Michelle B submits: The Disciplined Trader by Mark Douglas sits near my trading turret in a place of honor. Following rules is very problematical for traders. Having rules, and some traders have many, is not the same as being disciplined. A disciplined trader follows his rules, while a trader who has rules may not necessarily [...]
Posted by 9 August 2006
Review of “Mastering the Trade” by John Carter
After reading some of John Carter’s articles in Stocks, Futures and Options Magazine I was looking forward to reading his then upcoming book “Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups“. It was obvious from his articles that John had some good insights into how the markets work and that [...]
Posted by 7 June 2006
How I Became Such a Great Trader ;-)
SD Trader left this comment this morning: I appreciate the overview of your daily trading. It appears you have quite the set up over there. How long did it take you to start trading successfully (and consistently)? I have tried to look this one up in the archives but it appears once you left your [...]
Posted by 18 June 2005
Stock Trading Best Practices
Here’s a long list of stock trading best practices/rules (It lists 103 items but many are duplicated). Some of my favorites are: Losses are part of trading. Limit them, accept them and move on to the next trade. Believe That The Market Is Stronger Than You Are. Do Not Try To Fight The Market. Capital [...]
Posted by 5 December 2004
The Original Turtle Trading System
I know some of you (Duru) were disappointed with Michael Covel’s Trend Following book because of its lack of detail/trading rules. A friend of mine just sent me a link to OriginalTurtles.org which is giving away the rules to the original Turtle Trading System. They have a very interesting reason for giving the system away: [...]
