About the Author
My name is Panayiotis Markou and I am a professional trader of the future markets. By saying professional trader, I mean that my job is to trade the futures from my house in order to make a living. My father has been trading the futures since I was a child. I remember myself asking him questions all the time about the stock market but he would not answer all of them. He would quote the very common phrase: if you have a friend, give him a fish, but if you really love him, teach him to fish on his own. So, he gave me books to study in order to learn, on my own, how to trade. Of course, later, when I was old enough and he could trust me, he taught me all he knew, and, of course, his system, which was fantastic. By the time I had learned his system I was feeling like the ruler of the world. I immediately started trading and making my own money. It was a very nice feeling as I remember. Over the years I have perfected my father's system by altering a few parameters. As a student in high school, I was very bad and I think the worst in all six classes. I was only good in mathematics during the last two years of school, and by studying a little harder I managed to enter the University of Economics in Athens. Do not think that I was a good student at university either. I passed all the exams by cheating. I cannot remember a lesson in which I did not cheat to pass it. During 'studies' at university, I attended many technical analysis and fundamental analysis seminars and I read many books concerning these two subjects. Fundamental and technical analysis are the two ways that one can 'play' in the stock market. I was a fan of technical analysis from the beginning and my final conclusion is that technical analysis is the best investment tool for the stock market. After having studied the first two chapters which are only an introduction to technical analysis, I will teach you to 'fish your own fish' as my father taught me. I will present the rules of his successful trading system with the changes I have made and I will show you in reality how simple these rules are, even for a child to follow. We will trade the s&p 500 step by step from 1983 to 2009 with graph display. Each trade will be explained and in the end you will see how simple it is. When you know the rules of my trading system, you will only have to look at the chart for a moment to make your decision: go short or go long that is the question, buy or sell. But never use money that you are in need of.