Stocks

Blogs & Discussions	Links	Research
Books & Articles	Metrics (Trading)	Software
Brokers	Money Management	Taxes
Calendars & News	Options	Trading Plan
Day Trading	Paper Trading	Trading Tribe
Exchanges	Predictions	Videos
IRAs	Psychology (Trader)	Witty Sayings
Journals	Quotes

Return to Index

Blogs & Discussions

Alpha Trends

(07/08)

Big Picture (Federal Reserve) (07/08)

ContraHour.com (07/08)

Martin Armstrong's Economic Pi Cycle (07/08)

Finance.OriginalSignal.com (07/08)

InvestorIdeas.com Stock Market Blogs (07/08)

John Mauldin

Outside the Box (04/09)
Thoughts from the Frontline (04/09)

Kirk Report (05/08)

MasterTheGap.com (07/08)

MrSwing.com (07/08)

What's the Difference Between Anticipation and Prediction? (07/08)

Rob Booker (04/09)

Booker Bands & Bossilator (pips away from the 800 SMA) (04/09)
Free Stuff (04/09)
Newsletter (04/09)
piptopia (05/08)
Postcards from the Right Edge (07/08)
TraderRadio.net (07/08)

Seeking Alpha (QQQQ) (05/08)

StockBlogs.com (07/08)

StreetInsider.com (07/08)

Ticker Sense (07/08)

Top 100 Stock Blogs @ InstantBull.com (07/08)

TraderMike.net (07/08)

Breaking It Down (07/08)

Top of Page

Books & Articles

List of Trading Books

List of eBooks

Collections of Articles

Action Forex Articles & Tutorials (07/08)
dacharts.com Articles (05/08)
MyPivots.com Articles (07/08)
Online Trading Academy -- Lessons from the Pros (07/08)
StockBandit.com Articles (07/08)
Tactical Trader Articles (07/08)
Trade2Win Articles (07/08)
TraderEducation.com Articles (07/08)
Trade Secrets Online Manuals (07/08)
Trading Naked Articles (07/08)
Trading Secrets Revealed (07/08)
ZEAL Essays (07/08)

Individual Articles

LSS Method -- an Introduction to the 3-day Cycle Method (MS Word file)
The Myth of Tight Stops (07/08)
Trading Gaps (07/08)
Volume Spread Analysis by Todd Krueger (07/08)

Swing Trading by Linda Raschke

Classic Swing Trading (05/08)
Free Articles (05/08)
Swing Trading: Rules and Philosophy (07/08)

Magazines

Active Trader (07/08)
- Sample Issues (07/08)

Newsletters

Absolute Return Letter (07/08)
Cross Currents (07/08)
John Mauldin's Throughts from the Frontline (07/08)

Top of Page

Brokers

Charles Schwab Active Trading

Interactive Brokers (05/08)

MB Trading (05/08)

TD Ameritrade (01/06)

Top of Page

Calendars & News

R.A.N. Squawk (04/09)
- Retail Version of R.A.N. Squawk (free and 2-min delayed) (04/09)
Traders Audio (04/09)
- Traders News Beat ($75/month) (05/09)
TradeTheNews.com (04/09)

RSS Feeds

Blogs
- MrSwing.com - Articles (07/07)
- TraderFeed (Brett Steenbarger) (07/07)
Data sets
- St. Louis Fed - Selected FRED Economic Data Updates (not really useful) (07/07)
- US Bureau of Economic Analysis (good source of economic news) (07/07)
Earnings
- MSNBC.com: Earnings (07/07)
- WSJ.com: Earnings (07/07)
- Yahoo! Finance: Corporate Earnings News (almost too much news) (07/07)
- Yahoo! News: Earnings News (07/07)
Markets
- CNNMoney.com - Markets (07/07)
- StreetInsider.com RSS Feeds (07/07)
  - StreetInsider.com News Articles (very good source of economic news) (07/07)
- Wall Street Journal RSS: News Feeds & Podcast (09/07)
- WSJ.com: Markets (07/07)

