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

Saturday, May 05, 2007

Weekend Reading For May 5 - 6, 2007

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

The reason I do this is because I find it difficult to integrate links to other great blogs in my posts, so this is a way for me to give back.

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

This week I may have missed a few good posts here and there as I was rather busy during the week, but nonetheless, here's this week's edition:








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Saturday, April 28, 2007

Weekend Reading For Apr 28 - 29, 2007

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

The reason I do this is because I find it difficult to integrate links to other great blogs in my posts, so this is a way for me to give back.

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

With that, here's this weekend's edition:

  • Here's an excellent post by Woodshedder at his Trade While Working blog in which he tells us to be mindful in Avoiding Recency Bias








  • Are you a part-time trader? Here, The Market Speculator responded to some questions people have been asking and has collected some of his past posts that describes his way of doing things in Answering Questions About Part-Time Trading

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Friday, April 20, 2007

Weekend Reading For Apr 21 - 22, 2007

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

The reason I do this is because I find it difficult to integrate links to other great blogs in my posts, so this is a way for me to give back.

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






  • Here is an excellent post by TraderGav that shows us how often we need to be right with our trades with various risk/reward ratios in Accuracy Vs Risk/Reward Ratio



  • TheStockBandit shares some key lessons from one of my favorite books "Pit Bull - Lessons From Wall Street's Champion Trader" (I read the book 4 times!!!!) in Honor Thy Stop







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Friday, April 13, 2007

"The Huge" Weekend Reading For April 14 - 15, 2007

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

The reason I do this is because I find it difficult to integrate links to other great blogs in my posts, so this is a way for me to give back.

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

Since I missed last weekend's edition, I've merged last week's edition with this week's edition....the result it a huge dump of links. Hope you've got plenty of time on your hands this weekend....

  • Corey at AfraidToTrade shares with us what he looks for and how he does things in How I Trade

  • Andy Swan talks about something that I've done several times in the past (but yet I continue to do it from time to time) - it's Seeking REVENGE On A Stock







  • Another free newsletter by Jeff White at the StockBandit and here he discusses some factors that affect a trader's level of success in Trading Plans & Self-Honesty

  • At TraderFeed, Brett Steenbarger had this collection of blogs and breaks them down into how or what they can offer you (thanks for the mention Brett ;) ) in How To Trade: Blog Linkfest Volume One

  • Here's a great article by The Kirk Report and really hit home in terms of what it said about stepping outside one's comfort zone (we all know I'm trying to deal with this at the moment:) ) in Trading To Win





  • Wanna trade for a living but don't know where to start? Well look no further! Here's a great big list of prop firms along with some very good advice from Babak over at Trader's Narrative in a List Of Proprietary Trading Firms



  • Here's an interesting idea by Dinosaur Trader - collecting the daily P&L's of several bloggers and posting it up daily! By doing this, you can see how other bloggers faired during the trading day all in one location! Check it out in Virtual Office




  • Here is something I have a hard time doing - giving my trades more breathing room....here's a free newsletter by TheStockBandit called Wide Stops Can Mean Huge Rewards





  • Lord Tedders at his Forex and Futures blog asks a question that I've had to answer a couple of times and here's his perspective on Why Trade?







Ok - my hands are tired from typing all of that up...have a great weekend and we'll see you all back here on Monday!

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Saturday, March 31, 2007

Weekend Reading For Mar 31 - Apr 1, 2007

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

The reason I do this is because I find it difficult to integrate links to other great blogs in my posts, so this is a way for me to give back.

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

This week I found that there were lots of great articles out there! Keep it coming guys! You folks are doing a great job and providing a great services for all of us out there!

Here's this week's edition:



  • Here's a video by Richard at MoveTheMarkets that is similar to what I look for in a trade...it's called How I Stalk A Breakout






  • TraderGav had this great collection of charts in which he re-visited some of the good trades he's had in My Dummy Trade Fest I









  • Over at the Profiling Leadership blog they list several blogs that are worth reading in Blogs I Like (1st Edition) (thanks for the mention guys :))




Alright folks - that's it for me for now. Tomorrow I'll try to do some number crunching and punch out my review for March (it ain't gonna be pretty....) so in the meantime, rest up, relax, and prepare for April!

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Saturday, March 24, 2007

Weekend Reading For Mar 24 - 25, 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.

It's that time of the week again....here is this weekend's edition:

  • If there were a trader I'd like to become more like, it would be PinoyTrader - here he shows us how he achieves his great consistency and how he's able to pull all that money out of the markets in How I Prepare For The Trading Day

  • Kirk at The Kirk Report outlines the four principles of luck and does a great job of explaining how we can use it in Getting Lucky In The Market


  • Prospectus, one of the great contributors over at Move The Markets, had this interesting article about stops, which led to an interesting discussion about it in What Is A Stop Loss For Anyways?

