Jon, aka Fickle Trader, has a review of the new hardcover version of “Reminiscences of a Stock Operator”. The paperback one of my favorite stock market books and since I’m due for a re-reading of it I may have to pick up this new edition. Here’s the description from Amazon:

Unknown to most [...]

Ken Wolff has written an excellent piece on why many traders wash out. (You may want to save that locally before Yahoo expires it.) Here are the seven reasons, the article goes into more detail on each one:

When people won’t do their own homework.
When people can’t explain their reasoning for a trade.
When people [...]

Michael Covel’s ‘Trend Following: How Great Traders Make Millions in Up or Down Markets’ will certainly be regarded as a classic investment book. Everybody involved in the markets should read this book.

Here’s an excellent letter, from a recent Worden Report, written by a TCNet user who shall now be known as Dame KMack:
We Dub Thee Dame kmack
Any trader will find Dame kmack helpful in learning to control and direct emotion in a role of making important decisions under inescapable pressures. No one is totally [...]

Here’s a little something I found at BondTrader’s weblog. He has a link to a page that contains quotes from some top traders:

Success Leaves Clues
There are certain ‘business rules’ that triumphant investors and traders adhere to.
If you were able to model these business rules then [...]

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 [...]

Linda Raschke has posted her interview from the February 2004 issue of Active Trader magazine on her site. She reveals some great tips and insights into what it takes to make it as a trader. Check it out.
(Link via MaoXian )

Tags: Interviews, Linda_Raschke, Trading_Wisdom

Alan Farley has an article defending his trading with a ‘predatory instinct’. (That article is subject to change at any time, snag it while you can.) Here are some of my favorite parts:
Stand apart from the crowd at all times. Be the first in and out of the profit door. Your job is to [...]

Today the good Chairman MaoXian gives us some tips on trading with the trend. His discussion about traders trying to predict the next move on a chart reminds me of a quote I picked up somewhere: “I can predict the past with 100% accuracy.” I often say that to people who ask [...]

MaoXian gives an excellent example of why you shouldn’t fight the trend.

Tags: Trading_Wisdom, trend_following