Calendars

Economic Calendars
- Briefing.com (Free Services) (05/08)
  - Bond Market Update (05/08)
  - Calendars (07/08)
    - Earnings Calendar (07/08)
    - Earnings Guidance (07/08)
    - Economic Calendar (07/08)
  - Stock Market Update (05/08)
- CBS Marketwatch Calendars (05/08)
- CNBC.com (07/08)
  - CNBC Earnings Reporting Schedule (07/08)
  - CNBC Events Calendar (07/08)
- CNN Economic Calendar (05/08)
- DailyFX Calendar (07/08)
- Econoday Calendar (Today) (05/08)
  - Econoday Calendar from Barron's (07/08)
  - Econoday Calendar from Fidelity (05/08)
  - Econoday Calendar from the WSJ (05/08)
  - Econoday Calendar from the NASDAQ (05/08)
  - Why Investors Care (07/08)
- Federal Reserve (07/08)
  - Ben Bernanke News (07/08)
  - Federal Reserve Open Market Committee Calendars (05/08)
  - Calendar for the Beige Book (07/08)
- Forex Factory Economic Calendar (very good, worldwide calendar) (07/08)
  - External Calendar (05/08)
- FOREX Peace Army Calendar (07/08)
- LionInc.com Economic Calendar (05/08)
- MSN Money Central
  - Economic Data Calendar (05/08)
  - Economic Events Calendar (very long calendar) (05/08)
- TradeTheNews.com Weekly Calendar (02/09)
- Yahoo! Economic Calendar (05/08)
Options Expiration
- CBOE Expiration Calendar & Holidays (05/08)
- SchaeffersResearch.com Options Expiration Calendar (05/08)
Economic Indicator Release Schedule (07/08)
Economic Indicators from the US Census Bureau (07/08)

News

Arab News (07/08)
Economy News Archive @ Yahoo! (07/08)
NBER Releases (05/08)
OPEC News.com (07/08)
OPEC News @ topix.net (07/08)
TradingMarkets.com
- Economic News (05/08)
- Market Analysis (05/08)

Market Hours

Global Market Hours (07/08)

NASDAQ 100 Index

Current News @ Yahoo (05/08)

QQQQ

Current News @ Yahoo (05/08)
Current Price @ Yahoo (05/08)

Top of Page

Day Trading

Description of Fair Value by Mark Hanes @ CNBC (05/08)
Description of Fair Value @ programtrading.com (05/08)
Fair Value @ allstocks.com (05/08)
IndexArb.com (05/08)

Tape Reading

Tape Reading by Linda Bradford Raschke (07/08)

Useful links

AllStocks.com (05/08)
AvidTrader.com (05/08)
DayTrader1.com (05/08)
Day-Traders.com (05/08)
- Forex Clock (05/08)
Day Traders' Bulletin (05/08)
Day Traders' Mentor (05/08)
Day Trade Team (05/08)
Daytrading.About.com (05/08)
DayTrading Coach (05/08)
- Articles on Day Trading (07/08)
- Technical Analysis (07/08)
Day Trading With Lines In the Sky (Richard Muehlberg, Linear Regression Channels) (07/08)
DayTrading Institute (Thomas Busby) (05/08)
DayTraderTax.com (05/08)
DayTrading University (05/08)
Duke's eBook (07/08)
eDayTraderTax.com (05/08)
Elite Trader (05/08)
eMiniMaster (07/08)
Hard Right Edge (05/08)
- Morning Trader (05/08)
- Traders Wheel (05/08)
KT Short Term Trading Signals (05/08)
MTrader.com (07/08)
My Stock Market Power - Day Trading Education (10/08)
- 5-Minute Bar Closing (10/08)
Online Trading Academy (07/08)
- Newsletters (07/08)
- Dennis Gartman's Rules of Trading (07/08)
NASD Day-Trading Margin Requirements (05/08)
Pristine.com (Oliver Velez & Greg Capra) (05/08)
RealityTrader.com (07/08)
Rockwell Trading Resource Center (Markus Heitkoetter) (07/08)
Rookie DayTrader (05/08)
SPYtrdr.com (05/08)
SureFireThing.com (Camarilla Equation) (05/08)
TacticalTradingMethod.com (07/08)
- Indicator Trading (07/08)
TradetheMarkets.com (John Carter and Huber Senters -- great) (05/08)
TradingDay.com (05/08)
TradingMarkets.com (05/08)
Underground Trader (05/08)
Worldwide Traders (05/08)

Top of Page

Exchanges

General Information
- Addresses & Phone Numbers of the World's Exchanges (01/06)
Commodity Exchanges
- Chicago Board of Trade (07/08)
  - Live Book for Gold (07/08)
- Chicago Board Options Exchange (01/06)
- Chicago Mercantile Exchange (01/06)
- Kansas City Board of Trade (01/06)
- LIFFE (01/06)
- Minneapolis Grain Exchange (11/03)
- New York Board of Trade (01/06)
- New York Mercantile Exchange (01/06)
  - Trading Hours (07/08)
- Winnipeg Commodity Exchange (01/06)
- Margins
  - Chicago Mercantile Exchange (01/06)
FOREX
- Action Forex (07/08)
- CurrencyShares Snapshot (07/08)
- FOREX Peace Army (07/08)
Stock Exchanges
- AMEX (01/06)
- Merchant's Exchange of St. Louis (07/08)
- NASDAQ (01/06)
- NYSE (07/08)
  - Circuit Breakers (07/08)

Top of Page

IRAs (Traditional and Roth)

Top of Page

Journals (Trading) & Logs

BrettSteenBarger.com

Trading Journals That Work

Kirk Report (07/08)

