Stockbee posted a thought-provoking column entitled “What are Your Goals in Trading?” that addresses the age-old question, “Should I trade to be right or should I trade to make money?” At first glance, and to many new traders, it would seem these two concepts are irrelevant because you make money when you are right… don’t…
Chris Perruna recently posted on the topic of Position Sizing and Expectancy (as discussed in great detail by Dr. Van Tharp – book reference included in post). Attached are a few quotes from the post: Most traders look for three major factors when developing a system: How much to trade on each position The right…
I know it’s a question on everyone’s mind, especially if you are new to trading. “How Can I learn how to Trade?!” or something of the like. Dr. Steenbarger provided a brief post with links to other resources to help you get started on your journey, or help give direction to current travelers. He begins…
Dr. Steenbarger recently posted on the topic of “Trading Regimes,” which are ‘relationships which exist between one or more variables and prospective price changes in a trading instrument.’ The relationships tend to be temporary, and one must discover various relationships and be open to the possibility of variance in analysis. Rather, regimes should be analyzed…
Dr. Steenbarger recently shared his personal story with readers regarding a recent life-threatening medical emergency he encountered. We are so glad he is doing better and that he has shared his experience with us, including lessons learned. Not only do the three lessons relate back to trading, but to life in general. Dr. Brett’s three…
Bill Luby at the VIX and More excellent blogsite posted two recent compilations regarding investment books you should consider reading. The first list is entitled “Ten Anectodal/Historical Book Ideas for Investors” and includes one of my favorites: Alan Farley’s The Master Swing Trader. A second list which is very important to active traders/investors is his…
Dr. Steenbarger at TraderFeed has written a three-part (so far) series entitled “Trade Like a Scientist,” which includes insights on how to approach the markets from a structured, formal standpoint. The scientific method is standard operating procedure for any quality experiments, and experiments contribute to the known body of collective knowledge which comprises science. Trading…
Schlumberger: Funny name, powerful stock. Even though I don’t watch “Cramer”, others inform me he has mentioned this stock various times and from my studies, the fundamentals, as well as the technical charts (regardless of what method you use) look promising. Active Trader Blog posts a strong daily chart of SLB as well as a…
Dr. Bruce Hong on his Trading Psychology blog recently began an engaging and interactive discussion on overcoming fears in trading. Dr. Hong posts a recent email from a deeply capitalized, intelligent trader that is described as: He now experiences such intense stress while trading that he frequently pulls his entry order, just before it’s hit….
GoldenTicker, a new site steeped in William O’Niel’s CANSLIM approach for finding value stocks for the long run, posts 12 quick rules for value investing that will be helpful to long term investors and position traders.