Truer Words Were Never … Pt. 5

Truer Words Were Never … Pt. 5

Oct 31, 2006

As part of an occasional series of great approaches to trading, written by fellow traders/bloggers, here is a series we call “Truer Words“.

The articles discuss topics of trading which include: emotional intelligence, trading journals (especially, but not limited to, the ones that document benefits of using Trade-Ideas), size management, P/L performance, and many other dimensions of the trading process – not just pre-trade analytics and idea generation.

Dr. Brett Steenbarger’s Latest Book Clears a Trader’s Head for Trading

The book arrived early this morning from the publisher and I am excited to begin reading Brett’s method for turning talent (or luck) into trading skill through a structured process of ‘athletic-like’, regimented development. NFL Films describes the work ethic to become an expert best,

“Amateurs practice until they get it right. The pros train and practice until they can’t get it wrong.”

Brett also includes a very kind mention of Trade-Ideas and our technology,

Trade Ideas is “a comprehensive and creative screening tool that really shines in intraday analyses. [It] allows for layering of screens on multiple time frames. This is my favorite program for scanning the market for historical patterns that possess a directional edge.”

Source: Brett N. Steenbarger, Ph.D., Enhancing Trader Performance, p. 259, 2007, Wiley Trading

Buy it HERE. I am diving into it now. Don’t take my word for it. Read Brett’s daily insight at his blog, TraderFeed.

An Unlikely Trading Veteran Talks Sense: Michelle B.

I have enjoyed reading the recent articles appearing on TraderMike’s site written by Michelle B., a 10-year trader living in southeastern France with a varied, fascinating background. Michelle’s post, “Out of the SKILL(let) into the Fire“, strikes a couple of themes that Brett Steenbarger examines in his book. Her recent interview with Stocktickr reveals her trading style, most influential book on trading, and how she got started trading.

Anytime Michelle B. wants to start writing about her experiences using Trade-Ideas on our blog or TraderMike’s, we would be happy to read her excellent prose!

I am also including an interesting article on the reasons female traders may outperform their counterparts.

Truer Words Series:

  • Part 1 is posted here. (highlight: TraderMike spreadsheet trading journals)
  • Part 2 is posted here. (highlight: FallonD’s performance data, StockBandit’s game face)
  • Part 3 is posted here. (highlight: Dr. Brett Steenbarger on the first hour of trading)
  • Part 4 is posted here. (highlight: How DownTownTrader uses Trade-Ideas)