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 [...]
Posted by 10 September 2005
October 2005 Active Trader Magazine
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 a [...]
Posted by 29 August 2005
On Trading Journals
Last week the following question was asked of me about trading journals: This expectancy stuff is very intriguing. I plan to take advantage of that concept immediately. I have been keeping a log of every trade I have done, but I have not kept track of what I now wish I had (overall market sentiment, [...]
Posted by 23 August 2005
Real-Time Scanners
The subject of real-time (intraday) stock scanners/screeners came up during MaoXian’s chat last night. Trader Eyal has provided a list of the free scanners that he uses. As he points out in his post and as MaoXian pointed out in the chat yesterday it’s probably better to just pay for a good scanner. This is [...]
Posted by 20 August 2005
Thoughts on Day Trading
2011 Update: You may also be interested in my article, Tools of the Trade, detailing how I trade as well as my hardware and software setup. 2010 Update – I (Mike) now trade exclusively with MB Trading. I suggest using stock brokers comparison site StockBrokers.com to compare the best day trading brokers. I’ve been exclusively [...]