Weekend Reading For Dec 16th - 17th, 2006
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
- What "Weekend Reading" list wouldn't be complete without a few articles from Brett Steenbarger! Here's another great article about emotions and psychology in Controlling Emotions Is NOT The Goal Of Trading Psychology
- Dave at StockTickr had a great interview with a Move The Markets regular - it's an Interview With Zoomie
- Tyro at Tyro Trader asks a couple of hard questions in Goals
- ZBS Trader also followed Tyro lead and did a review himself in Goal Setting For 2007
- Brett Steenbarger submitted a great article for TradingMarkets.com entitled How To Start A Trading Day
- A great post over at StockTradingInsights.com about what can kill you in trading: Holding A Conviction Of The Market's Direction
- 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
- Another post by StockTradingInsights.com - it's Setting Your Own Trading Rules
- Brett Steenbarger at TraderFeed had this post called Stock Market Psychology: What You See Is Not What You Get
- Here's another interview by Dave at StockTickr - it an Interview With The HighChartPatterns Group
- Some excellent candlestick resources listed by Gav in Reading: Trading With Candlesticks
- A great brief post about options expiration by SimplyOptionsTrader in The Conspiracy Of Expiration
- A great brief summary by the now-famous Van K. Tharp of the Three Aspects Of Trading
- 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
- Ugly (or should I say, The Chartist Formerly Known As Ugly) assesses whether trading Futures is right for him in Trading Stocks -vs- Trading Futures
- Kevin at Kevin's Market Blog tells us Why Do Most People Lose Money Trading
- And finally the last article this weekend by Brett Steenbarger (I promise!): Three Lessons From The Day Trader's Index
Labels: links, trader improvement
8 Comments:
Any reason why you switched from options trading to stocks trading now? Just curious :)
By Simply Options Trader, at December 16, 2006 9:12 p.m.
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 flickrman, at December 17, 2006 7:32 a.m.
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 J.C., at December 17, 2006 10:38 a.m.
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 Chrisnyork, at December 17, 2006 1:10 p.m.
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 J.C., at December 17, 2006 4:28 p.m.
Wishing u all the best in your trading in 2007!
By Simply Options Trader, at December 17, 2006 9:21 p.m.
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 LP, at December 18, 2006 8:42 a.m.
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 J.C., at December 18, 2006 3:13 p.m.
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