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The Simple Strategy - A Powerful Day Trading Strategy For Trading Futures, Stocks, ETFs and Forex Paperback – November 4, 2014

by Markus Heitkoetter (Author), Mark Hodge (Author)
4.0 4.0 out of 5 stars 974 ratings
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There is a newer edition of this item:

PowerX Strategy 2nd Edition: How to Trade Stocks and Options in Only 15 Minutes a Day
PowerX Strategy 2nd Edition: How to Trade Stocks and Options in Only 15 Minutes a Day
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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. "The Simple Strategy" Is Easy To Understand And To Trade The Simple Strategy is very popular amongst traders for the following reasons: Clear Entry Rules When trading “The Simple Strategy”, there’s 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” Clear Exit Rules When trading “The Simple Strategy” you’ll know when to exit even before you enter the trade. So, you 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 auto-pilot once your entry order is filled. This keeps trade management to a minimum. It's easy and simple. Taking advantage of small intraday trends 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 and 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. You don’t need a sophisticated trading software If you want to trade "The Simple Strategy", you only need a charting software with “basic” charting capabilities: Your charting software needs to be able to plot RANGE BARS, BOLLINGER BANDS, MACD and RSI. More than 90% of the charting software packages that are available today have these capabilities. There’s no need to buy any proprietary indicators or expensive charting software! In short: “The Simple Strategy” can greatly simplify your trading. *** WARNING: This Book Is NOT For Everybody! *** Do NOT buy this book if... ... You Are Looking For The "Holy Grail" Because it doesn't exist! When trading “The Simple Strategy”, there will be losses! Losses are part of our business as traders. The good news: If you follow the rules of "The Simple Strategy", then you will make more money on your profitable trades than you lose on your losing trades. In fact, the risk/reward ratio of this strategy is 1 : 1.5, so you can expect to make $150 for every $100 you risk. ... You Want To Automate Your Trading Strategies "The Simple Strategy" will give you clear entry signals, but it's up to YOU to decide if you want to take the signal. As an example, I personally do NOT trade right into a major report. And I only trade the first two hours after the markets open, since most trends occur during this time. Makes sense? <... You Are Absolutely New To Trading You should have a basic understand of charts and how to use them. And you need to know how to display indicators on your charting software. This book is NOT an introduction into trading. In this book you will learn how to configure your charts, when to enter a trade, where to place your stop loss and when to take profits. This book is not promising trading riches. But if you use "The Simple Strategy" as outlined in this book, you will put the odds in your favor with a proven trading strategy. Ready To Get Started? At this price you can't lose, so scroll up and grab a copy today!
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Previous page
  1. Print length
    86 pages
  2. Language
    English
  3. Publication date
    November 4, 2014
  4. Dimensions
    6 x 0.2 x 9 inches
  5. ISBN-10
    0692329242
  6. ISBN-13
    978-0692329245
  7. See all details
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Product details

  • Publisher ‏ : ‎ Markus Heitkoetter (November 4, 2014)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 86 pages
  • ISBN-10 ‏ : ‎ 0692329242
  • ISBN-13 ‏ : ‎ 978-0692329245
  • Item Weight ‏ : ‎ 6.4 ounces
  • Dimensions ‏ : ‎ 6 x 0.2 x 9 inches
  • Customer Reviews:
    4.0 4.0 out of 5 stars 974 ratings

About the author

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Markus Heitkoetter

Markus Heitkoetter

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Time flies, doesn't it?

It's hard to believe that just 10 years ago I was still stuck in the corporate rat race, working for IBM. I was working 60-80 hours a week, thinking that I had "job security." - What an illusion!

10 years ago I was still living in Munich, Germany, wondering if I will ever be able to retire comfortably and to enjoy the things that really matter in life.

And now - just 10 short years later - I'm living right at Lake Travis in Austin, TX. As I am writing these lines, I'm sitting on my deck overlooking the pool. It's December, but the temperature are still in the upper 70s, and I'm feeling the warm sun on my face. Behind the pool I see the sail boats gracefully gliding through the lake. The kids are 7 and 9 years old now, and they are playing with Riley, our border collie.

Over the past 10 years I have been able to focus on trading and achieve what many would call "The American Dream." I am my own boss now, and life is good.

But it hasn't been easy to get to this point. Trading is tough, and it took me a while to figure out what it REALLY takes to become a successful trader. Years ago, when I started trading, I thought all I needed was a "profitable trading strategy" - or a "trading system with a proven track record." And I would spend a lot of money, time and effort on buying trading courses, strategies, systems, books - just to realize that they did NOT help growing my trading account.

I wasted a lot of time and money and did not realize, that the missing piece of the puzzle was right in front of me, hiding in plain sight! I was too busy trying to find "the good stuff" by attending webinars, seminars, reading eBooks and wasting countless hours on the Internet.

Do you know the feeling when you finally discover the solution to a problem that you've been battling with for so many years, and then you wonder why you didn't see it earlier? The "Duh" moment when everything finally comes together, the fog is lifted and you can now clearly see what you've done wrong? When you ask yourself "how could I waste so many years?"

