Lee Tang - Dual Momentum Trend Trading: How to Avoid Costly Trading Mistakes and Make More Money in the Stock, ETF, Futures, and Forex Markets with This Simple and Reliable Swing Trading Strategy

Also by Lee Tang

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Dual Momentum Trend Trading:How to Avoid Costly Trading Mistakes and Make More Money in the Stock, ETF, Futures and Forex Markets with This Simple and Reliable Swing Trading Strategy.

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Title: Dual Momentum Trend Trading

Subtitle: How to Avoid Costly Trading Mistakes and Make More Money in the Stock, ETF, Futures and Forex Markets with This Simple and Reliable Swing Trading Strategy

Author: Lee Tang (leetang888@gmail.com)

Publisher: LMT Press

Copyright 2015 by Lee Tang

All rights reserved. Aside from brief quotations for media coverage and reviews, no part of this book may be reproduced or distributed in any form without the authors permission. Thank you for supporting authors and a diverse, creative culture by purchasing this book and complying with copyright laws.

First Edition: March 2015

Issued in print and electronic formats.

ISBN-13: 9781548201012 (paperback)

ISBN-10: 1548201014 (paperback)

ISBN 9780995943148 (ebook)

Limit of Liability/Disclaimer of Warranty: The publisher and author make no representations or warranties with respect to the accuracy or completeness of these contents and disclaim all warranties such as warranties of fitness for a particular purpose. The website addresses listed in the book were correct at the time going to print. However, the publisher and author are not responsible for the content of third-party websites, which are subject to change.

This ebook, including all its parts, is protected by copyright and must not be copied, resold or shared without the permission of the author. If you liked the book, then recommend your friends to download their own copy on LMT Press. If you would like to share this book with another person, please purchase a copy for each person. If youre reading this book and did not purchase it, or it was not purchased for your use only, then please return to LMT Press and purchase your own copy. Thank you for respecting the hard work of this author.

To my wife, Lillian, who is the source of energy and love for everything I do, and to Andrew and Amanda: watching you grow up has been a privilege.

BY READING THIS book, you acknowledge that trading is risky and you could have substantial losses that exceed your capital investment. Trading financial instruments profitably is very difficult and is not for everyone.

This is an informational book and nothing associated with it should be construed as specific advice to buy or sell (or not buy or sell) any financial instruments, or be implied as a way to guarantee profitable trading. No one associated with it accepts any liability for any losses or damages relating to any content in here. Any mention of trades in financial instruments should be assumed to be hypothetical.

We recommend that you consult with a licensed, qualified professional, before making any investment decisions. It is the individuals responsibility to perform due diligence in regards to all trades and entities with which you choose to do business.

Preface

Why I Wrote This Book

T rend trading is a popular strategy used by many new and experienced traders because of its simplicity. It a nutshell the strategy requires you to look at charts and recognize trends. Once youve established that there is a trend, you buy dips on an uptrend and sell rallies on a downtrend. Statistically speaking, there is a great chance that the trend will continue and you will make a profit.

If trading is that simple, how come over 90 percent of traders are not successful? Here are the main reasons:

• Trading without a plan

• Buying dips (or selling rallies) blindly - not realizing the trend is coming to an end

• Taking profits too soon - leaving too much money on the table

• Exiting too late - slow to exit when the trend reverses

• Trading against the dominant trend

• Trading on small time frames - small time frame traders tend to over-trade and over-analyze and are more exposed to whipsaws and shakeouts from intraday market noise that is almost impossible to predict

I had made all these mistakes in the past and don't want any other aspiring traders to go through the struggles I went through! I wrote this book for traders like you who want to learn how to trade using a profitable trading strategy that is robust enough to prevent the trader from making these costly mistakes. I have written this book because I wish I had something like this all those years ago when I first started trading.

Introduction

Why You Should Read This Book

T his book gives you a simple and reliable trading system that you can use right away with no guessing or tweaking required. The basic system was first unveiled on a public forum several years ago and this book takes it to the next level by using daily charts as the primary trading time frame and adding a trend and momentum filter. If you follow this system correctly, you will be taking high probability trades only. The system will keep you in the trade for as long as the trend is running strong so that you will not be leaving money on the table by exiting too soon. With this system in your trading arsenal, you will not be making the mistakes most traders made, i.e., over-trading and over-analyzing, which are the main reasons why most traders are not profitable.