Fly Fishing the Stock Market: How to Search For, Catch, and Net the Market's Best Trades

Fly Fishing the Stock Market: How to Search For, Catch, and Net the Market's Best Trades

By Stephen Morris

How the strategies and tactics of fly fishing can translate to improved trading performance Much like trading, successful fly fishing requires both an understanding of "big picture" conditions and the ability to implement tactical techniques to actually catch the fish. In Fly Fishing the Stock Market , Dr.

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Book Information

Publisher: Wiley
Publish Date: 08/07/2012
Pages: 304
ISBN-13: 9781118336045
ISBN-10: 1118336046
Language: English

Full Description

How the strategies and tactics of fly fishing can translate to improved trading performance

Much like trading, successful fly fishing requires both an understanding of "big picture" conditions and the ability to implement tactical techniques to actually catch the fish. In Fly Fishing the Stock Market, Dr. Stephen Morris compares his method for trading stocks with his favorite past time, fly fishing--providing fresh insights into his successful trading approach. Engaging and accessible, this book skillfully describes how Morris applied this approach to generate an astounding 268% growth in his account in the volatile and confusing, post-financial crisis markets.

Morris explains how he uses technical indicators to determine what he calls the "market season" and how he then zeros in on individual stock patterns to make his trades. He also reveals unique tools, such as the Market Timing Monitor and Weather Station, which give him a sense of the market's long-term condition and provides the basis for his trading and risk management strategies.

  • Filled with the authenticity of a real trader figuring out how to uncover profitable trading opportunities
  • A companion Website contains supplementary material that allows you to learn in a hands-on fashion long after closing the book
  • Provides a compelling portrait of how a successful trader thinks about markets, develops a method, and then implements the method in real time
  • The author's spectacular returns are backed by publicly documented records

Just like fly fishing, traders must adjust their approach constantly because market conditions constantly change. This book will help you achieve this elusive goal, and capture consistent profits in the process.

About the Author

Stephen Morris is one of the top performing traders of Alexander Elder's SpikeTrade Group, generating a gain of 264% in his SpikeTrade equity during the turbulent and confusing markets of 2008-2010. He has been a guest instructor at an Elder-sponsored trading camp and operates a blog, Fly Fishing the Stock Market, which contains his Weathervane (Market Timing Monitor), weekly and daily market forecasts, along with commentary on long- and short-term buy signals and specific market patterns.

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