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The Big Trade: Simple Strategies for Maximum Market Returns


Praise for The Big Trade

"It has never been more important for investors—individual and institutional alike—to have a firm handle on the nexus between East and West. Fortunately, we have Peter Pham, whose experience allows him to transcend borders and focus on what matters most."
—Joshua Morgan Brown, author of The Reformed Broker, (

"A refreshingly honest and direct account of the difficulties of trading and how to succeed. Peter Pham's genuine passion and engaging style makes it not only an easy read but a must-read 'truth' book for all traders. His insightful explanation of the challenges facing traditional technical analysis is one of the best I've read. This is a book that both new and experienced traders will come to value."
—Brent Penfold, trader and advisor ( and author of The Universal Principles of Successful Trading

"Traders have had to battle the markets, themselves, and each other since the dawn of commerce. They now have to battle a new element: machines devoid of emotion and limited in their adaptability but capable of overwhelming people by virtue of speed and often their weight of volume. Peter Pham's refreshingly honest approach to market analysis and trading as a business is a great start for everyone in our strange new market battleground, where all of the old rules still apply and no one yet has figured out what the new hybrid of man vs. man vs. machine will look like."
—Howard L. Simons, President of Simons Research

PETER PHAM is recognized worldwide as an expert consultant in global equities with more than twelve years of experience in all aspects of capital markets. He has held senior positions at several respected brokerage and investment firms, and worked with some of the world's largest international funds. Pham's site,, is an independent research and consulting firm focused on Southeast Asia, where he publishes his views on the capital markets and trading daily. He was a rated broker in Asiamoney's 2012 Broker Poll of fund managers and currently resides in Ho Chi Minh City, Vietnam.



Chapter 1: Breaking with Tradition
Then I Got High
Training Sequence
Technical Difficulties
Reading Is Fundamental
Inductively Coupled Failure
The Big Trade
We’re Getting the Band Back Together

Chapter 2: The Conditions of Change
Livin’ on the Edge
Closing Time
The Outsiders
Living Day to Day
Sold to the Highest Bidder
Breaking It Down
Finites Move in Infinite Markets

Chapter 3: Wax On, Wax Off
What Goes Around Comes Around
It’s Always Noon Somewhere
Opening Range Jitters
Objects in Motion

Chapter 4: As the Market Turns…
Subconscious Implications
Elephant Walk
Breakouts vs. Reversals
Losing Your Inhibitions
Reversal of Fortune
Traders Do it With Frequency
Rules of Engagement
Turn Around and Make Money
Heading for the Exits
Becoming a Reactionary

Chapter 5: The Range is Your Friend
Waves of Sentimentality
Where Are They Now?
The Edge of Value
The Great One

Chapter 6: Closing Arguments
Crossing the Great Stream
Pressing the Issues
The Point of the Journey is not to Arrive

Appendix A
Terms and Definitions

Appendix B
Trading Examples

Appendix C
Spreadsheet Examples

Appendix D
Supporting Data for Nvidia Example in Chapter 4

About the Author