"The Big" Weekend Reading For Mar 3 - 4, 2007
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
- Brett Steenbarger continues his "Best Practice" series and here a professional shows us how he does things - it's Entering Markets On Pullbacks From A Trend
- The Stock Bandit offers this free newsletter that talks about Patience and how to deal with impatience
- Here's another "Best Practice" article by Brett Steenbarger and is something I'd really like to use more of in my trading - it's Identifying The Trend of Market Sentiment With The NYSE TICK
- 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
- At TradingMarkets.com they review a strategy that apparently has an 84% win rate in The Improved R2 Strategy
- Dr. Van Tharp has another rule for you - this one is Psychological Rule #13: You Attract What You Focus Your Attention Upon
- Here, Brett Steenbarger makes some excellent points in Five Guiding Principles Of Trading Psychology
- 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
- Brett Steenbarger continues to post gold and continues making excellent points - this time it's Five Guiding Principles Of Short-Term Trading
- 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
- Jeff White at TheStockBandit offers yet another free newsletter - this one is about Support & Resistance Role Reversals
- TraderGav has more great trading quotes from the Market Wizards - this one is a Quote From Michael Marcus
- Prospectus, a regular contributor over at MoveTheMarkets, had this article entitled "Daytrading is Risky!" & Other Myths
- When Charles Kirk has some advice, I'll always listen, especially during this rough week - here he tells us to Follow The Normal Routine
- TraderGav had another quote from one of the industry's legends - it's Another Quote From Michael Marcus
- After that big down day we had on Tuesday, Brett Steenbarger takes a historic look to see what usually happens after such a day in Big Down Days: What Happens Next?
- 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
- After a rough and tumble week that many of us had, Brian at Trade 4 Cash has this article in his weekly series entitled The Courage To Follow The System
- As a past options trader, I'm always on the lookout for great options posts and articles - here ODA125 over at Options The Easy Way posted Basic Options Trading Rules - The Beginning Point
- 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
- Pradeep at StockBee reviews the two kinds of entry a trade can have in Anticipation And Reaction
- Here's the last quote from TraderGav - it's yet Another Quote From Michael Marcus
Labels: links, trader improvement
5 Comments:
Good links amigo. Thanks again.
By Anonymous, at March 03, 2007 7:50 a.m.
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, at March 03, 2007 10:42 a.m.
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 J.C., at March 03, 2007 5:21 p.m.
Thanks.
By Pradeep Bonde, at March 04, 2007 8:12 p.m.
Pradeep,
Thanks for your comments and you're welcome! Keep those great posts coming!
By J.C., at March 04, 2007 8:19 p.m.
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