so enthralled, at what you were revealing- especially in the risk, and money management sections- pure gold, and I could actually understand the concepts, they were so clearly and simply explained! It was amazing that I had never come across allot of these professional ideas before. It has been a revelation to me, to have it so clearly laid out about where I was stuffing up, and how to plan, execute and monitor what you are consciously doing- thank you so much for the best read and education I have gained in years. I will take on board allot of your ideas- starting with enrolling a member of my trading group to be my TEST buddy!" L.T VIC
"I have been using the SpiCollection since January and so far am a happy user. I read your book over the weekend ....Congratulations! You have a very easy style to read and the idea of running your trading diary through the book was very good - at least nobody is going to think that you're advocating a method to 'double your money every twelve months'. The whole section on Money Management is just excellent ....Congratulations on a very thought-provoking book - I hope that it's a great success for you." M.S NSW
Trading The SPI is a book dedicated firstly to the Australian index futures contract - the SPI (Share Price Index) and secondly, to active trading.
If your interest is the SPI then Trading The SPI should be the next addition to your trading library.
If you're an active trader (of any security) and your interest is to stem your losses and join the 10% Winners Circle then Trading The SPI should be a mandatory addition to your trading library. Part Two of the book will reveal where you're going wrong and how to fix it.
If you're considering subscribing to IndexALERT™ or purchasing one of my mechanical models then Trading The SPI will give you a good insight into how I think, design and develop my ideas. Knowing who is behind the service or product will give you further confidence in helping you make your decision.
In Trading The SPI I provide an insight into how I view the markets and how I approach trading. I firmly believe it will help all new and existing SPI traders. Now although the book has the SPI as its primary focus I do believe all active traders will benefit from reading it. Regardless of what we all trade - whether it be the SPI, global indices, futures, bonds, CFDs, margin FX, shares, options, warrants or commodities etc trading is trading. Full Stop. What instrument or market we choose is secondary to the process of good trading - which Trading The SPI explores in depth and what I believe every active trader will benefit from reading.
Regardless of your trading experience I believe there is something for everyone in the book. The book is divided into three parts.
Part One
For the new trader Part One provides
a thorough introduction to the SPI, futures, the Sydney Futures Exchange,
initial and variation margins, how to select a broker, client
adviser, open an account and how to place orders.
Part Two
Part Two can be thought of as Trader
School. It outlines the 6 essential steps I believe all successful active traders
must navigate before they place their first order. In my opinion I believe Part
Two is the most valuable section in the whole book as it outlines the importance of
being process-orientated in trading (regardless of whether one has a preference
for discretionary or mechanical trading). Part Two takes the reader through the
nut and bolts of practical trading covering key concepts such Risk-of-Ruin, (my) Holy Grail,
Expectancy, Opportunities, Validation, T.E.S.T, Money
Management, Methodology and Psychology.
The chapter on Money Management alone is worth the price of the book. Once you learn where I place the importance of Money Management you'll understand why it's the largest chapter. In my opinion I don't believe you'll find another book so accessible to the average reader (who isn't armed with a PhD in mathematics) that has such a breath of examination and depth of practical investigation into various money management strategies.
Part Three
In Part Three I share a few ideas on how to approach the SPI. For
discretionary traders the chapters on Statistics, Support and Resistance and
Triple Reversal Point will be of interest. Mechanical traders will enjoy the
chapter on Mechanical Pattern Trading where I fully disclose two simple yet
effective patterns.
Naturally Trading The SPI is available from all good book stores such as;
Retail Stores
Educated Investor (Ground Floor, 500 Collins Street, Melbourne, VIC 3000)
Dymocks
Angus and Robertson
BordersOnline Book Stores
The Chartist Book Store
Investor Centre
Educated Investor
Good reading.
Brent Penfold.
Sydney, Australia
Comments
"Brent has
written the most insightful and practical book on SPI trading ... his discussion
on risk-of-ruin, money management, expectancy and opportunities alone reveal the
market's only real secrets. This book is a must read for every serious trader."
Richard Melki (Chief Trader, RTM Capital)
"This book is possibly the most comprehensive and well researched volume on the SPI and it is essential reading for any would-be traders. In particular, the money management techniques disclosed in the book are worth their weight in gold, and can be applied not only to trading the SPI, but on any market for that matter." Andrew Kaleel (Highland Capital Management)
"Finally a book that demystifies the SPI. The simple, straightforward language and easy reading style make it a necessity for all intending futures traders." Tony Makowiak (Client Adviser, BrokerOne)
"Brent and I have fought the same battles, traded the same markets, been educated and have educated together. He has a genuine passion and knowledge of the markets." JR (John Robertson - Client Adviser, I-Deal Financial Group)
"This book is a must read for any person currently trading the SPI or anyone seriously contemplating it. It caters for all levels of trading ability and is written by a trader who has experienced the highs and lows of trading this contract. Brent's style of writing is such that the most difficult orders are explained in the simplest form, thus allowing all standards of traders a better understanding of order placement, which is imperative to trading." Matthew Andronicus (Client Adviser, BrokerOne)