On my website http://www.rockwelltrading.com/day-trading/members/adventures/ I will tell you about the adventures of a trader - MY adventures. I want to share with you why I left the corporate world 10 years ago, moved 5,621 miles from Munich to Austin, TX to become a professional trader, how I struggled and the important lessons learned from these experiences, and how I finally "got it."

On that website you will see the links to several "chapters" of this book, and I invite you to join me on my journey. And no, this is NOT a "look-at-me-I-am-so-awesome" story. In fact, often it's not glamorous at all! I will openly confess the mistakes that I made, how I lost a lot of money and wiped out my account several times, and how stupid I was falling for all the false promises of the "trading gurus", wasting a lot of time and money!

I am convinced that often you might see yourself in this story, and I hope that my story will help you to avoid some of the mistakes that I made - and save you some time and money!

To read the whole story, please visit http://www.rockwelltrading.com/day-trading/members/adventures/

Customer reviews

4 out of 5 stars
4 out of 5
974 global ratings
Failed Backtests but Some Good Info Inside
3 Stars
Failed Backtests but Some Good Info Inside
It's okay. My review is based on numerous backtests of the strategy outlined in this book. I trade stocks on a 5 minute bar. Backtests were conducted using Wealth-Lab Pro on 400+ common stocks on NYSE, NASDAQ, and AMEX exchanges with at least 1MM shares traded daily. I read the book several times and referred to it many times to ensure backtests were coded in a way that matched the author's intent as accurately as possible. However, my tests were conducted using time bars which the author says are acceptable, but he clearly recommends range bars.Pro- The book does outline a strategy with many of the required mechanics. Both long and short strategies are described.- Straight to the point. Easy read. 1 hour max.- Reasonably priced.- Reviews some very common indicators that we should all be familiar with.Con- The strategy is not profitable for my target market based on above backtests.- The book is ambiguous in a number of areas. Words like &#34;at or near&#34; leave the reader wondering what the exact rule is.- There is not enough info on market selection. The book says that the strategy is universal, but it also says a trend is required. Does the MACD qualify the stock as having a trend? Is a mid or long term trend required? The reader is left guessing.In summary, don't expect to implement the strategy outlined in this book and start making money if your trading profile is similar to mine (above). However, there is some good info in the book that can't hurt to learn or refresh yourself on. With some modifications it is conceivable that a strategy similar to &#34;The Simple Strategy&#34; could be profitable.
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Top reviews from the United States

Christie Lynn
5.0 out of 5 stars Great eBook (charts and examples are A+++)
Reviewed in the United States on August 3, 2013
Verified Purchase
This eBook is a step by step guide for the "Simple Strategy", but also the foundation for ANY solid strategy that a trader would want to consider. Kudos to the author for sharing a well rounded and thought out trading method. In the eBook Markus encourage traders to begin focusing on signals that produce a 50% winning percentage and then go from there. Although some traders might be discouraged by a 50% winning percentage, I think this is very realistic based on what I'm seeing, which isn't bad for just starting.

PROS: Dozens of charts with clear entry and exit rules. I also like the idea of volatility exits that adjust to different market conditions.
CONS: At first I was a little concerned about how to enter since range bars were a new concept to me, but there is a chapter on using time bars as an alternative and after I looked at some range bar charts I now understand the idea of "anticipating" a signal using range bars.

I do feel better about trading trends after reading this book, but now I just need some more experience and practice with the strategy. My focus is on futures but it looks like the rules for Forex are the same and I like that the strategy can be traded in different markets.
21 people found this helpful
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Denisse
4.0 out of 5 stars Nice strategy but not what I am looking for
Reviewed in the United States on July 28, 2020
Verified Purchase
This is a well-written book, but I think it is a little confusing at the time of applying this strategy to stocks. I am a stock trader and a newbie, and I feel that this strategy will not benefit me a lot. For this reason, I give it 4 stars. Also, pictures are not very clear to me. This book is more for people that want to invest in futures.
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George Woodard
5.0 out of 5 stars As we speak, I am using the strategy
Reviewed in the United States on April 7, 2014
Verified Purchase
As someone who just started learning Options trading as of last summer and trading stocks for over 4 years, I have been buying books and scouring the internet to gain better knowledge on Technical Analysis, Options Mechanics and just sharpening my trading, this has got to be the best and most simplest book i have ever bought. Now I graduated undergrad as a Business Admin-MIS major, some emphasis in Computer Science and now studying my MBA in IS and Computer Science, i'm pretty sharp in the mind. So when I decided to start learning investing I bought a few books, which I thought were pretty good but I started to search more and more and really needed something along the lines of learning specific strategies for Intraday/Swing/Momentum trading. This book did it. Like i said I am now a more focused options trader and just bought this book two days ago, back tested the strategy and its clear, cut and straight to the point...just how I like it. I studied the strategies in this book separately and have done moderately well in Options trading but as I am writing this and testing the strategy in the market as we speak, the strategy works. I wish I would have bought this book a few years ago. I highly recommend this book if you are looking for a simply strategy as the book is titled, so you can actually help consistently increase your portfolio. I am about to update my trading plan today!!

