Trader Mike

I’ve gotten some comments from people who have read that ‘Stikky Stock Charts’ book so I’m glad that my quick analysis of that book seems to be on point. ‘Doink’ left this comment today:

I read “Getting Started in Technical Analysis” first, got confused, then found Stikky Stock Charts. Great beginners book, took me [...]

Here’s an interesting book that I discovered today in the bookstore: Stikky Stock Charts: Learn The 8 Major Stock Chart Patterns Used By Professionals And How To Interpret Them To Trade Smart–in One Hour, Guaranteed. The book teaches some of the basics of technical analysis in a very simple and straight-forward way. I [...]

Here are some must-read (IMHO) articles related to information processing:
Two Perspectives on a Breakout Move (MS Word Doc) by Brett N. Steenbarger, Ph.D.. Brett illustrates how he processed information about Friday morning’s breakout using Market Delta and Trade-Ideas. The article draws some important conclusions, namely (emphasis is mine):

As a trading psychologist, I am [...]

I flipped through the October 2005 issue of Active Trader Magazine in the bookstore today and noticed a couple of interesting articles. There’s an article on position sizing by Van K. Tharp and an article on trading journals/diaries. Unfortunately there’s only an excerpt of the Tharp article online so you’ll have to pick up [...]

The articles from the August 2005 Stock, Futures and Options Magazine (free subscription required) are online now. The cover article is on one of my favorite topics (expectancy) — “Why Large Winning percentages are a bad measure for trading systems”. Here are the other articles that caught my attention:

Why Large Winning percentages are a [...]

Here are some articles that may be of interest from the July 2005 Stock, Futures and Options magazine (free subscription required):

WHAT’S IN YOUR HEAD? Becoming a Trader - Psychology has made significant strides in understanding how we acquire information and skills. What’s been uncovered is eye-opening for traders in a hurry to achieve. Slow [...]

Here’s a long list of stock trading best practices/rules (It lists 103 items but many are duplicated). Some of my favorites are:

Losses are part of trading. Limit them, accept them and move on to the next trade.
Believe That The Market Is Stronger Than You Are. Do Not Try To Fight The Market.
Capital Preservation Is [...]

Alan Farley has an article which lists three troubling things about this spring’s rally. He argues that the tech rally looks manipulated to him (aren’t they all???) and also takes a look at what institutions are doing via the last hour indicator. (hat tip to Online Trading)

Let’s look at three things I don’t [...]

Here’s an interesting article about the recent activity in GOOG options (free sub required):

Pete and I have noticed unusual (read: MASSIVE!) out-of-the-money options trading in Google, contributing to an explosive move in the underlying stock. Why is that? Because short sellers are taking major heat from shares already sold at lower prices. And a good [...]

I just found my way to Ruth Barrons Roosevelt’s site thanks to a post that Ron Sen made which quoted her thoughts on egotizing trading. Her article about metaphors for trading is very interesting. I’ve always heard people using the “trading is war” metaphor and I never thought too much about looking [...]