An NYSE Scalper's Tale - A Trader's Diary

Saturday, December 16, 2006

Weekend Reading For Dec 16th - 17th, 2006

In "Weekend Reading" I'll collect what I thought were the best posts and articles for the week from various bloggers.

Wow! With my subscriptions to more and more market blogs, I'm finding more and more great insightful posts and bloggers and this week there were plenty of articles for me to chew on!

  • Flatwallet over at the Miseducated Day Trader reviews his trading strategy and tells us what's good and what needs to be fixed in Beyond The Setup
  • Tyro at Tyro Trader asks a couple of hard questions in Goals
  • An excellent review by Gav of candle stick patterns in Candysticks
  • Here's an insightful post by Chris at Daily Trade Activity in which he review what he does to regain some objectivity in what he's doing in Last Fed Day For Me
  • As someone who traded options a lot in the past, I've always been fascinated by the bountiful strategies one could play - here's a review done by Jody Osborne for Optionetics.com: Comparing Calendars And Butterflies

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8 Comments:

  • Any reason why you switched from options trading to stocks trading now? Just curious :)

    By Blogger Simply Options Trader, at December 16, 2006 9:12 PM  

  • JC,

    I've been reading your blog on and off for a while now. I understand that your a scalper and hold your positions for minutes.

    Do you, or would you consider, holding a long term account for retirement? I.e. buying 500 shares of XOM for your golden years?

    Tom
    Digital Breakfast

    By Blogger yo, at December 17, 2006 7:32 AM  

  • Simply Options Trader,
    Thanks for your comments. After my blowup in 2004, I decided to take a break from trading options and then I joined my prop firm shortly afterwards. I would very much like to trade options again sometime in the future, but for now, I'll concentrate on stocks (at least until I have some extra capital I can play with :)

    Tom,
    Thanks for your comments. At some point I'd like to consider some longer term trading. When I have some extra capital, I would probably like to do something like that...hopefully that will be sooner rather than later :)

    Happy trading all and good luck next week!

    By Blogger J.C., at December 17, 2006 10:38 AM  

  • Thanks for the link. I read your blog every day because your consistent and diligent post-game analysis keeps me on my toes! I gotta work as hard as you...

    By Blogger Chris, at December 17, 2006 1:10 PM  

  • Chris,
    Thanks for your comment and thanks for the good words! No problem about the link...I'll be following your progress and I'm sure there'll be many more links to come! Keep up the great work!

    By Blogger J.C., at December 17, 2006 4:28 PM  

  • Wishing u all the best in your trading in 2007!

    By Blogger Simply Options Trader, at December 17, 2006 9:21 PM  

  • JC,

    Thank for mentioning my blog. I was too busy concentrating on christmas and the Philadelphia Eagles this weekend. When I fired up the blog I noticed that I just got like 200+ hits and less than a day. Nice, to know that someone out there chooses to waste their time reading about my lack of discipline.

    I have been looking to start trading at a prop firm. I figure that I will be among many experienced traders and will learn the finer art of professional trading. However, I have been unable to get an honest person to tell me the truths about Prop trading. The good and the bad. Would you be able to help me out here sometime.

    Thanks,
    LP

    By Blogger Flatwallet, at December 18, 2006 8:42 AM  

  • Simply Options Trader,
    Thanks for your comments and thanks for the well wishes! Good luck to you next year as well!

    Flatwallet,
    Thanks for your comments. No problem about the mention. I know that many of us have been through rough patches and I think many people want to see what can be done about their trading, hence the interest in your post. Don't worry, we've all been there (myself included) and you'll get it together. If you like more info about prop trading, drop me an email at : jc_at_trivita@rogers.com

    I'll gladly answer any questions you may have about prop trading (the good and bad!).

    Good luck everybody and happy trading!

    By Blogger J.C., at December 18, 2006 3:13 PM  

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