When you trade, you're not just trading companies that deliver goods or services. You're trading against other traders who care about only one thing: taking your money. That's the #1 hard reality of trading - and most traders either don't know it, or don't act as if they do. In this book, top trader and hedge fund manager Quint Tatro shows how to win consistently in the "zero sum" game of trading, where there's a loser for every winner. You'll learn how to reflect your trading competition in every facet of trading and investing: choosing companies to invest in, knowing when to jump in and out of the market, and mastering the psychology and gamesmanship of trading. Coverage includes:
- Understanding the "other side of the trade": the thousands of pros you're trading against.
- Finding a technical edge with technical analysis you can exploit over and over again.
- Understanding sentiment and overcoming the human emotions and biases that cost you dearly.
- Utilizing the most essential strategies of fundamental analysis.
- Playing positions and probabilities, not P+Ls.
- Recognizing and capturing huge opportunities in down markets.
Quint Tatro is President and owner of Tatro Capital, LLC, a premier fee-based investment advisory firm located in Central Kentucky. Although the firm may be located hundreds of miles from Wall Street, Quint is regarded as one of the 'Street's' best technicians and has frequented such shows as CNBC's Fast Money and Fox Business's Happy Hour, to relay his thoughts and ideas. In addition, Quint writes columns for financial websites such as Forbes.com, Minyanville.com, StockTwits.com, FinancialSense.com, and Tickerville.com
Financial management runs in the genes for Quint, as he comes from a family that has been involved in the financial world for more than 100 years. Long before he could ever officially be employed, he assisted his father, a 38-year veteran money manager, with various projects including research and economic forecasting. Gaining his official start in the business in 1999, Quint began as a retail broker in the family firm located in Rochester, New York. Rapidly growing his business, in 2000 he relocated to Lexington, Kentucky, and in 2003 he separated from the family firm, spreading his wings and launching Tatro Capital.
Furthering his experience and education, in 2005 Quint was given the incredible opportunity to serve as a general partner in a hedge fund located in Bradenton, Florida. During this time period, Quint assisted in the management of a $60 million fund and daily operations of the entire business. In 2007, Quint once again found himself heading back to the Blue Grass to reestablish Tatro Capital and make his now distinguished services available to the general public.
Quint hails from upstate New York but left in 1996 to attend the University of Kentucky where he graduated cum laude with a degree in finance. In 2004 he married his college sweetheart Brandie, who has left the field of physical therapy to enroll as a full-time mom raising their children.
Quint and Brandie are active members of Southland Christian Church and each posses a unique heart for missions, particularly the region of northwest Haiti.
Chapter 1 I'm Trading Against You 1
Chapter 2 My Story 9
Chapter 3 It's All Opportunity 19
Chapter 4 The Other Traders 25
Chapter 5 Finding Your Edge 33
Chapter 6 Timing the Entry 47
Chapter 7 Trend Lines 57
Chapter 8 The Basics Are Not Enough 77
Chapter 9 Pick Your Time Frame 85
Chapter 10 Developing Your Plan 97
Chapter 11 Determining Entry Points 109
Chapter 12 Setting Stops 125
Chapter 13 How to Trade the Trader 137
Chapter 14 Using and Controlling Risk to Your Advantage 149
Chapter 15 Taking Gains 161
Chapter 16 Reviewing the Entire Plan 173
Chapter 17 It's a Head Game 181
Chapter 18 Dealing with the Emotions 183
Chapter 19 Following the Trend 189
Chapter 20 The Blowup 195