Trading Journal Checklist (07/08)

MyPivots.com (07/08)

Record Keeping for Day Traders (07/08)
Trading Articles (07/08)

MyTradingRoom.blogspot.com (07/08)

Breaking Down the Trading Day (07/08)
Time Segmented P&L, Updated (07/08)

StockTickr.com (07/08)

Plugin Screencast (07/08)
Replay the Trading Day Using Automatic Screenshots (07/08)

TraderMike.net (07/08)

On Trading Journals (07/08)
Trading 101: Expectancy (07/08)
Trading Journal (Excel Spreadsheet) (07/08)

Trade2Win.com (07/08)

When Trading Journals Don't Work (07/08)

Top of Page

Metrics (Trading)

Achieving Success (Lesson #8) @ brucegould.com (03/09)
Myth of Profit/Loss Ratios (03/09)
- Profit/Loss Ratio = (average_profit) / (average_loss)
- Average Profitability Per Trade (APPT)
  - APPT = (probability_of_win * average_win) - (probability_of_loss * average_loss)
Expectancy @ chrisperruna.com (03/09)
- Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)
Expectancy Score @ unicorn.us.com (03/09)
- Expectancy = ((probability_of_win * avg_win) + (probability_of_loss * avg_loss)) / | avg_loss |
- Expectancy Score = Expectancy * Opportunity
Daytrading Futures Blog (03/09)

Maximum Drawdown

Maximum Drawdown (03/09)

Profit and Loss

Definition of Profit/Loss Ratio @ investopedia.com (03/09)
Profit Calculator @ dailymarkets.com (03/09)

Sharpe Ratio and Modified Sharpe Ratio

Sharpe Ratio @ wikipedia.org (03/09)
Sharpe Ratio by William F. Sharpe @ stanford.edu (03/09)
Sharpe Ratio @ agecon.uga.edu (03/09)
Sharpe Ratio by Bob Fulks @ miapavia.it (03/09)
Consistency and Sharpe Ratio @ daytrading-fdax.blogspot.com (December 12, 2006) (03/09)
"Managed Trading" by Jack D. Schwager @ books.google.com (03/09)
Calculate Portfolio Sharpe Ratio @ editgrid.com (03/09)

Sortino Ratio

Sortino Ratio @ investopedia.com (03/09)

Software

Market System Analyzer Lite 1.0 @ 123appz.com (hard-to-find freeware) (03/09)
Market System Analyzer 2.0 @ download3000.com ($199.00) (03/09)
Market System Analyzer 3.1 @ adaptrade.com ($349.00) (03/09)
Tickerlog.com (03/09)

Top of Page

Money & Risk Management

Money Management Experiment (10/08)
Money Management Matters @ investopedia.com (03/09)
Precision Money Management @ wisetrader.com (03/09)
Routine and Habits V: The Money Management Plan (10/08)
Science of Strategy Evaluation @ elitetrader.com (03/09)
Two Percent Rule @ incrediblecharts.com (03/09)

Profit and Loss

Achieving Success (Lesson #8) @ brucegould.com (03/09)
Importance of a Profit/Loss Plan (03/09)

Trading Frequency

Trading Frequency - by Check LeBeau @ tradejuice.com (03/09)

Top of Page

Options

July 17, 2007

CBOE Expiration Calendar & Holidays (10/08)
Commodity Futures Options Expiration Calendar (10/08)
OptionsClearing.com (10/08)
SchaeffersResearch.com Options Expiration Calendar (10/08)
Stock Option Expiration Cycles (10/08)

Options Expiration

Bespoke Investment Group - Options Expiration Week (10/08)
Investopedia.com (10/08)
Options Expiration Supported QQQQ (2006-12-28) (10/08)
Options Expiration Trader (10/08)
Options Expiration Week @ blog.mdwoptions.com (10/08)
Options Expiration Week @ mysmp.com (10/08)
Options Expiration Week @ seekingalpha.com (10/08)
Options Industry Council (10/08)
Stock Price and Strike Price (NYTimes.com) (10/08)
Stock Price Pinning (10/08)
TraderMike.net -- Why I Avoid Options Expiration (10/08)
VIX and More Blog (10/08)

Post Options Expiration

MarketSci Blog (10/08)
Options Expiration Rally Set-Up (10/08)
Post Options Expiration Decline (10/08)
Trading Around Option Expiration Days (10/08)

Maximum Pain

Maximum Pain, Options Calculator (10/08)
Maximum Pain Revisited @ optionetics.com (2005-12-13) (10/08)
Maximum Pain Theory @ ntractiv.stores.yahoo.net (10/08)
Options Pain (Max Pain) Calculator (10/08)
Options Expiration Trade (2007-07-15) (10/08)