  • It seems like many traders these days are using Opening Range Breakouts in their trading and Brett Steenbarger gives you a few more pointers in doing this a little more successfully in Trading Opening Range Breakouts



  • TraderGav looked deeper into his trading to try to figure out what was causing his mediocre performance so far this month and I too have had the same problems with the things he discovered in his post entitled Stop! Wait, Wait...Somethin' Is Going Wrong Here




  • Corey had another great article about regret and how it may interfere with our ability to trade and lists some great resources at the end of the article in Regret Aversion


  • Richard Beddard at Interactive Investor Blog had this great compilation of market related blogs in Best Of The Blogs (thanks to all who submitted this blog to be included in the list!)


  • Finally, TraderGav had some more great quotes from the greats of trading and here he posted a Quote From Gil Blake

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Sunday, March 18, 2007

Weekend Reading For Mar 17 - 18, 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.

Don't worry folks - I'm still alive. I've just spent a couple of days away from the markets and trying to put myself at ease.

I've also been recieving a lot of emails asking about other prop trading firms, so I spent some time researching other prop firms that are out there and it got me interested in possibly looking for other alternatives for myself.

Anyways, here are this week's links:

  • Last weekend Bulltrapper over at TradeGuild posted up a collection of several great videos and covers some technicals and trading systems in Weekend Viewing...

  • If you haven't visited Afraid To Trade, then you should - there are lots of great posts appearing at the site including this one entitled Taking On More Risk For Reward






  • We've all done it once in a while and when it happens, it can sometimes lead to disastrous results....I'm talking about keytroke errors! Check out the top 10 keystroke errors in The Fat Finger Points To Trouble For Traders via Financial News Online

  • Trader-X also clears up some of the misconceptions about his trading style and is a must read if you follow his style - here is Anatomy Of A Trade






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Saturday, March 10, 2007

Weekend Reading For Mar 10 - 11, 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.

There's nothing like getting over a bad week than to read up on articles about trading. Not only does it lift your spirits, but you might even learn a thing or two!

Here's this weekend's edition:

  • Kevin at Kevin's Market Blog wrote up an excellent article about something I constantly have problems with - it's a Fear Of Missing Out

  • Here, Dogwood continues looking at the Improved R2 Strategy (see last week's links) and show you some stats by using other RSI values in Extreme RSI

  • Will at Dummyspots.com had this deep post about how the greatest teacher of all is the markets and he covers things like ego and discipline in the excellent article entitled Trading And The Personal Journey


  • Here are some excellent points by George Fontanills to consider that were posted over at the Kirk Report in A Winning Trader's Edge


  • Looking for a discount online broker? Steven over there at the Value Blog Review does a fantastic job of rounding up the various brokers, listing their pros and cons along with prices in Online Discount Stock Broker Review



  • Jeff White at the StockBandit keeps those free newsletters coming - this one is about Oversold Conditions

  • Fear, guilt, pride, overconfidence - all of these can affect your trading and Piranha does a great job of writing about it in A Study In Human Psychology

  • Emotions, lack of focus and trading don't go hand in hand and over at Profiling Leadership they explain that in Process Is The Key

  • TraderGav posted some great Quotes By Felix Dennis taken from the article "If You Want To Be Rich, Stop Being So Frightened" which really put a lot of things in perspective, especially for what I've been going through


  • Here are some great points to ponder done by Lifepost over there at High Probability Trading entitled Stop Loss, WHERE IS IT? that really helped me along with my trading struggles

  • A few bloggers were pointing out a new blog and I can see why....there are some great posts coming out from Corey at his AfraidToTrade blog - here he makes some excellent points in Quick Comment On Less Successful Traders




Ok folks - I need to recharge this weekend after these past two weeks of trading and hopefully I can do some meaningful "self-discovery" with what I'm doing.

Take care folks, enjoy your weekend, and good trading to all!

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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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Sunday, February 18, 2007

Chinese New Year Weekend Reading For Feb 17 - 19, 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.

This weekend I've been really busy with family and traditions as this year we celebrate the year of the golden boar. It's a good thing this weekend is a long weekend because I feel I'll need that extra day to recover from all the food and celebrations!

So if you're bored this long weekend, check out these great posts from these great bloggers. As for me, I'll be here, there and everywhere as I meet up with family. Enjoy!

  • Here, Trading For The Masses reviews Dennis Gartman's "not-so-simple" rules of trading in 13 Rules


  • HighChartPatterns does a great job of describing the Four Categories Of Trading and does an excellent job of categorizing the various trading bloggers...unfortunately I didn't fall into any of the categories, but I did get a mention under "miscellaneous"...I'm in a category all my own :-)

  • Jeff White at The Stock Bandit shares with us another free newsletter - this one is entitled Trading With Indicators

  • I've always loved the trading interviews done by Dave over at StockTickr...here they roundup the the Most Popular Interviews Of 2006 (there are so many other great trading bloggers out there that I was surprised I made it on the top 10 list!)

