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

Friday, March 02, 2007

"The Big" Weekend Reading For Mar 3 - 4, 2007

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

I only focus on posts and links that relate to trader improvement or trading in general.

Last weekend I was out of town so I didn't get a chance to post up a Weekend Reading post. Thus, this weekend, I've combined the links from last week with this week's links.

Hope you a plenty of time this weekend, because this edition has got a lot of links!

  • Craig at Taz Trader Blog shows us how he identifies the candlestick pattern called a "kicker" and he shows us How To Trade Kickers


  • The Stock Bandit offers this free newsletter that talks about Patience and how to deal with impatience


  • If you visit all the blogs I have listed to the right under "Links To Other Blogs", you'd know that everyone seems to have a different way of trading and Steven over at Value Blog Review had this great article that explains that in Bruce Lee And The Stock Market




  • Looking for great trading and market blogs? Piranha lists some of his favorites in Must Read Stock Market Blogs - don't worry, I made it on his original list he did last year :)

  • Marlyn over there at Filtering Wall Street fiddles around with the TradingMarkets.com's R2 strategy (see above link) and comes up with some fairly good results in RSI Revisited

  • At The Big Picture we take a look at Jim Wychoff's Traders' Top 10 Mistakes and I admit to making several of the mistakes listed

  • Marlyn at Filtering Wall Street loves playing with models (trading models that is) and here he compares what he did earlier with RSI2 with some results he got when he used Williams %R


  • Tyro reviews an interesting study and delves deeper into the dividing line between intelligence and effort and how it all applies to trading in The Peril Of Praise




  • When Charles Kirk has some advice, I'll always listen, especially during this rough week - here he tells us to Follow The Normal Routine



  • Tyro has been doing some really good deep posts lately and this one examines why traders always seem to want to hold onto their losers in Reframing Our Trading



  • Caravaggio at The 3500 did a great job of capturing the emotions about what went on that day the markets dropped like a rock by collecting what some of us trading bloggers had to say in Black Tuesday - Bloggers' Thoughts


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5 Comments:

  • Good links amigo. Thanks again.

    By Anonymous Caravaggio, at March 03, 2007 7:50 AM  

  • i have a question~
    there are two moving average, SMA and EMA...
    For example, what's the difference between 100SMA and 100EMA?
    or 20SMA and 20EMA?
    when we are in trade, what do we have to use? SMA..? EMA..?
    i'm sorry to ask basically a question...

    By Anonymous anna, at March 03, 2007 10:42 AM  

  • Caravaggio,
    Thanks for your comments. Keep up the good stuff coming at your blog - that piece about Black Tuesday was great! Have an excellent weekend!

    Anna,
    Thanks for your comments and questions. An SMA (simple moving average) is an average of previous prices. So a 100SMA is basically an average of the past 100 prices (i.e. add the past 100 prices and divide by 100 to get an average).

    An EMA (exponential moving average) is similar to SMA, but it adjusts the data so that the latest prices have more of an impact on the average. So a 100EMA is an average that uses the last 100 prices, but adjusts the average so that the latest prices have more influence on the average.

    I usually use EMA more than SMA. On my charts I have a 10EMA and a 20EMA. It really depends on what kind of trading you do (if you hold onto your positions for a long time or a short time), so it's best just to play around and use either the SMA or EMA to see what works for you. Hope it helps!

    By Blogger J.C., at March 03, 2007 5:21 PM  

  • Thanks.

    By Blogger Pradeep Bonde, at March 04, 2007 8:12 PM  

  • Pradeep,
    Thanks for your comments and you're welcome! Keep those great posts coming!

    By Blogger J.C., at March 04, 2007 8:19 PM  

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