How to Turn $ 5,000 into a Million

by Heikin Ashi Trader, Dao Press (Editor)

How to Turn $ 5,000 into a Million

Can you become a millionaire on the stock market? The question of how to grow a small account undoubtedly occupies every trader’s mind. How do you manage to make a fortune out of a small amount? And preferably really fast?
Just as it is possible to build a real estate empire without a dollar of equity, so it is also possible to achieve high profits on the stock market with a small amount of starting capital (USD 5000 or less).

In this book, Heikin Ashi Trader presents a stock market strategy that will help the trader to succeed in this endeavor. Above all, he explains that the factor of position size plays a much more decisive role in trading success than is commonly assumed. The right question is not: how often are you right or wrong, but how big is your position if you are right?

This method is just about finding the markets where a significant movement can be expected. And once he has identified one, the trader should build a big position in that market, so that he can fully benefit from this movement.

Table of Contents

Chapter 1: Can You Become A Millionaire On The Stock Market?
Chapter 2: Trade with the market's money, not with your own!
Chapter 3: Learning from the Grand Master of Speculators
Chapter 4: Scaling in – Scaling out
Chapter 5: Should You Use Stops?
Chapter 6: What do you do if the market is going in the wrong direction?
Chapter 7: Go Global Macro
Chapter 8: Look at the "Big Picture"
Chapter 9: Look for a catalyst
Chapter 10: Mistakes to Learn From
Chapter 11: Success with cotton
Chapter 12: My ruble trade
Chapter 13: Thanks to Presidents Erdogan and Trump!
Chapter 14: Speculating with stocks
Chapter 15: Trade what you see
Chapter 16: How and When Should You Buy?
Chapter 17: Speculation is easier than day trading
Chapter 18: A separate account for each speculation
Chapter 19: with which financial instruments should I trade?
Chapter 20: Maximum risk and Margin Call
Chapter 21: Keep your trades to yourself
Chapter 22: On the way to the first million
Chapter 23: The Final Goal: Financial Freedom
Addendum 1: Past financial crises
Addendum 2: useful websites
Glossary

135 pages, Kindle Edition

Published June 26, 2019

Reviews

[Lawrence Hung · Rating 4 out of 5]

I like very much of what I read in this book by a guy who named himself as one of the chart type - Heikin Ashi, a trader who trades in various European markets. Some very unique and interesting viewpoints from his writing and I strongly feel he's a real and veteran trader, with certain charms. He explained his strategy and trading style from somewhat a contrarian perspective to the market. I learned a lot from the writer even though it might be hard for an average investor to mimic what he did for building his wealth from commodity, currency and bond, markets which often require margin to trade and in large quantities. Heikin's method of scaling in and scaling out of the market is particularly valuable and eye-opening for me, breaking apart the old-school thought of downward cost-averaging of the trades.

Drawing from the experience of the great trading master Jesse Livermore, Heikin shared his success from speculating the cotton, ruble and Turkish lira, emphasizing on exercising patience and speculation in the markets. While analyzing the markets from a very global macro views, a trade should not be influenced by the view of others, not the least to share your trades with others. For stocks, he suggested to trade the current market leaders because of the likelihood of a trend turning is much smaller. Overall, a lot of practical advises to be had in this one small book. The book is not too technical but comes with enough depth of understanding the markets from the author's viewpoint.

[Kmag54 · Rating 5 out of 5]

Basic and sound

A must read for beginners. Quite a balanced overview of trading and investing in different markets. The author illustrates the most used low-risk trading technique to build wealth and keep it.

[Steve · Rating 3 out of 5]

Thorough

This book is a deep and is well written. Insights into thinking about trends, stocks, and money. It is current too.

[Ganesh Venkataraman · Rating 3 out of 5]

Quick read! Lots of great tips and framework for trading!