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The Master Profit Plan: Your 5-Step Trading Plan Workbook


The Master Profit Plan: Your 5-Step Trading Plan Workbook

The Master Profit Plan: Your 5-Step Trading Plan Workbook

List Price: $59.95
Our Price:
$47.76
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Manufacturer: Trafford Publishing
Author: Vadym Graifer
Binding: Paperback
Publication Date: 2005-02-18
Publisher: Trafford Publishing
Label: Trafford Publishing
Number Of Pages: 236
Features:


Editorial Review:
Professional trading mentor Vadym Graifer teaches how to structure your trades to make money now. Develop your trading plan, learn to control risk, profit consistently and earn while you learn.
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Customer Reviews
Average Customer Rating: 5.0

shortens learning curve, great practical book 2007-11-23
This book is great, it puts everything in proper perspective. It usually takes a trader a few years before they understand trading philosophy, psychology, trading systems, trading tools and actual practical trading. It treats these areas in a proper sequence and provides a very practical approach unlike other trading books. It helped me identify my personality traits and focus on scalping. I have come up with my own trading plan and I hope this will make me a confident, practical and professional trader.


One Trader's Salvation 2005-09-05
After trading full time for about 2 years, I was just about to give up and throw in the towel. I had to face the bare facts: I was losing money, plain and simple.

"What had I done wrong?" I was asking myself. "Haven't I read just about all the trading books everyone is supposed to read? Haven't I tried just about every trading system imaginable? Don't I truly have the passion for trading? Haven't I had several fairly long and satisfying winning streaks?" The answer was definitely yes, yes, yes, and YES again to all these questions. So, how come I'm not making it? That was the REAL QUESTION.

Then I heard about Vadym's new book, The Master Profit Plan. Intriguing title, I thought, so I bought a copy. And, to my pleasant surprise, after reading just the first few pages, NEW HOPE was already springing up in my heart. Here is finally a book that is NOT about how to implement somebody else's system, but rather a book about how to design and implement your own system! My own system! What a novel idea! The more I read, the more excited I became. I began to realize that the missing ingredient needed for my own success was to GET TO KNOW MY OWN SELF! What are my talents? My limitations? How much time do I have for trading? How much do I need to make on a daily basis? How much can I afford to risk per trade? Am I scalper by nature, or is swing trading better for me? Or maybe it's a combination of the two? Do I like breakout plays, or am I more comfortable with reversals? What data do I really need to track in my daily journal?

The author helps you answer all these questions, and many more, through the ingenious use of flowcharts (Mind Maps) that will help you quickly and easily map your own plan. There is much more to the book, with topics ranging from trading psychology to basic technical and fundamental analysis. And as a bonus, there are several real life success stories from other traders who have "found themselves" and are trading their own unique plan.


AND FINALLY, as for me, I've been trading successfully for several months now, and with a plan that is unique to me. Vadym Graifer's The Master Profit Plan has truly been this trader's salvation. Thank you for writing this book, Vadym.


a great "big picture" trading plan book 2005-06-17
This book is a great resource and really opened my eyes to many aspects of trading that I've overlooked in the past. The book shows the "big picture" and covers all aspects of trading (philosophy, psychology, tools, risk, trading system, etc.). I have read several other "total package" trading books but they all seem to leave out, or not emphasize enough, all the elements necessary to be successful. I've been trading part time for 3 years and I wish I had this book when I started. I highly recommend it for the beginner trader. I'm sure experienced traders will benefit as well.


Learning to trade for a living 2005-04-28
Vadym is an accomplished trader, he consistantly takes money out of the market. So, here, in this little gem of a book, he outlines the steps that one needs in order to trade for a living. I can think of no better book addressing this matter for beginners or striving traders. Vadym, goes step by step on the most basic issues that are critical to achieve this mind set. Get this straight, not Vad's mind set, but yours and your trading style unique to you only. That is your edge. Read it and learn.


The Master Profit PLan 2005-04-28
I wish that this had been the first or second book I read about daytrading for a living. It would have saved me alot of money.
Daytrading, at least for me, is tape reading, plain and simple. The book stresses that. Erase the outside noise and watch the tape. If your right, great, if not get out fast (no hard feelings, it's not personal).
Also, as discussed throughout the book, I finally forced myself to set up a written trading plan. I read it every morning prior to trading. It has helped re-inforce my discipline.
Very good book for daytraders. Especially liked the stories from actual traders. Seems many of us go through the same problems.