Update: So I decided to come back and write an update review on this book. This book has done wonders for me. I updated my trading plan to incorporate this strategy in my trading and I've consistently had winning trades. The market, of course, will have its own direction but using this strategy will help follow that direction and snag some profits. For example, since I day trade options I make sure all my positions are flat by EOB and usually only trade securities that have a large daily swings, I tested this strategy with JC Penny which usually swings between a 10 - 30 cent change daily on the stock, I was able to get a 100% return on an Options trade because of this strategy. Now I maintain a set watchlist (about 10) of companies I trade using just this strategy. It works people. It's very simple, takes a lot of the confusion and noise out of the trading and the strategy makes sense because of the type of investment you are working with (read the book to find out what I mean by that). I am always looking to sharpen my trading strategy and this book did the trick. I actually started to learn other indicators and pair with this strategy and it's paying off. Get this book!!
24 people found this helpful
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Grant Christy
3.0 out of 5 stars Yes but no
Reviewed in the United States on October 3, 2022
Verified Purchase
It lays out the most basic way to day trade. While looking to day trade a stock, if it meets this criteria buy it. If it doesn't, don't. It doesnt explain much in depth and leaves a lot out. But it does exactly what it says. Teaches you a simple strategy. This book could be 5 pages long and a google article in my opinion. If you can follow it with out emotion great but you will be trading blind and eventually take a lose.
2 people found this helpful
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Happylada
4.0 out of 5 stars Basic, simple and workable
Reviewed in the United States on January 24, 2014
Verified Purchase
I'm NOT sure what people expect from something like this - but as a 10 years trader, I sure wish I had had something like this when I started. Have I moved past it? Probably. BUT I am going to impliment at least one of his ideas into my daily trading - that ALONE makes it worth the price. Its ALWAYS good to go back to basics and review your stategy. I read it all. AND paid to do so.
3 people found this helpful
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Amazon Customer
5.0 out of 5 stars An excellent little strategy book
Reviewed in the United States on January 28, 2014
Verified Purchase
I thought this was an excellent little trading book because it describes a real-life day trading strategy (most often used on futures markets), explains everything clearly, and gives lots of examples. I've read many dozens of trading books, and very, very few actually describe a real life trading strategy in such detail.

Other reviewers unfamiliar with range bars seem to have issues with them, but I've been using them for many years for both manual and computerized algo trading, and they are my preferred bar style, for sure. So if you haven't heard of them, take it as an opportunity to learn about them and try them out.

The author mentions the Genesis FT charting software (among others), and I can also vouch for Genesis. I've been using their software for many years, and have not found any other charting package that is so flexible. And their support is excellent, like the author's website support.

There are no gimmicks or omissions in this little book. It's very well written, and easily worth the price. Many years ago I had the experience of working with the author's company and trading rooms (live web trading rooms) where users were guided through making trades in real time using the strategies in this little book. So it's all very, very real.

I would easily recommend this book to anyone who is interested in trading.
38 people found this helpful
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Top reviews from other countries

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Roberto Quezada
5.0 out of 5 stars Buen libro
Reviewed in Mexico on January 3, 2018
Verified Purchase
Hay muy buenos consejos aquí. Es un sistema sencillo y poderoso. Muy útil para traders novatos y avanzados.
Muy recomendable.
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Cliente Amazon
5.0 out of 5 stars Molto utile
Reviewed in Italy on May 27, 2016
Verified Purchase
Bellissimo libro , grazie Markus. La versione per Kindle è molto smart in quantoconsente di consultarlo tramite smartphone ovunque e in qualsiasi momento
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Joseph stone
5.0 out of 5 stars Great Little Book! Step by step instructions
Reviewed in the United Kingdom on March 8, 2016
Verified Purchase
Great little book! Shows you each step to the strategy with great examples! It won't make you a millionaire but it will give you a fantastic idea into the technical side of trading for beginners and after studying the strategy and testing it I found it a very useful and stress free way of trading! Great fun, for the price of the book I think anyone interested in trading should not only give it a read but also give it a go! NOT MANY BOOKS LIKE THIS OUT THERE SO PICK IT UP YOU WONT REGRET IT!
One person found this helpful
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5.0 out of 5 stars Simple Strategy
Reviewed in the Netherlands on October 7, 2015
Verified Purchase
The Simple Strategy is easy to read and understanding book. I Will use this Strategy by my trading in MT4.
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BreizhTrader
5.0 out of 5 stars Very good, little strategy...
Reviewed in France on May 6, 2015
Verified Purchase
Read the book very quickly, and put into place what it preached. Very interesting and a new perspective for me and my trading strategy. Recommend this book as an add to your collection of trading books, enjoy.
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