Ian Murphy is a full-time trader offering education, analysis and tools to international equity and futures traders. He trades his own account using trend-following, swing-trading and day-trading strategies. Mr. Murphy is the author of Way of the Trader - A Complete Guide to the Art of Financial Trading which has been published in the US, UK, India and China.
US equities had a slight downward bias overnight as market participants await this week’s earnings reports, states Ian Murphy of MurphyTrading.com.
Yesterday’s positive earnings from the banking sector coupled with better-than-expected employment numbers saw the S&P 500 (SPX) gap up at the open and remain bullish all day, states Ian Murphy of MurphyTrading.com.
In recent years the weighting of stocks in the S&P 500 (SPX) has crystalized around a handful of tech firms, so when these firms move, “the market” as measured by this popular index also moves, states Ian Murphy of MurphyTrading.com.
When this highly profitable strategy was first shared in Way of the Trader, I expected a flurry of interest to follow. To be honest the strategy was mostly greeted with a shrug, states Ian Murphy of MurphyTrading.com.
We trade the markets in order to profit, but the reality for inexperienced traders can be very different. Most of the time profits are there for the taking but amateurs allow gains to slip through their fingers or they grab too little too early. This leads to a downward spiral of frustration and confusion as money flows out of their account. In this presentation Ian Murphy will provide practical solutions to these difficult challenges by sharing powerful technical indicators which monetize market moves and take timely profits at appropriate levels.
The correct placement of protective stops is a balance between whipsaw and lag. If stops are too close to the price, we risk getting whipsawed. If the stop is too far away, the risk/reward ratio might not be worth the effort. Dynamic protective stops which respond to changing volatility are the solution. If you're trying to catch a defined move with a swing trade or following a trend, Ian Murphy's presentation will show how to effectively use volatility based protective stops to maximize a trade's potential while controlling risk.
Way of the Trader: A complete guide to the art of financial trading
Way of the Trader offers a fresh perspective on a mysterious art - trading the financial markets. Over 15 compelling chapters, Ian Murphy unpacks the world of a private trader, providing a wealth of practical tools for those wishing to make a living from the markets.