Product Description

Richard Arms is one of the world’s most respected stock market technicians. His expertise in this field is unparalleled, and now, with Stop and Make Money, he 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. With this book as your guide, you’ll quickly discover how to anticipate short-term stock market moves and improve your overall trading activities.

Product Details

• Amazon Sales Rank: #673052 in Books
• Published on: 2008-01-02
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 195 pages

Review
"...a valuable addition to the limited literature available...essential reading for any trader who uses candles on a regular basis."The Technical Analyst June 2008 "Richard Arms' 'equivolume' charts provide the clearest depiction of how price and volume interact." (Investors Chronicle, March 27th 2009)

From the Inside Flap

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.

From the Back Cover
Stop And Make Money

"Dick Arms has produced one of the most interesting, innovative, and entertaining books on trading I have seen. He describes the difference between fundamental and technical analysis in the clearest terms and introduces his concept of 'Power Box,' a powerful tool for determining trades. Finally, his discussion of the great value of stop orders is long overdue in the literature. I unhesitatingly recommend it for the beginning trader as an excellent description of a specific trading method and for the professional as a reminder of trading basics that should never be forgotten."
—Charles D. Kirkpatrick II, CMT, Editor, Journal of Technical Analysis, and coauthor, Technical Analysis: The Complete Resource for Financial Market Technicians

"I say: go read the book that says Stop and Make Money. Dick Arms addresses the assumed risks in short-term trading. His expert application of technical analysis and the use of stops are the tools that will help you make money."
—Ralph J. Acampora, CMT, former director of technical research, Knight Equity Markets, LP

"A splendid book! The first two chapters allow traders to quickly review Arms's methodology and techniques—and the drill-down concept in those two chapters allows them to quickly dig deeper on a particular topic. Everyone from novice to expert will find many nuggets of wisdom in these pages; even after forty-plus years, I certainly did!"
—Walter Deemer, Publisher, Walter Deemer's Market Strategies and Insights

Customer Reviews

A user guide for the author's proprietary TA tools
Unless you are going to learn the author's proprietary Equivolume Charting System and to subsribe particular websites (MetaStock recommended in this book with a one month free trial), please give this a pass. For those who want to learn TA, there are plenty of better alternatives, say, "High Probability Trading by Marcel Link".

Best Book on Trading I've Read
Being relatively new to trading, I wondered if the information in the book would be over my head. Instead I found it very interesting, easy to understand and even entertaining. It's full of charts and examples and has a disk for a free month's subscription to MetaStock so the reader can experience the charting first-hand.

Since reading Richard Arms' book, I've been able to avoid losses and take more profits by carefully evaluating the direction of the market and using stop orders to both enter and exit trades. I never considered entering a trade with a Stop Limit order before. The concept is brilliant and it works like a charm.

Don't be put off by the price of this book. It is literally "worth its weight in gold." It's one you'll keep on your desk and refer to often.

Buy What I Already Published If You Really Want to Know
I really hate when an author gabbles on about stuff that was in his prior published work...particularly when all I need is the formula. So, I've gotta run out and buy all the prior stuff just to understand the current stuff.

Lot's of sizzle...but where's the beef? The hot dog is the hybrid axis that is time...now it is a stretched non-linear axis that has volume concomitant with big power boxes.

Although it is really no surprise, there is zero statistical or even pseudo-analytic support for the methodology Arm's pushing here. eSignal gave a big plug to this volume. It really isn't worth much.