Pinning

Effect of Stock Pinning Upon Options Prices @ supercc.com (10/08)
Market-Induced Mechanism for Stock Pinning (10/08)
Paper on Stock Price Pinning (10/08)
Pinning the Strike @ investopedia.com (10/08)
Pin Risk @ wikipedia.org (10/08)
Real Reason Stocks Often "Pin" a Strike Price When Options Expire (10/08)
Stock Price and Strike Price (NYTimes.com) (10/08)
Stock Price Pinning (sentecon.com) (10/08)

Top of Page

Paper Trading

Traders Helping Traders

Software for simulation (paper) trading

Let's Trade Futures (05/08)
LimitUp! Commodity Simulation Game (05/08)

Market Skill-Builder (05/08)

Homepage (05/08)
Order Information ($99) (05/08)

Websites that offer simulated (paper) trading

Top of Page

Predictions

List of Prediction Sites (05/08)

MarketTrak (05/08)

TradeTrek (05/08)

5-Day Neural Net Prediction for the QQQQ (small chart) (05/08)

Vector 2000 (05/08)

Source Code for Forms (05/08)

ZyGo5.com (10/09)

Top of Page

Psychology (Trader)

Ari Kiev's Trading to Win! Podcast

BrettSteenbarger.com (07/08)

Articles @ brettsteenbarger.com (07/08)
Trader Performance (09/08)
Trading Psychology Weblog (09/08)
Articles @ tradingmarkets.com (07/08)
- A New Strategy for Trading Market Reversals (07/08)
- Three Creative Approaches to Market Analysis (07/08)
TraderFeed.blogspot.com (07/08)
- Do Traders Prefer Winning Trades or Making Money? (10/08)
- Resilience and the Courage of Your Convictions (09/08)
- Six Keys to Trading Success (09/08)
- The Need to Be Right Versus The Need to Make Money (10/09)
- Three Pervasive Myths of Trading Psychology (09/08)
- What Contributes to Profitability? (09/08)
Twitter.com/steenbab (07/08)

Camron.com.au (05/08)

DirectYourMind.com (07/08)

Overcoming the Fear of Failure (07/08)
TradingMind Demo (07/08)

MarketPsych.com (10/09)

Sell In May and Go Away (June 24, 2007) (10/09)

OptionsXpress.com (09/08)

Tactical Trader (09/08)

TradingPsychology1.com (09/08)

Traders Log (09/08)

Trader Psyches (07/08)

TraderPsychology.blogspot.com (09/08)

Trading Mind Demo (05/08)

TradingOnTarget.com (07/08)

Trader's Winning Edge (07/08)

The Trading Tribe (Ed Seykota)

Top of Page

Quotes

QuoteTracker (free software) (05/08)
Speedresearch (browser aid) (05/08)

Standard quotes

Free Realtime Quotes (05/08)
Market Summary @ MarketWatch (Advances, Declines, & Volume) (05/08)
QQQ Quotes @ Barchart.com (nice tables) (05/08)

Nasdaq

Extended Trading Quotes at Nasdaq.com (05/08)
Heatmaps
- Heatmap for Pre-Market Indicator (05/08)
- Heatmap for Nasdaq 100 Index (05/08)
- Heatmaps for ETFs (05/08)
Nasdaq-100 Index (05/08)
Nasdaq-100 After Market Indicator (05/08)
Nasdaq-100 Pre-Market Indicator (05/08)

Options Clearing Corporation (Volume Statistics) (07/08)

QQQQ

Fact Sheet for PowerShares QQQ (05/08)
PowerShares QQQ (05/08)
CME Futures on PowerShares QQQ (200 shares; code is QQF8, QQG8, QQM8, etc) (07/08)
IB Margin Requirements for Globex QQQQ Futures Contract (07/08)
GLOBEX IB underlying=QQQQ "Powershares QQQ" Trading class=QQQ
Intraday Initial Margin=1119 Intraday Maintenance Margin=896
Overnight Initial Margin=2239 Overnight Maintenance Margin=1791 USD
Commitment of Traders for the NQ (07/08)
QID @ investopedia.com (07/08)
QLD @ investopedia.com (07/08)

Yahoo!

Current Prices
- QQQ Current Price @ Yahoo (05/08)
- COMPX Current Price @ Yahoo (05/08)
- DJIA Current Value @ Yahoo (05/08)
- S&P500 Current Value @ Yahoo (05/08)
Historical Prices
- QQQ Historical Prices @ Yahoo (05/08)
- COMPX Historical Prices @ Yahoo (05/08)
- DJIA Historical Values @ Yahoo (05/08)
- S&P500 Historical Values @ Yahoo (05/08)
Major US Indices (05/08)
Total Volume
- NASDAQ Total Volume (05/08)
- NYSE Total Volume (05/08)
World-wide Quotes at Yahoo (05/08)

Top of Page

Research

FireCharts

FireCharts Egroup @ Yahoo (05/08)
FireCharts Software (05/08)