  • TyroTrader does a fantastic job of collecting Momentum Scan resources and also lists the pros and cons of each




  • Patience, patience, patience - there are so many levels to this difficult trait to master when it comes to trading...here Phileo, a regular contributor over at Move The Markets, wrote about it in Take A Patience Pill Dude




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Saturday, February 10, 2007

Weekend Reading For Feb 10 - 11, 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.

Well, it's that time again...here were some of the great articles I came across this week. Enjoy, rest up, and let's prepare for a great week of trading!


  • Here's a post by Tyro Trader that deserves some attention and can hopefully give you some insights as to what many of us trading bloggers may have to put up with - it's Mentors & Scorn







  • This next article is something for you options traders out there - this is Simply Options Trader's 2 Tales Of Straddle

  • Brian over at Trade4Cash has a great weekly series going on over at his blog - this week's article is entitled Perception vs Reality

  • I see many people come and go at where I work and this is something that I think many people fail to do - it's Learning From Trading Mistakes by Jeff White over there at StockBandit.net

  • BullTrapper at the Trade Guild blog had this excellent video that reviews with us the indicator called The Three C's



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Sunday, February 04, 2007

"SuperBowl" Weekend Reading For Feb 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.

So if you've got some extra time before your Superbowl party begins, why not check out some of these links for some insights from these bloggers and who knows, you might learn a thing or two!

Enjoy the game, 'cause I know I will!





  • Kirk over at the Kirk Report put together this very interesting series of posts...below are links to the complete series:









  • Richard at MoveTheMarkets has been posting some solid articles lately that could very well be part of a book...this time it's MA And EMA Crossover Prediction




Finally, I just wanted to keep you up-to-date with the goings on in the blog-o-sphere. There are some deaths and re-births of sorts that occurred this week.

Firstly, StockCoach recently accepted a new job offer and has decided to end his blogging days - here he says his Thank You And Goodbye. We'll all definitely miss you StockCoach - here's wishing you all the best to you and your family!

And guess who's back! It's none other than ZBS Trader! Since I spotted his blog a while back, he has always been my inspiration in everything I did. In this post, he says to us "I Am Back". I am also wishing him an excellent return and to many successes in his re-birth!

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Friday, January 19, 2007

Vacation Reading For Jan 20 - 21, 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.

As I prepare for my trip, I hope this post can hold you over until my return. With that, here's some reading you can do while I'm on vacation!









  • Speaking of Dr. Steenbarger, Flatwallet over at The Miseducated Daytrader got a lot out of Dr. Steenbarger's new book and here he outlines what he thought of the book in Enhancing Trader Performance


  • Having a clear exit strategy is definitely something I have to work on and Downtowntrader had this great post entitled Profit Taking Strategies




  • CalTrader has been up to some interesting things lately. Here he gives us an example of a straddle trade using options in Straddle Up!


  • Scott Kramer at Optionetics.com shows us the basics of a trade from beginning to end in Steps To A Trade

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Friday, January 12, 2007

Long Weekend Reading For Jan 13 - 15, 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.

Here are lots of great reads for your long weekend. Enjoy and hopefully you'll learn something!


  • Kevin shares some interesting thoughts about The Holy Grail and some of the important aspects of trading in Some Thoughts About Trading

  • Jan at StockMarketBlog.com shares with us Some Of What I Do (but as mentioned in the post, you should find your own unique trading strategy that works for you!)



  • Here, Caravaggio at The 3500 gives us some great quotes that can be applied to trading from the book Risk & Chance



  • Tyro reviews with us some of the things he does to keep his mind in the game in Keeping Focused










  • Here again is Chris at Daily Trade Activity and does some great analysis in Larger Gains vs. Higher Accuracy (Chris loves posting up charts and there are lots here again!)




  • There are many traders that follow Kirk from the Kirk Report religiously and here he shares what he does in My Stock Screen Routine

  • Words of wisdom always seem to emanate from Richard over at Move The Markets and here he shares some thoughts to chew on in Trade Your Way To Happiness

Have an excellent long weekend folks! I'll be back on Monday with my "On Tap" post.

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Friday, January 05, 2007

(The Big) Weekend Reading For Jan 6th - 7th, 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.

Since I was out of town last weekend and didn't get a chance to post a "Weekend Reading", I've decided to combine last week's and this week's readings...a 2-for-1 post if you will.

So if you've got some time on your hands this weekend, check out these links to some great posts!







  • Chris at Daily Trade Activity reviews his Best Trades Of December (has a link to a page with lots and lots of charts with details of his trades)








  • 2Pay (I love that name!) over at MaddMoney reviews what Cramer had to say about Sin's Of Investing

  • Kevin reviews Jake Bernstein's trading rules in his post Trading Rules





  • For you Futures traders out there, Tyro posted a great article about the Hershey Futures System in More On Hershey's System






  • I've said it before and I'll say it again, psychology is an important aspect of trading and I'm constantly trying to learn more about it...here Brett Steenbarger has another great article entitled Brief Therapy: Therapy For The Mentally Well

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