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Description:

Geared for active stock traders, the method generally calls for holding stocks for a few days to two or three weeks. But unlike similar approaches, it does not require constant monitoring of the market, special software, or extensive analysis. The method is simple, efficient, and easy-to-learn. A trader can put in his/her orders with a broker and simply walk away. With the right approach, Arms emphasizes that stock trading can be fun and exciting. And he shows how to make the less enjoyable part of trading -- money management -- simple and automatic. Arms has successfully traded stocks for over 40 years, and this book digests his methods into a simple and practical approach that traders can expect to generate annual returns of about 30%.

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.

Contents:

• About the Author.
• Introduction. The Great Opportunity.
• Chapter 1. Let's Get Started.
• Chapter 2. A Pair of Shorts.
• Chapter 3. Why Technical Analysis?
• Chapter 4. The Market Is Always Right.
• Chapter 5. Equivolume Charts.
• Chapter 6. Getting Ready To Trade.
• Chapter 7. Choosing Your Route.
• Chapter 8. Power Boxes.
• Chapter 9. OK Let's Buy.
• Chapter 10. Stop Order for Getting In.
• Chapter 11. Stop Orders for Getting Out.
• Chapter 12. A Play, Not a Position.
• Chapter 13. Minding the Gaps.
• Chapter 14. Tops and Bottoms.
• Chapter 15. Rectangles, Pennants and Flags.
• Chapter 16. Support and Resistance.
• Chapter 17. Trendlines and Channels.
• Chapter 18. Targets and Cycles.
• Chapter 19. Ease of Movement and Volume Adjusted Moving Averages.
• Chapter 20. Is the Market Going To Go Up or Go Down?
• Chapter 21. The Arms Index.
• Chapter 22. Market Tops and Bottoms.
• Chapter 23. In Conclusion.
• About the CD-ROM.
• Index.