Market Barometer (05/08)

Price-Volume Charting (Fredric Goodman)

TrendMacrolytics (05/08)

Volume Analysis

MarketVolume.com (05/08)
Essentials at MrSwing.com (05/08)

SuperForce.com (05/08)

Forecast Archive (05/08)
Forecast Charts for the NASDAQ (05/08)
Real-Time Electron Flux Example (05/08)
Solar Wind Example (05/08)
Project: Air (05/08)
- Solar Shock Wave (05/08)
UnitedDynamics.com (05/08)

NOAA

Current Solar Data (from NOAA) (06/08)
Electron Flux
- NOAA Real-time Plots (05/08)
Online Data (05/08)
Solar Wind
- Explanation of Real-time Data (05/08)
- Real-time Dials (05/08)
- Current Data by Minute (01/06)
Wang-Sheeley Model (05/08)
SEC's FTP Server (05/08)
Space Weather (05/08)
Space Weather Java (05/08)
Windows to the Universe (great GIFs) (05/08)

Top of Page

Software

Bull's-Eye Broker (P&F charting package)

ChartNexus (free charting software; historical data; EOD updates) (12/08)

Cycle-Trends (07/08)

Ensign Software @ Bonnie's Links

Hquotes.com (downloaders for historical stock quotes) (07/08)

Market Skill Builder (07/08)

Mesa Software (07/08)

Ninja Trader (07/08)

QuoteTracker (07/08)

RALoMatic24 (07/08)

TechSignal (Foundation for the Study of Cycles) (07/08)

TradeGuider (Volume Spread Analysis) (07/08)

TradeStation (07/08)

Inside Edge (07/08)
RT Soft TradeStation Solutions (07/08)
RT Soft EasyLanguage Code Converter (07/08)

Trading Technologies Plugins for X_Trader (07/08)

VisualMarkets Clock for Woodie's CCI Club (07/08)

Wave59 (07/08)

Archives (07/08)
Handbook of Market Esoterica (07/08)

Top of Page

Taxes

Securities Transaction Tax (H.R. 1068)

H.R. 1068 @ govtrack.us (02/09)
H.R. 1068 @ opencongress.org (02/09)
H.R. 1068 @ washingtonwatch.com (02/09)
H.R. 7125 (previous version of this bill in the 110th Congress) (03/09)
Green Company View of H.R. 1068 (03/09)
VoteNo1068.com (02/09)
TraderFeed comments (02/09)
RallyCongress.com - no2tradertax (02/09)
Writerep.house.gov (02/09)

US National Health Care Act (H.R. 676)

There is also a line item in "The National Health Care Act" (HR 676 Section 211, Sub-Section C -
"Funding- Item 1-D".) that seeks to impose "a small tax on stock and bond transactions" in addition to
"a modest and progressive excise tax on payroll and self-employment income."
H.R. 676 @ govtrack.us (03/09)
H.R.676 Status (03/09)

Top of Page

Trading Plan

Forex Trading Rules @ Investopedia.com

Introduction (10/08)
Rule #1: Never Let a Winner Turn Into a Loser (10/08)
Rule #2: Logic Wins; Impulse Kills (10/08)
Rule #3: Never Risk More Than 2% Per Trade (10/08)
Rule #4: Trigger Fundamentally, Enter and Exit Technically (10/08)
Rule #5: Always Pair Strong with Weak (10/08)
Rule #6: Being Right But Being Early Simply Means That You Are Wrong (10/08)
Rule #7: Know the Difference Between Scaling In and Adding To a Loser (10/08)
Rule #8: What is Mathematically Optimal is Psychologically Impossible (10/08)
Rule #9: Risk Can Be Predetermined; Reward is Unpredictable (10/08)
- The Importance of a Profit/Loss Plan (03/09)
Rule #10: No Excuses, Ever (10/08)

Henry (Hank) Pruden

hankpruden.com (05/09)
- Life Cycle Model of Crowd Behavior (05/09)
- Like a Triple Threat from a Single Wing (05/09)
- Nine Tests (05/09)
- Skim The Book (05/09)
- Ten Tasks (05/09)
- Wyckoff Buy/Sell Tests (05/09)
- Wyckoff Laws and Tests (05/09)
The 21st Centrury Technician in S&C (05/09)
Hank Pruden's 3-in-1 Trader @ youtube.com (05/09)
Market Technician No 51 - Wyckoff Laws and Tests (05/09)
Pruden Model @ books.google.com (05/09)
Core Point & Figure Chart Patterns (05/09)
Silicon Vallue AAII (2007-11-03) (05/09)
What the Future Holds (06/09)
The (Mis)behavior of Markets and the 3-in-1 Trader Model (06/09)
Journal of Technical Analysis (06/09)
IFTA Journal (06/09)
Three (Behavioral) Models from France for Technical Analysis (05/09)
Three Skills of Top Trading @ amazon.com (05/09)
Three Skills of Top Trading @ dclibrary.org (checkout ebook) (05/09)
RAR copy @ rapidshare.com (05/09)
Richard Wyckoff III
- The Daytrader's Bible (05/09)
- Wyckoff Stock Market Institute (05/09)
  - Archives (05/09)
- Introduction to the Wyckoff Method of Stock Market Analysis (ZIP file) (05/09)
- Richard Wyckoff Part 1 @ tradingsuccess.com (05/09)
- Richard Wyckoff Part 2 @ tradingsuccess.com (05/09)
- Richard Wyckoff Part 3 @ tradingsuccess.com (05/09)

