Stop and Make Money : How To Profit in the Stock Market Using Volume and Stop Orders

Richard Arms is one of the world s most respected stock market technicians. His expertise in this field is unparalleled, and his groundbreaking theories in volume analysis and market forecasting have forever changed the way traders perceive markets. Now, in Stop and Make Money, Arms presents a short term approach to trading using the technical methods he has pioneered—as well as other established technical tools—over the course of his successful forty year career. In a straightforward and accessible style, Arms reveals how to profit from short term price movements in the stock market—whether you re buying or selling short—by accurately interpreting price/volume information and effectively employing stop orders to enter and exit positions. Before getting down to details, Arms briefly explores some essential trading examples and explains the advantages of technical analysis. He also prepares you for the journey ahead by offering insights and advice on what you might need to achieve your goals, including charting services, quotations services, a brokerage account, and more. Then, in the chapters that follow, Arms skillfully illustrates the self developed techniques that have allowed him to manage trades for maximum profits during his many years in the market. Topics discussed include everything from the Equivolume charting system and the Arms Index—also known as TRIN—to Volume Adjusted Moving Averages and Ease of Movement. Along the way, you ll also become familiar with conventional technical tools, such as support and resistance, trendlines, and channels, which fit into Arms s strategy. To enhance your understanding of this proven trading method, a companion CD ROM offers a free thirty day subscription to MetaStock End of Day data and software. Taking advantage of the free MetaStock charting systems provided—at least during your learning phase—is highly recommended, since they closely conform to the examples used throughout the book. While many of the drawbacks to successful trading have been largely eliminated, it still takes knowledge, discipline, and hard work to capture considerable profits. Nobody knows this better than Richard Arms. And with Stop and Make Money, Arms will show you how to observe and anticipate short term stock market moves in order to improve your overall trading activities.