Anne-Marie Baiynd

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Anne-Marie Baiynd
Anne-Marie Baiynd.png
BornJanuary 11, 1966
Port of Spain, Trinidad
OccupationNon-fiction writer, financial analyst
NationalityAmerican
Notable works"The Trading Book: A Complete Solution to Mastering Technical Systems and Trading Psychology" (2011)

Anne-Marie Baiynd (born January 11, 1966) is an American author, financial analyst, technical analyst. Baiynd published her Market Positioning System (MPS) in 2011 to educate beginning day traders on the tools and techniques that have her listed in Traders at Work: World's Most Successful Traders Make Their Living in the Markets. Baiynd runs a day trading room where subscribers can follow her trades online and provides swing trading set-ups as well as trading education through her web site.

Contents

Background

Baiynd majored in applied mathematics at the University of North Carolina at Asheville. [1] [2] Her master's work included "statistics, biostatistics, and behavioral studies". [2]

In 1994, Baiynd began conducting research on the efficacy of vagus nerve stimulation in the treatment of intractable epilepsy at Carolina Neurological. From there she began engaging the public as a corporate speaker and trainer. She also held a position as a vice president of sales and eventually served as CEO of the recruitment firm, SPIRIT ipds, Inc., until 2006. [1] [2]

While attending a SUCCESS magazine convention in 2005, she was introduced to technical analysis at a session led by Phil Town. [2] After 14 years in recruiting she took this opportunity to make a change in her career. [2]

Baiynd took one class from Investools and began trading real money. [3] After struggling in the markets for 18 months, Baiynd stopped trading with real money and began paper trading to learn market rhythms. [2] [3] Baiynd is primarily a self-taught technical analyst though she does credit Brian Shannon and Peter Reznicek for her learning about multiple time frames and market internals such as ticks. [2] [4] Early in her career she considered herself primarily a swing trader. [3] Baiynd applies technical analysis for trades on multiple time frames for shorter term trading and not for longer term "Buy and hold" investments. [5] [6]

Soon after StockTwits launched their services in 2009, Baiynd joined the service and began offering trade suggestions and advice. StockTwits founder Howard Lindzon, in his book The StockTwits Edge, states that "While I've not met Anne-Marie, her reputation for good ideas is second to none. She offers complete and detailed ideas around her strategy and then follows up with commentary on how trades performed." [7] In the 2013 E-book on THE BEST OF THE BEST by Brian Lund, Baiynd's mental and chart analysis philosophies from StockTwits are quoted. [8] [9]

Baiynd was interviewed as one of the "World's Most Successful Traders" by Tim Bourquin and Nicholas Mango in their book Traders at Work: How the World's Most Successful Traders Make Their Living in the Markets. [1]

She can currently be seen on TopstepTV most days of the week through her partnership with the prop firm Topstep.

Market Positioning System

Baiynd first published her Market Positioning System (MPS) in 2011. [10] She covers the details of the MPS in detail in her first book The Trading Book: A Complete Solution to Mastering Technical Systems and Trading Psychology. [10] The book is geared towards beginning day traders. [11]

One unique feature in the book is that Baiynd speaks explicitly about her failures early in her trading career and what she did to overcome these challenges. [11] She describes in great detail with large charts her MPS and how she trades the momentum as the prices move. [11] Her MPS applies the concepts of support and resistance levels, price channels, moving averages, Fibonacci retracements and Bollinger Bands to select the proper time to enter a trade long or sell short. [11] [12] Even though the book is written with the novice in mind, traders that already use these tools can take away information about their subtleties. [12]

Baiynd also describes the need to create a trading journal to log your daily activities so that you can perform a through after action review of trades that went well as well as those that did not. [11] [12] She also follows up with examples from her own journal. [11] This builds a framework around her discussions on the psychological side of trading. [12]

In the book review by the magazine Futures, reviewer Leslie Masonson states that Baiynd provides a very "actionable and pragmatic approach to day trading." [11] Brenda Jubin at Seeking Alpha stated that the book "may not be the greatest thing since white bread, but it’s a darned good read." [12]

Related Research Articles

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Swing trading is a speculative trading strategy in financial markets where a tradable asset is held for one or more days in an effort to profit from price changes or 'swings'. A swing trading position is typically held longer than a day trading position, but shorter than buy and hold investment strategies that can be held for months or years. Profits can be sought by either buying an asset or short selling. Momentum signals have been shown to be used by financial analysts in their buy and sell recommendations that can be applied in swing trading.

