DescriptionAn investing strategy that actually works, tailored to the retail investor
Beating the Wolves of Wall Street pulls back the curtain on the myths and half-truths about trading that cause investors to lose money in the markets. This useful guide compiles the wisdom of over fifty professional traders and trading instructors from the Online Trading Academy to give retail investors the information they need to build an investment strategy better than anything they'll get from their financial advisor. Successful traders have key elements in common that help them beat the market, and this book reveals their secrets to help you level the playing field and start seeing better results. You'll learn why Buy and Hold strategies don't trickle down to be advantageous for the retail investor, and why you should immediately stop doing the things you've always been told were crucial.
Most individual retail investors are like sheep being led to the slaughter by the wolves of Wall Street. They believe that successful trading and investing is simply learning chart patters or 'old school' fundamental analyses that no longer work effectively in the current market. This book is designed to show individual investors how the markets actually work.
- Discover the two types of traders, and which one makes money
- Learn which strategies benefit which investors, and how it works
- Understand how your financial advisor's advice is losing your money
- Master what you should be doing, and learn what you should stop doing
You don't have to run with the wolves, but you should at least stop them from drawing blood. Successful investing is highly dependent on resources and context, and what works for them is not always the best choice for you. For a better strategy with better returns, Beating the Wolves of Wall Street is a no-nonsense, informative guide.
Part 1: Perception vs. Reality
Chapter 1: Good Lord, Not Another Book on Trading
The Realities of Financial Professionals
Trading is a Battle
How This Book Is Different
The Real Questions
Chapter 2: The New Normal
Getting Back to Even
Three Kids and a Dog
Buy and Hold is Dead
Funds vs. S&P
Diversification Does Not Save You in Crisis
Chapter 3: The World of “Retail” Brokerage Firms and the Media – Today’s Cult’s
Investing and Trading
Pie Chart Jockeys
Becoming a Financial Advisor
Becoming an Certified Financial Planner
Do We Really Need Pie Chart Jockeys?
Chapter 4: Institutional vs. Retail
Who are the Institutions?
How Institutions Make Money
The Media During Bear Markets
Chapter 5: the Worst Investment Choice Ever Invented
Why Mutual Funds Are One of the Worst Places to Invest
Does Fundamental Analysis Work?
How Institutional Traders Profit from the Mutual Funds
Wolves or Sheep?
Mutual Fund Fees
Chapter 6: the Playing Field Is Level and Fair
Retail investors and Institutional Investors
Chapter 7: Solutions – “The Psychosis or Psychology of Trading”
Part 2: Real Traders Making Real Money
Chapter 8: Sam Seiden – “The Architect”
Chapter 9: Bob Dunn – “The Mad Scientist”
Chapter 10: Eric Ochotnicki – The Mathematician “Turned $25,000 to $2,000,000 in two Years”
Chapter 11: Michael Young – “The Millionaire Maker”
Chapter 12: Brandon Wendell – "The Technician"
Chapter 13: Michelle Volmering – "Farm Girls Trade, too"
Chapter 14: Sam Evans – “The Gentle Brit”
Chapter 15: Jasmine Wang – Little Red Riding Hood: “She was actually a Wolf in disguise”
Chapter 16: Corey Lane – “Rock and Roll Meets Finance”
Part 3: The OTA Solution
Chapter 17: Eyal Shahar – Founder and CEO of Online Trading Academy
Chapter 18: John O’Donnell – "Chief Knowledge Officer"
About the Authors