MTrader.com (07/08)

Premarket Preparation Checklist (07/08)

MyPivots.com (07/08)

Following the Rules (07/08)
Trading the Plan (07/08)
- Step #1 - Name and describe the strategy
- Step #2 - Setup a measurement and record-keeping tool
- Step #3 - Trade the plan
- Step #4 - Measure the results

Rob Booker's Trading Plan

Creating and Using a Powerful Trading Plan -- Part 1 (07/08)
Creating and Using a Powerful Trading Plan -- Part 2 (07/08)
Notecard Trading Plan (07/08)
Notecard Trading Plan (November 2007) (07/08)
Endless Planning and Never Doing (April 12, 2009) (04/09)
- If you�d rather make as little money as possible, here are some things you can do:
- Write an endless 30-page trading plan
  - It should be so detailed as to tell you what time to get up in the morning, what to eat,
    and what to wear.
  - It should go into huge detail about what kinds of trades you take and show you every
    example of that kind of trade.
  - Then each day, you should read the plan and check the plan over and over.
  - The plan will strangle you, of course, and when something goes wrong in the market that is
    outside the scope of the plan, you can lose a bunch of money.
  - Then you can spend the next 7 weeks re-writing the plan to include the new contingency plan.
  - Of course, that contingency will never arise again, but something else will.
- Here�s the alternative:
  - Have a new, short trading plan every day, written on a notecard.
  - Tape it to your computer monitor.
  - Write on it the maximum risk you�ll take, a few words about your psychological state,
    and maybe a goal for what you are trying to achieve.
  - Then at the end of the day, write some notes about your performance, some things you
    want to improve tomorrow, and then file it away.
- Buy $7 million worth of computer equipment before you make any money
  - Go out and buy the most expensive computer setup you can.
  - Get a desktop and a laptop.
  - Buy expensive software.
  - Design an entire office with new furniture.
  - You�ll be playing the role of a trader even though you�ll not have made much money yet.
- Here�s the alternative:
  - Borrow a computer or buy a cheap one.
  - Trade a Starbucks or a place with free wi-fi.
  - Buy nothing expensive.
  - Earn the money to improve your equipment.
  - People tell me all the time that they need the best equipment that won�t �go down� when
    they are trading.
  - I say: get a cheap cell phone and be able to call your broker if something goes wrong.
  - An expensive laptop and nice furniture are not going to trade for you. They just take money
    out of your trading account that you could be using to produce returns.
- Summary:
  - Only spend money on what is going to help you make more money, or what is going to help you
    spend less money.
  - In trading, very few things matter.
  - Have a simple plan.
  - Have a simple, inexpensive setup.
  - Risk as little as possible.
Free Stuff (07/08)

Ten Steps to Building a Winning Trading Plan @ investopedia.com (10/08)

TradeStalker.com (Mike Reed) (11/08)

10 Steps to Professional Day Trading by Mike Reed (11/08)
EzineArticles.com (11/08)

Trading Plan Review (07/08)

TradingSuccess.com (Ray Barros) (07/08)

Routines and Habits I: Success (07/08)
- Steps to Success I (07/08)
- Steps to Success II (07/08)
- Steps to Success III (07/08)
- Success Lessons We Need to Learn (07/08)
- The Art of Learning I (07/08)
- The Art of Learning II (07/08)
Routines and Habits II: The Business Plan (07/08)
- Business Plan Outline (07/08)
Routines and Habits III: The Disaster Plan (07/08)
- Be Prepared (07/08)
Routines and Habits IV: The Trading Plan (07/08)
- Components of a Trading Plan - A (07/08)
- Setup, Entries, and Initial Exit Strategies I (07/08)
- Setup, Entries, and Initial Exit Strategies II (07/08)
- Exit Strategies (07/08)
- Zones (07/08)
- Zones in a Sideways Market (07/08)
Routines and Habits IV (B): The Trading Plan (07/08)
Routines and Habits V: The Money Management Plan (07/08)
- Expectancy of a Trade (07/08)
- Nature of Returns (07/08)
- Position Sizing 1 (07/08)
- Position Sizing 2 (07/08)
- Risk Management 1 (07/08)
- Risk Management 2 (07/08)
- Risk Management 3 (07/08)
- Risk Management 4 (07/08)
- Risk Management 5 (07/08)
Routines and Habits VI: The Psychological Plan (07/08)
- Acceptance of Decisions' Consequences (07/08)
- Paradigm of Success (07/08)
- Psychology of Mastery and Decision Making I (07/08)
- Psychology of Mastery and Decision Making II (07/08)
- Probability Thinking (07/08)
- Quality of Our Decisions I (07/08)
- Quality of Our Decisions II (07/08)
  - FreeMind Download (software) (07/08)
  - InsightTree (software) (07/08)
Routines and Habits VII: The Routines and Habits (07/08)
Barros Swings
- Barros Swing Construction (MW Word document) (07/08)
- How to Use Them (07/08)
- Intraday Nature of Trend Material (07/08)
The Ray Wave
- An Introduction (07/08)
Free Stuff (07/08)

