Gerald M. Loeb was a highly successful trader who wrote the classics “The Battle For Investment Survival” and “The Battle For Stock Market Profits.”
Loeb’s Trading Tactics:
• The market is a battlefield. Make sure you are on the winning side
• You must trade with the actions of the market and not simply by how you might [...]
Archive for April, 2008
Trench Trading Tactics
Posted in Investing Lessons on April 30, 2008 | Leave a Comment »
Avoiding Errors: The Dumb and Avoidable Mistakes Traders Make
Posted in Investing Lessons on April 30, 2008 | Leave a Comment »
By Larry Schneider
http://www.tradingmarkets.com/.site/stocks/how_to/articles/-76372.cfm
No one likes to lose money. Ever. But the veteran trader knows there are two kinds of losses. Those caused by being on the wrong side of the market (because the seasoned trader knows the market is always right) and those caused by doing something dumb and avoidable. Taking losses is a part [...]
Three Things My Son Taught Me about Trading
Posted in Investing Lessons on April 30, 2008 | Leave a Comment »
Tom Gentile, Profit Strategies.com
April 7, 2008
http://www.optionetics.com/market/articles/19312
Watching kids grow up is amazing. The processes we all take for granted were once major challenges for all of us. And what really impresses me is how they seem to take to most things like a fish to water—first looking at each new endeavor, then assessing it, and finally [...]
A Few Trading Psychology Observations
Posted in Investing Lessons on April 30, 2008 | Leave a Comment »
http://traderfeed.blogspot.com/2008/04/few-trading-psychology-observations.html
* From working with developing traders, I’d say that 90% don’t/can’t sustain the process of keeping a substantive journal. Among the group that does journal, well over 90% of the entries are about themselves and their P/L. I almost never see journal entries devoted to figuring out markets.
* A sizable proportion of traders who [...]
Why Every Trader Should Be An Investor
Posted in Investing Lessons on April 30, 2008 | Leave a Comment »
I find two things striking about a large number of active traders:
1) They’re not prepared for failure – If trading doesn’t work out for them, they don’t have clear backup plans (and trading doesn’t naturally lead to other careers);
2) They’re not prepared for success – If trading does work out for them, how will they [...]
A Beginning Investor’s Reading List
Posted in Investing Lessons on April 30, 2008 | Leave a Comment »
Here are some good books to get you started.
By David Kathman, CFA http://news.morningstar.com/articlenet/article.aspx?id=235205
If you’re just starting out as a do-it-yourself investor, it can be hard to know where to start. Luckily, there are plenty of resources out there to help beginning investors who are willing to put in a little time and effort. These include [...]
15 Steps to Get Ready for the Market Day
Posted in Investing Lessons on April 30, 2008 | Leave a Comment »
15 Steps to Get Ready for the Market Day
http://www.hardrightedge.com/realmoney1.htm
Your daily routine in the pre-market hours sets the stage for the rest of the trading day. Gathering usable information, picking fights carefully, and making the right moves while your competition is still in dreamland can mean the difference between a very profitable session and a losing [...]
2007 Ireland’s Best Joke
Posted in Jokes and Humors on April 29, 2008 | Leave a Comment »
The following was voted the best joke in Ireland in 2007. John Kelly was in a pub; he lifted his glass of beer and said, “Here’s to spending the rest of my life between my wife’s legs.” That won him top prize at the pub for the best toast of the night.
He went home and [...]
Jack and the Beanstalk, v3
Posted in Haribon's Corner on April 28, 2008 | Leave a Comment »
As told by Edwin Sidney Hartland
There lived a poor widow, whose cottage stood in a country village a long distance from London, for many years.
The widow had only a child named Jack, whom she gratified in everything. The consequence of her partiality was that Jack paid little attention to anything she said, and he was [...]
Jack and the Beanstalk, v2
Posted in Haribon's Corner on April 28, 2008 | 2 Comments »
As told by Andrew Lang
Jack Sells the Cow
Once upon a time there was a poor widow who lived in a little cottage with her only son Jack. Jack was a giddy, thoughtless boy, but very kind hearted and affectionate. There had been a hard winter, and after it the poor woman had suffered from fever [...]
