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If you fall into the age-old trap of
believing that market success comes from predicting
whether a stock or market will rise or fall, this book
will prove an eye-opening and mind-expanding revelation on
a new way of trading that you have never considered
before!
The hard part of investing is
predicting which way a stock or market will move. The
premise of this book is that one no longer needs to
predict the DIRECTION of future price movement to make
money.
Sophisticated and knowledgeable market
participants are well aware of the fact that the majority
of the time markets are in a nontrending, nondirectional
mode. If one looks at current price and envisions a bell
shaped distribution of future prices, the highest
probability is that prices will be little changed….and the
probability of significant price moves becomes lower and
lower for any given time period the further one measures
from the present price. In other words, the greatest
probability is for little or no significant price change
and the lowest probability is for a large price move from
present levels. This book shows how to take advantage of
this fact, and how to utilize positions that will profit
from nondirectional price movement, yet protect against
serious losses in the event of large price moves. This is
the first full length book on this subject, and will
certainly be a welcome addition to the library of traders
who wish to learn the fine art of nondirectional trading.
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