Exits

Maximum Adverse/Favorable Excursion

Drawdown Minimizer Logic (07/08)
"Less is More" (07/08)
MFE and MAE @ fibonaccitrader.com (07/08)
"The Way of the Turtle" (07/08)

Scaling In and Out

Scaling In
- About.com - Scaling In (10/08)
- HardRightEdge.com - Trade Entry Q&A (10/08)
- Investopedia.com -- Forex Trading Rules (Scaling In or Adding to a Loser) (10/08)
- Investopedia.com -- Scaling Up (Pressing the Trade) (10/08)
- Market Statistics VI. Scaling In and Risk Tolerance (10/08)
  - Scaling In and/or Out (good comments) (10/08)
    - NQ Scale-in July 25 (10/08)
  - Scale-in Video (10/08)
- OANDA.com - Scaling In (10/08)
  - 1. Enter at price of "1000"
  - 2. If opening trade gives profit of 100 pips, take the money and run
  - 3. If price falls to "1000 - 100", add to position (scale in); average price now equals 950
  - 4. If price falls to "950 - 100", add to position again (scale in); average price now equals 916
  - 5. When price exceeds 916, take profits
  - 6. The goal is to keep the average price within 100 pips of the current price, and take profits whenever they are presented.
- TaylorTree.com - Scale Fish not Trades (10/08)
  - FickleTrader.blogspot.com - Michael Taylor On Scaling Into Trades (10/08)
  - RealMoney.com - Scaled Entries (10/08)
  - TraderMike.net -- To Scale or Not to Scale? (10/08)
Scaling Out
- eSignalLearning.com - Psychology Behind Scaling Out of Trades, etc (10/08)
- ForexFactory.com - Scaling Out of a Position (10/08)
- RealMoney.com - Increase Rewards by Scaling Out (10/08)
- RightLine.net - The Battle of the Exit Strategies (10/08)
- TraderMike.net - Scaling Out (10/08)
- TradersLaboratory.com -- Holding onto Winners (Scaling Out) (10/08)

Stops

Most traders set stops based on what they can afford to lose. For example,
if the trader can afford to lose $5,000, he might trade 10 contracts and risk
$500 per contract. This is fine if the typical fluctuations in the market and
in the time-frame he is trading are less than $500, but what if they are not?
A trader who sets stops with such assumptions is like a sailor with a small
boat who stands by the sea and commands that the waves be no higher than two
feet because that is all his boat can handle. When he sets sail into four-foot
seas, he is instantly capsized. Like the sea, the market doesn�t care how big
a boat is. If the waves in the sea or the risk level in the market is too great
to withstand an average trading day without getting stopped out, the trader does
not belong in that market. On the other hand, when trading in such a market, a
trader should not set stops that will force him out on noise, regardless of
whether the trade might have been profitable.
"Trading With The Odds: Using the Power of Statistics to Profit in the Futures
Market" by Cynthia Kase
10 Steps to Professional Day Trading by Mike Reed (07/08)
Art of Placing Stops and Taking Profits (07/08)
Protective Stops While Day Trading (07/08)
Stop Loss Q & A @ hardrightedge.com (07/08)
"STOPS - Where Do You Place Your Stops?" Seminar by Joe Ross
- "STOPS" Workbook by Joe Ross (07/08)
Stop Theories (07/08)
Stops and Exits by Buffy (07/08)

Top of Page

Trading Tribe (Ed Seykota)

