Beating the wolves of Wall Street
Subtitle: perception versus reality of traders in today's market
By: Donovan Lazar with Ben Katt
Contributors: Katt, Ben
Publisher: John Wiley & Sons, Inc.
Published: 2015
Place of publication: Hoboken, New Jersey
Language: eng
ISBN-13: 9781118985526; 9781118985519; 9781118985496
Subjects: Investment analysis; Speculation; Stockbrokers; Portfolio management; Investments
Description: "Most individual retail investors are like sheep being led to the slaughter by the wolves of Wall Street. They believe that successful trading and investing is simply learning chart patterns or the "old school" fundamental analysis that no longer work effectively in our current markets. But, retail investors must learn how the markets actually work!  The book will discuss:  Two basic types of traders on Wall Street: the institutional traders who move the markets and the uneducated retail traders who are at their mercy.  How the markets are essentially a zero sum game. Daily market action is the transfer of monies from the accounts of retail traders to institutional traders.  The Buy and Hold strategies that are advantageous for the financial institutions but not the retail investors following the advice of their financial advisors.  By combining the experience and wisdom of 50+ professional instructors/professional traders on the Online Trading Academy (OTA) faculty and a dozen in-depth interviews, this book will teach readers the common key elements of trading that successful traders have in common to help them beat the market"--
Notes: Includes index.
Table of contents: title: Machine generated contents note:  Introduction Part 1: Perception vs. Reality Chapter 1: Good Lord, Not Another Book on Trading The Realities of Financial Professionals Trading is a Battle How This Book Is Different The Real Questions Key Thoughts Chapter 2: The New Normal Getting Back to Even Three Kids and a Dog Buy and Hold is Dead Funds vs. S&P Diversification Does Not Save You in Crisis Key Thoughts Chapter 3: The World of "Retail" Brokerage Firms and the Media - Today's Cult's Investing and Trading Pie Chart Jockeys Becoming a Financial Advisor Becoming an Certified Financial Planner Do We Really Need Pie Chart Jockeys? Key Points Chapter 4: Institutional vs. Retail Who are the Institutions? How Institutions Make Money The Media During Bear Markets Key Points Chapter 5: the Worst Investment Choice Ever Invented Why Mutual Funds Are One of the Worst Places to Invest Does Fundamental Analysis Work? How Institutional Traders Profit from the Mutual Funds Wolves or Sheep? Mutual Fund Fees Dalbar Studies Key Points Chapter 6: the Playing Field Is Level and Fair Retail investors and Institutional Investors Key Points Chapter 7: Solutions - "The Psychosis or Psychology of Trading" Part 2: Real Traders Making Real Money Chapter 8: Sam Seiden - "The Architect" Chapter 9: Bob Dunn - "The Mad Scientist" Chapter 10: Eric Ochotnicki - The Mathematician "Turned $25,000 to $2,000,000 in two Years" Chapter 11: Michael Young - "The Millionaire Maker" Chapter 12: Brandon Wendell - "The Technician" Chapter 13: Michelle Volmering - "Farm Girls Trade, too" Chapter 14: Sam Evans - "The Gentle Brit" Chapter 15: Jasmine Wang - Little Red Riding Hood: "She was actually a Wolf in disguise" Chapter 16: Corey Lane - "Rock and Roll Meets Finance" Part 3: The OTA Solution Chapter 17: Eyal Shahar - Founder and CEO of Online Trading Academy Chapter 18: John O'Donnell - "Chief Knowledge Officer" About the Authors Index .