October 2009
9 posts
TraderFeed: Three Reasons Traders Don't Make More... →
How to Use Protective Stops - MoneyShow.com →
A protective stop loss is the point at which you have pre-determined that the probability of the trade working in the direction originally intended no longer exists, so you exit the trade.
“Our emotions are not the enemy of traders - they fulfill useful functions, e.g....”
– Psychological Pressures and Trading
The Pivot Point Formula →
“A good educational program is one that teaches unique information and skills...”
– TraderFeed: Considerations in Selecting Educational Programs for Traders
“I feel certain that my discipline in executing each and every trade according to...”
– Joe Ross (A simple Idea to improve your trading)
Could the Dollar be Replaced as a World Reserve... →
September 2009
4 posts
MoneyShow.com: The Five Best Self-Coaching... →
Author and trading coach Brett Steenbarger shares five self-coaching practices for maximizing performance.
Google Domestic Trends: Should You Invest Based On... →
Google has launched a new area of Google Finance called “Google Domestic Trends.” Basically, it allows you to look at various sectors of the U.S. economy based on how they are performing in Google’s search index. The idea is that the volume of searches for related queries to a specific segment may “provide unique economic insight,” says Google.
August 2009
4 posts
“Excellence is not a skill. It is an attitude.”
– Ralph Marston. (via noomie)
For Traders, Twitter Is One More Trading Tool -... →
What's Behind High-Frequency Trading - WSJ.com →
FAQ on High-Frequency Trading
July 2009
9 posts
FX Market is Slowing! Forex Trading Volume... →
Central banks from around the world have released their semi-annual foreign exchange surveys and based upon all of the reports, forex trading volume decreased significantly between April 2008 and April 2009. Investors large and small have reduced risk with carry trades unwound aggressively. The lack of participation may explain why the major currency pairs have been stuck in a range since the...
Weekend Opinionator: Is Wall Street Picking Our... →
High Frequency Trading Is A Scam - The Market... →
These programs were put in place and are allowed under the claim that they “improve liquidity.” Hogwash. They have turned the market into a rigged game where institutional orders (that’s you, Mr. and Mrs. Joe Public, when you buy or sell mutual funds!) are routinely screwed for the benefit of a few major international banks.
If you’re wondering how Goldman Sachs and...
Traders Profit With Computers Set at High Speed -... →
It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors’ orders and, critics say, even subtly manipulate share prices. It is called high-frequency trading — and it is suddenly one of the most talked-about and mysterious forces in the markets.
Powerful computers, some housed right next to the machines that drive marketplaces like the...
Why Twitter Robots Fail
TraderGav made a joke on Twitter, referencing Andy Roddick (an American) beating Andy Murray (a Brit) in the Wimbledon 2009 semifinal:
I replied his tweet jokingly asking him about his opinion on the Roger Federer (a Swiss) vs. Andy Roddick in the final:
TraderGav replied back to me with his smart tongue-in-cheek prediction:
Twitter bot picked it up as recommendation to make money,...
Interview with Linda Bradford Raschke, president...
June 2009
2 posts
Five Pitfalls of Developing Traders →
Common mistakes:
Lacking a development plan
Lacking a structure for skill development
Lacking perspective on trading days
Lacking explicit stops and targets
Lacking persistence
Click on link for the complete article.
TraderFeed: Trading Lessons From Ted Williams →
“3) Seek Success, Don’t Just Avoid Failure - In 1941, Williams went into the final game of the season with a batting average of .3996. His coach knew it would be rounded to .400 and offered to bench Williams to preserve his average. Williams insisted on playing, went 6 for 8 in a doubleheader, and finished the year with a historic .406 average. Recently I worked with a trader who was...
The Ability to Not Trade: An Unappreciated... →
“One characteristic I’ve found among successful traders is that they function effectively when they’re not trading. When markets become very quiet and range bound, they occupy themselves with a variety of activities, from sharing ideas with peers to conducting research. Traders who do not tolerate inactivity well inevitably feel the need to trade, often when there is no objective...
May 2009
4 posts
The Almighty Renminbi? - NYTimes.com →
“But what could replace [the US Dollar as global reserve currency]? The British pound, the Japanese yen and the Swiss franc remain minor reserve currencies, as those countries are not major powers. Gold is still a barbaric relic whose value rises only when inflation is high. The euro is hobbled by concerns about the long-term viability of the European Monetary Union. That leaves the...
April 2009
9 posts
Japanese Candlestick Patterns →
Common candlestick patterns and their meanings.
Introduction and the Basics of Forex Economic... →
Useful primer on economic indicators in relations to forex trading.
Op-Ed Columnist - China’s Dollar Trap -... →
“Back in the early stages of the financial crisis, wags joked that our trade with China had turned out to be fair and balanced after all: They sold us poison toys and tainted seafood; we sold them fraudulent securities.
But these days, both sides of that deal are breaking down. On one side, the world’s appetite for Chinese goods has fallen off sharply. China’s exports have plunged in recent...
“What is holding up the US$ is China’s continuing purchase of US securities. The...”
– G20 - Can We Expect Help? » Blog for Trading Success
Happiness v Success - which comes first? » Blog... →
“Research shows that the instruction is to pursue both—not one to the exclusion of the other. Feeling better in the moment is not only more pleasant but it will open your brain to opportunities in your trading, your play and your relationships. Recognizing and taking these opportunities will lead you to success and happiness—not necessarily in that order—but you will eventually get...
“A characteristic of success that I consistently observe among traders is the...”
– TraderFeed: When You Find Yourself With No Positions and No Trades
