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The Simple Strategy: A Powerful Day Trading Strategy for Trading Futures, Stocks, ETFs and Forex
Learn a powerful day trading strategy in less than 60 minutes.
A profitable trading strategy is the most important tool for a trader. This book explains a powerful trend-following day trading strategy for trading futures, stocks, ETFs and Forex.
When trading with 'THE SIMPLE STRATEGY', there' no second-guessing. As you will see, the entry rules are based on indicators - and these rules are black and white. Either the MACD is above the zero line or it isn't. And either the RSI is above 70 or it isn't. The entries are easy to identify and execute. That's why this strategy is called 'THE SIMPLE STRATEGY'.
When trading with 'THE SIMPLE STRATEGY' you'll know when to exit even before you enter the trade. So, you'll know exactly how much to risk on any given trade, which is essential for precise position sizing and money management. Plus, you can put the trade on autopilot once your entry order is filled. This will keep trade management to a minimum. It's easy and simple.
These days, trends are short-lived. The times when you could enter the market in the morning and exit the market in the afternoon are over. These days the markets can turn on a dime. Low trading commissions and computerized trading have destroyed the nice, long intraday trends. However, with 'THE SIMPLE STRATEGY' you can take advantage of the small, intraday trends that we are seeing in today's markets.
RUNNING TIME ⇒ 1hr. and 18mins.
©2013 Markus Heitkoetter (P)2016 Markus Heitkoetter
A profitable trading strategy is the most important tool for a trader. This book explains a powerful trend-following day trading strategy for trading futures, stocks, ETFs and Forex.
When trading with 'THE SIMPLE STRATEGY', there' no second-guessing. As you will see, the entry rules are based on indicators - and these rules are black and white. Either the MACD is above the zero line or it isn't. And either the RSI is above 70 or it isn't. The entries are easy to identify and execute. That's why this strategy is called 'THE SIMPLE STRATEGY'.
When trading with 'THE SIMPLE STRATEGY' you'll know when to exit even before you enter the trade. So, you'll know exactly how much to risk on any given trade, which is essential for precise position sizing and money management. Plus, you can put the trade on autopilot once your entry order is filled. This will keep trade management to a minimum. It's easy and simple.
These days, trends are short-lived. The times when you could enter the market in the morning and exit the market in the afternoon are over. These days the markets can turn on a dime. Low trading commissions and computerized trading have destroyed the nice, long intraday trends. However, with 'THE SIMPLE STRATEGY' you can take advantage of the small, intraday trends that we are seeing in today's markets.
RUNNING TIME ⇒ 1hr. and 18mins.
©2013 Markus Heitkoetter (P)2016 Markus Heitkoetter
- GenresFinanceNonfiction
Audible Audio
First published July 25, 2013
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Displaying 1 - 17 of 17 reviews
July 7, 2018
Since this is a pretty mechanical system it is very easy to test statistically. Just for fun I programmed a backtest for this strategy and run it on several assets and on several different timeframes and it showed an average profit factor that was well below 1 which means that you will most certainly lose money on this strategy in the long run if you try to use it. It didn't show any particular edge on any asset or in any timeframe. So the only one who earns money on this strategy is probably the author of this book.
May 2, 2021
Overall not bad
I like the strategy but the book does not give many examples of success or failure when the market turns.
I like the strategy but the book does not give many examples of success or failure when the market turns.
November 17, 2019
The book is to the point description about one strategy and explains the strategy fully. What I really liked about the novel is the fact that the author didn't try to unnecessarily stretch the point being stated. The examples are easy to understand and makes it really easy to read. An amazing read which can easily be completed within a day. Definitely a recommendation for any trader looking for trading strategies.
August 8, 2021
Excellent
Simple, excellent examples, highly intuitive, good mathematical explanations and very real. There are some minor mistakes like $182.50 when it should be $192.50 which confuses reading but otherwise it is understandable. I recommend this book to beginners and practitioners alike. I chose the 5 star rating because the book compels you to understand the basics of probability trading as a way to make profit in an uncertain market.
Simple, excellent examples, highly intuitive, good mathematical explanations and very real. There are some minor mistakes like $182.50 when it should be $192.50 which confuses reading but otherwise it is understandable. I recommend this book to beginners and practitioners alike. I chose the 5 star rating because the book compels you to understand the basics of probability trading as a way to make profit in an uncertain market.
April 30, 2025
Comprehensive package of step by step instructions for basic strategies.
Found this relevant book with good guidance on how to setup this and that options strategy, it's calls and put options, signals, what should be the entry and exit, etc. Also tried and tested in my trading app.. be positive!
Found this relevant book with good guidance on how to setup this and that options strategy, it's calls and put options, signals, what should be the entry and exit, etc. Also tried and tested in my trading app.. be positive!
January 5, 2017
Clear and concise, step by step instructions on applying a very simple strategy.
The book has clear instructions about how to setup this strategy, what should be the entry and exit, etc. Very helpful in actual application.
The book has clear instructions about how to setup this strategy, what should be the entry and exit, etc. Very helpful in actual application.
August 23, 2017
Interesting
October 8, 2019
Fantastic read, wish the dvd's were still available
Very knowledge, broken down information and takes you through it step by step. If only the dvd 's were still available
Very knowledge, broken down information and takes you through it step by step. If only the dvd 's were still available
April 18, 2022
Information book
February 3, 2016
Simple but powerful.
Like many readers, I like this "simple" strategy day trading. Actually it's not that simple. The money management is its fundamental rule number one. In such short fashion, the book gave a clear DT strategy plus money management, enough to make a living. Highly recommend.
Like many readers, I like this "simple" strategy day trading. Actually it's not that simple. The money management is its fundamental rule number one. In such short fashion, the book gave a clear DT strategy plus money management, enough to make a living. Highly recommend.
May 9, 2014
a complicated look at trading stock online. a lot of practical information on how to track stocks, buy and sell based on gain and loss goals, and enhance one's knowledge of trade. interesting. wish I had time to try it.less than an hour read.
August 31, 2014
For beginners: if you want to understand the strategy, you will need further research. If you want to apply it like a robot, it really is simple and takes less than an hour to be implemented.
Does it make money? I don`t know yet. I will update after some testing.
Does it make money? I don`t know yet. I will update after some testing.
May 21, 2014
interesting. It looks pretty helpful if you're trading. I noticed a principle . You can't get it all at once. It has to be graduall.
July 6, 2015
Good book
It helps steer you in a more stable direction any trading Boolean tell you what you need to do but this gives you the tools and the strategy to get started thanks
It helps steer you in a more stable direction any trading Boolean tell you what you need to do but this gives you the tools and the strategy to get started thanks
Want to Read
August 21, 2016good book by the author
January 31, 2018
Absolutely the best trading book I have read in my life. Simple, short, motivation and perfect explanation of the strategy.
March 15, 2020
Gives one strategy to trade
For the money paid, you get one good strategy that can give you consistent money if not a great profit.. which is not the focus of this book.
For the money paid, you get one good strategy that can give you consistent money if not a great profit.. which is not the focus of this book.
Displaying 1 - 17 of 17 reviews