Your real trading system is the set of feelings you are unwilling to experience.
Commitment is the power to realize that intention equals result.
Win or lose, everybody gets what they want out of the market. Some people
seem to like to lose, so they win by losing money.
My experience is that about 20% of the activities you perform as a trader
contribute about 80% of your profit - and that the other 80% of the things you
do, have, at best, no effect.
Traders may find that the majority of their trading activities are basically
ritualistic in nature and actually contribute little to the process of trading
successfully. Meanwhile, a few activities, many of them subtle and unconscious,
dominate the trading.
Markets are fundamentally volatile. No way around it. Your problem is not in
the math. There is no math to get you out of having to experience uncertainty.
You not only seem to want the perfect trading system, you seem to want it to
appear as a definite set of rules.
The complexity of a trading system has little to do with the markets and little
to do with the math; it has mostly to do with your emotions.
The difference between various optimizations of your system is likely much less
than the difference between sticking to it and not sticking to it - and that's where
TTP comes in.
A market has no inherent trend. It only has a price, now. A trend is a notion you
bring to the market, depending on your own definition of trend.
A losing trader can do little to transform himself into a winning trader. A losing
trader is not going to want to transform himself. That's the kind of thing winning
traders do.

The Trading Tribe (Ed Seykota) (09/08)

Dallas Trading Tribe

Dallas Trading Tribe Leader: tribe.dallas@gmail.com
Contact Information (11/08)
Event Details (11/08)
Meeting Status (11/08)
Google Map of the Meeting Location (11/08)

Articles and Links

Insights of Ed Seykota @ picofactory.com (10/08)
PDF Search Engine (10/08)
Seykota's TSP: EMA Crossover System (10/08)
TradingMarkets.com -- Articles by Ed Seykota (10/08)
TT Glossary by Gibbons Burke (10/08)
TurtleTrader.com (10/08)
- Ed Seykota (10/08)
- Ed Seykota was at the Commodities Corporation (10/08)
- Trading Tribe (10/08)

The Whipsaw Song

Whipsaw Song by Ed Seykota @ tradermike.net (10/08)
Whipsaw Song by Ed Seykota @ michaelcovel.com (10/08)
Wikipedia Article (09/08)
Wikiquote (10/08)

Top of Page

Videos

CBOT
- Webinars Archived at HotComm.com (05/08)
- Trading Ambushes (Hubert Senters) (07/08)
CME
- CME Group - Knowledge Center (07/08)
- CME Live Webinars (07/08)
- CME On Demand Webinars (07/08)
Daniel Gramza
- Trading In the Eye of the Storm (07/08)
eMiniMaster.com Videos (05/08)
FOREX Mentor Program (07/08)
FXStreet.com (07/08)
- FXstreet.com Live Session Transcripts (05/08)
- Spotting Short-Term Reversal Points (07/08)
ISE.com (07/08)
- Webinars (07/08)
- Webinar Archive (07/08)
Leavitt Brothers Chartspeak (07/08)
MarketVu Files @ cciclub.com (05/08)
MoneyShow.com (07/08)
- Active Traders (05/08)
- International Traders Expo (07/08)
- Videos by Rob Booker (07/08)
TeachMeFutures.com (05/08)
TheTradingAuthority.com (07/08)
- Five Common Trading Myths Debunked (07/08)
TradeTheMarkets.com (John Carter & Hubert Senters) (05/08)
- Free Trading Videos for Day Traders (05/08)
- Free Trading Videos @ AskTheTrader.com (05/08)
- Free Trading Videos, More (05/08)
- Free Webinars (05/08)
- Hubert's Video Newsletter (paid) (05/08)
- John Clayburg System Trading Videos (08/08)

Capture Streaming Video

WM Recorder (05/08)

Top of Page

Witty Sayings

Your real trading system is the set of feelings you are unwilling to experience.
Commitment is the power to realize that intention equals result.
Win or lose, everybody gets what they want out of the market. Some people
seem to like to lose, so they win by losing money.
My experience is that about 20% of the activities you perform as a trader
contribute about 80% of your profit - and that the other 80% of the things you
do, have, at best, no effect.
Traders may find that the majority of their trading activities are basically
ritualistic in nature and actually contribute little to the process of trading
successfully. Meanwhile, a few activities, many of them subtle and unconscious,
dominate the trading.
Markets are fundamentally volatile. No way around it. Your problem is not in
the math. There is no math to get you out of having to experience uncertainty.
You not only seem to want the perfect trading system, you seem to want it to
appear as a definite set of rules.
The complexity of a trading system has little to do with the markets and little
to do with the math; it has mostly to do with your emotions.
The difference between various optimizations of your system is likely much less
than the difference between sticking to it and not sticking to it - and that's where
TTP comes in.
A market has no inherent trend. It only has a price, now. A trend is a notion you
bring to the market, depending on your own definition of trend.
A losing trader can do little to transform himself into a winning trader. A losing
trader is not going to want to transform himself. That's the kind of thing winning
traders do.

Performance @ accustock.com (03/09)

Top of Page

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Bonnie's Links
created by Bonnie Lee Hill,

bonniehill@verizon.net

last modified on October 8, 2009

URL: http://mysite.verizon.net/bonniehill/pages/stocks.html