Trader Mike

Learning how to use candlestick charts was probably the second most important thing I’ve learned (money management is a clear #1) since I started trading for a living. The funny thing is that when I started trading all of the charts in my trading software were defaulted to displaying candlestick charts. At that [...]

Whenever anybody asks me for advice on learning about the stock market I immediately ask if they’ve read How to Make Money in Stocks by William O’Neil. In my opinion, if you read only one book on investing it should be this one. I credit this book with changing my whole approach [...]

Commodity Trader highlighted an article entitled ‘Losing to Win’ over at Investopedia.com. That article does a good job of expanding upon my expectancy article. After reading that article I discovered that Investopedia has a huge archive of articles on trading/investing. (Google has led me to that site many times, but I’d only [...]

Expectancy along with position sizing are probably the two most important factors in trading/investing success. Sadly most people have never even heard of the concept. Out of the 30 or so trading books I’ve read only a few even touch on any aspect of money management. Only one of those handful of [...]

I’m choosing to start my Trading 101 Series with a discussion of MaoXian’s ‘Trading for Dummies’ lessons because it’s one of the best examples of how to trade that I’ve seen. It’s not that I’m necessarily advocating his style of trading — you have to pick a style that suits you. Rather, I [...]

Here’s the Table of Contents for my ‘Trading 101′ series. I will turn each topic into a link once that article is completed.http://tradermike.net/2005/08/thoughts_on_day_trading

Tags: Trading 101

I’ve decided to a series of posts covering some basics of trading/investing. For lack of a better name, I’m calling it ‘Trading 101′. Much, if not all of what I write will apply to both trading and investing. In fact, I see no difference between the two, except maybe for time frames. [...]