Chris Perruna recently posted a quick article including various examples in his post “Position Sizing:Â Determining the Number of Shares to Buy.” Specifically, Chris also provides his free “Position Sizing Excel Sheet with Stops” which I have used in the past and sometimes still use in setting up longer term swing or position trades –…
Alan Farley (author of The Master Swing Trader, an essential book in my opinion) recently added an eye-opening article at the HardRightEdge.com site entitled 20 Ways to Stop Losing Money in 2008. Farley begins the list with an admonition that hits you right in the face: “The vast majority of retail traders lost money in…
The Lonely Trader recently posted a very detailed post entitled “What I would look for in a Trading Coach“. I highly recommend the post and offer a few points in summary from the article: “[Avoid] coach or mentor with too many endorsements on internet….” “[Avoid] someone who appears to take a cookbook approach, or has…
Ray Barros at the Blog for Trading Success recently treated readers to one of the best examples I have ever seen of a freely offered trading business plan at the conclusion of his post entitled “Routine and Habits: The Trading Plan“. He provides a brief commentary and sample outline for readers to consider when completing…
Bonddad at the Bonddad Blog recently posted brief analysis entitled “Will the Correct SPY Please Stand Up?” that offers multiple perspectives on the current technical chart/perspective of the S&P 500 Exchange Traded Fund, which also highlights why technical analysis is more of an “art” than a science. The current analysis of market conditions is indeed…
The staff at Minyanville posted a thought provoking article entitled “Never Bet Against the House,” in which the author discusses some of the consequences and unintended effects of the increasing willingness by the government to “bail out” risk-seeking investors. In the opinion piece, Malcolm states: “Not only have risky investments been deliberately supported by government…
Congratulations to Dr. Steenbarger at the TraderFeed blogspot for its two year anniversary! Dr. Steenbarger’s site was one of the first blogs I discovered and have read almost every day, and I have gained so much insight from reading his posts, and I wanted to extend an extra word of thanks for his support of…
The TyroTrader presented interesting thoughts in “Society and Trading” which questions how much social support you receive from your friends and family while pursuing a career as a retail trader. He references Nassim Talib’s book Black Swan and addresses differences between a society in which everyone works diligently day by day to make a decent…
Dr. Steenbarger at the TraderFeed blogspot recently posted his observations on “Questionable Things I Hear from Traders,” and he detailed each of these concepts. I wanted to highlight his entry, and call attention to a few of the points and make you potentially self-aware in your own trading experiences. He advises against perfectionism, something with…
Dr. Bruce Hong at TraderPsychology posted an excellent series regarding the crucial factor of Writing a Trading Plan and I wanted to call attention to this extremely helpful series of posts. I’ve heard it said that a vast majority of market participants do not have a written trading plan that they developed themselves, and that…