Trader Mike

New traders especially should read the interview with Dave Landry that was just posted on the StockTickr blog. Dave covers a several topics that I’m always harping on covering with people. In fact, just yesterday a friend (a budding trader) came over and our entire discussion was about stop loss management, the importance of exits, position sizing and (not) micro-managing trades. Dave covers all of those topics and then some in the interview.

As you know, I often post a link to Dave’s weekly swing trading webcast. If you want to go back and check them out the archive of my links is right here. I would think …

Here are a couple of more hour-long presentations by Dave Landry. I watched the May 11th session today and I found his commentary about pyschology and money management to be very good — not to mention him clowning Jim Cramer’s show. Where are my damn sound effects?

Plan Your Trade And Then Trade Your Plan

Wednesday May 11, 5:17 pm ET

By Dave Landry

In his weekly presentation, Dave talks about the importance of planning your trades ahead of time and then sticking to you plan. He also covers topics such as avoiding the “need to be right”, learning from your mistakes, and how initial failures–though painful–can actually be beneficial to your longer-term career. He shows you how longer-term traders can improve …

If you’ve got an hour to burn check out Dave Landry’s weekly swing trading lesson. It’s a multimedia (audio & video) presentation in which Dave walks through charts, talks about sector analysis and discusses various trading & money management strategies. (For those who have been wondering about TC2000/TCNet/TeleChart, you’ll get to see it in action.)

Here’s another good (and timely) article by Dave Landry — Opening Gaps: Trade ‘Em, Fade ‘Em, Or Ignore ‘Em?

(I’ve archived the article here)