<span class="mw-page-title-main">Bollinger Bands</span> Statistical price volatility chart

Bollinger Bands are a type of statistical chart characterizing the prices and volatility over time of a financial instrument or commodity, using a formulaic method propounded by John Bollinger in the 1980s. Financial traders employ these charts as a methodical tool to inform trading decisions, control automated trading systems, or as a component of technical analysis. Bollinger Bands display a graphical band and volatility in one two-dimensional chart.

Algorithmic trading is a method of executing orders using automated pre-programmed trading instructions accounting for variables such as time, price, and volume. This type of trading attempts to leverage the speed and computational resources of computers relative to human traders. In the twenty-first century, algorithmic trading has been gaining traction with both retail and institutional traders. A study in 2019 showed that around 92% of trading in the Forex market was performed by trading algorithms rather than humans.

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A stock trader or equity trader or share trader, also called a stock investor, is a person or company involved in trading equity securities and attempting to profit from the purchase and sale of those securities. Stock traders may be an investor, agent, hedger, arbitrageur, speculator, or stockbroker. Such equity trading in large publicly traded companies may be through a stock exchange. Stock shares in smaller public companies may be bought and sold in over-the-counter (OTC) markets or in some instances in equity crowdfunding platforms.

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The doji is a commonly found pattern in a candlestick chart of financially traded assets in technical analysis. It is characterized by being small in length—meaning a small trading range—with an opening and closing price that are virtually equal. The efficacy of technical analysis is disputed by the efficient-market hypothesis, which states that stock market prices are essentially unpredictable.

<span class="mw-page-title-main">Howard Lindzon</span> Author and financial analyst

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References

  1. 1 2 3 Bourquin, Tim; Mango, Nicholas (2013). Traders at Work: How the World's Most Successful Traders Make Their Living in the Markets. Apress. ISBN   978-1430244431 . Retrieved April 29, 2013.
  2. 1 2 3 4 5 6 7 Gopalakrishnan, Jayanthi; Faber, Bruce (2011). "Trade Smart With Anne-Marie Baiynd". Technical Analysis of Stocks & Commodities . Archived from the original on June 15, 2013. Retrieved April 30, 2013.
  3. 1 2 3 Hoffman, Damien (February 17, 2010). "Exclusive: Top Indie Trader Anne-Marie Baiynd". Wall St Cheat Sheet. Archived from the original on April 4, 2013. Retrieved April 29, 2013.
  4. ↑ Shannon, Brian (2008). Technical Analysis Using Multiple Timeframes. LifeVest Publishing, Inc. ISBN   978-1598795806.
  5. ↑ Sykora, Allen (March 15, 2012). "Webinar: S&P Capital IQ Analyst Looks For Higher Gold Price By Year-End". Forbes . Retrieved May 1, 2013.
  6. ↑ Russolillo, Steven; Cheng, Jonathan (May 16, 2013). "Day Traders Steer Tesla Higher". The Wall Street Journal . Retrieved May 16, 2013.
  7. ↑ Lindzon, Howard; Pearlman, Philip; Ivanhoff, Ivaylo (2011). The StockTwits Edge: 40 Actionable Trade Set-Ups from Real Market Pros. Wiley Trading. ISBN   978-1118029053.
  8. ↑ Lund, Brian (March 2013). TRADING: THE BEST OF THE BEST – Top Trading Tips for Our Times. BCLund.com Blog. Archived from the original on July 8, 2013. Retrieved April 29, 2013.
  9. ↑ Sizemore, Charles (August 8, 2013). "A New Kind Of Investing Book? Brian Lund Offers Advice From Real World Traders". Forbes . Retrieved August 10, 2013.
  10. 1 2 Baiynd, Anne-Marie (2011). The Trading Book: A Complete Solution to Mastering Technical Systems and Trading Psychology. McGraw-Hill. p. 272. ISBN   9780071766494. Archived from the original on March 25, 2012. Retrieved April 26, 2013.
  11. 1 2 3 4 5 6 7 Masonson, Leslie N (June 1, 2012). "The Trading Book: A Complete Solution to Mastering Technical Systems and Trading Psychology – Book Review". Futures . Archived from the original on May 25, 2013. Retrieved April 26, 2013.
  12. 1 2 3 4 5 Jubin, Brenda (July 11, 2011). "Book Review: Baiynd's 'The Trading Book'". Seeking Alpha . Retrieved April 26, 2013.
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