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The Simple Strategy
- A Powerful Day Trading Strategy for Trading Futures, Stocks, ETFs and Forex
- Narrated by: Mike Norgaard
- Length: 1 hr and 18 mins
- Categories: Money & Finance, Investing & Trading
Non-member price: $10.18
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Publisher's Summary
Learn a powerful day trading strategy in less than 60 minutes.
A profitable trading strategy is the most important tool for a trader. This book explains a powerful trend-following day trading strategy for trading futures, stocks, ETFs, and Forex.
When trading with The Simple Strategy, there's no second-guessing. As you will see, the entry rules are based on indicators - and these rules are black and white. Either the MACD is above the zero line or it isn't. And either the RSI is above 70 or it isn't. The entries are easy to identify and execute. That's why this strategy is called The Simple Strategy.
When trading with The Simple Strategy you'll know when to exit even before you enter the trade. So, you'll know exactly how much to risk on any given trade, which is essential for precise position sizing and money management. Plus, you can put the trade on autopilot once your entry order is filled. This will keep trade management to a minimum. It's easy and simple.
These days, trends are short-lived. The times when you could enter the market in the morning and exit the market in the afternoon are over. These days the markets can turn on a dime. Low trading commissions and computerized trading have destroyed the nice, long intraday trends. However, with The Simple Strategy you can take advantage of the small, intraday trends that we are seeing in today's markets.
What listeners say about The Simple Strategy
Reviews - Please select the tabs below to change the source of reviews.
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- Costin Trimbitasu
- 21-01-2017
PDF missing
Would give 5 stars, but PDF is missing. Contacted Audible to slolve it, cannot follow the examples without the data/graphs in pdf.
10 people found this helpful
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- B. Ramos-Stephens
- 07-12-2016
An interesting, straightforward listen.
I recommend this audiobook. The narration was sufficient but without any real flourishes or flavor, fine for this topic.
The content is very straightforward, providing step by step instructions. I have just finished, so have not tried it out for myself.
The basics are the same as many other strategies: consistency, discipline, money management & strict adherence to the rules.
7 people found this helpful
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- ConsumeroUno
- 20-03-2018
It's a Start or a Supplement Only; Good Value
Would you recommend this book to a friend? Why or why not?
Based on when this book was released and a little about the author, it sounds like Markus got in to professional trading at the bottom of the market and rode the wave to the top. If you know the market is trending upward (or downward), this strategy makes more sense. However, if volatility is high, there is a major flaw. The stop loss is too tight in high volatility markets so unless you get in at a moment where it goes straight up (or down selling short) you are setting yourself up for more losses than necessary. This could be highly valuable as supplemental info to your current trading strategy though
Who do you think would benefit most from listening to The Simple Strategy?
People looking for additional support to a trading system already in use, or to people getting started in trading to play with paper trading and familiarize themselves with some advanced charting features.
Any additional comments?
The studies they show are valuable studies to know and there is a lot of good about this book, but a 4 or 5 star rating is misleading to potential investors looking for a new strategy. I think this was $5 so it was definitely worth that for the insight into these studies, but as a complete trading strategy, simple often isn't successful.
2 people found this helpful
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- Peaceful Ruler
- 31-12-2016
Sounds simple, but you'll need coffee
you'll need coffee to stay awake while listening to the narrator on the audio book. I'm not convinced that this simple strategy will work. however, for beginners it maybe reasonable to try it.
5 people found this helpful
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- Sulaiman Alnaqbi
- 29-05-2017
Very great mind reset
If you think you are loosing the trading path or need to be re-energized, listen and shall be satisfied. He put me back on the track
4 people found this helpful
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- Amazon Customer
- 04-07-2018
Decent Starting Strategy
This book is a good starting point for those wanting to try trading. It is detailed enough to be reasonably useful and yet not so detailed as to bore a beginner. I haven't tried the strategy yet, so I can't vouch for its efficacy, but the author is very much correct that you dont need to be right a majority of the time as long as your wins are greater than your losses. The idea that you target having 50% of your trades win and then ensure you get out at a target price is spot on.
1 person found this helpful
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- Finding Alpha
- 05-11-2020
Don’t waste your time
If you are anything but a novice, this book will not help you. If you are a novice, there are a few dozen YouTube videos that will explain things better and faster. The key to trading is not the system. Obtaining a better mouse trap has never resulted in people making money. Read some books about trading discipline and risk. Stop reading books on what system works best.
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- Mike F
- 15-07-2020
Very good
very solid book for the money and time. Very straightforward and comprehensible strategy. Definitely worth a quick read.
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- Anonymous User
- 21-08-2019
I'm a new trader
I've just started trading... but i fell like I'm guessing more than actually having a strategy... im developing money management disciplines but I still feel like I'm driving blind... I think this book is gonna be a good starting point... Thanks
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- Craig
- 08-04-2019
Good but didn' come with pdf.
Without the pdf it is supposed to come with it was hard to understand but well read.
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- Alex Fairweather
- 28-03-2017
Does what it says on the tin.
nice and quick to listen to. comes with a pdf with all necessary supporting docs which is very handy. very easy to implement. don't expect a long book with loads of details, this is very basic but very useful.
1 person found this helpful
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