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Useful information for novice traders in the US stock market. Reviews, articles and videos about the leading American stock exchanges

Three-screen trading system

Similar in name rather to a medical diagnostic test, the three-screen trading system was developed by Dr.Alexander Elder back in 1985 year. The medical associations here are by no means accidental.: before, how to immerse yourself in the world of finance, Dr. Elder worked for many years as a psychiatrist in New York. Since then, he has written numerous articles and books., including the bestseller “Trading For A Living” (1993). He has also spoken at several world conferences. A lot of traders get used to turning to a single screen or indicator to create each trade.. Basically, there is nothing wrong with using a single indicator to make a decision. Actually, discipline, which is required to keep attention on one scale, being related to the discipline of the individual, maybe, is one of the main components of achieving success as a trader.

New York Stock Exchange ( NYSE )

New York Stock Exchange (English. New York Stock Exchange, NYSE) - the main US stock exchange, the world's largest. A symbol of the financial power of the United States and the financial industry in general. The stock exchange calculates the world-famous Dow Jones index for shares of industrial companies (English. Dow Jones Industrial Average), as well as the NYSE Composite Index. History Exchange formed 17 May 1792 of the year, when 24 new york broker, who worked with financial instruments and concluded transactions, like their London colleagues, in coffee shops (the most popular coffee house "Tontin"), signed the "Sycamore Agreement" (Buttonwood Agreement) on the establishment of the New York Stock Exchange. With 1975 of the year became a non-profit corporation, owned by their 1366 individual members (this number is constant with 1953 of the year). Members' seats may be for sale, the price of one seat now reaches up to 3 million US dollars.

Entry and Exit - Trade Business

Trading can be an exciting alternative “traditional” work, but there is a lot of advertising hype in this industry - dominated by stories of wealth and happiness, trade-related. May be, this is so for the lucky few, but many traders lose money and face difficulties in exiting this business. Knowledge, when to get in - and when to get out - of the business is just as important, like any other trading lesson. Tax planning is extremely important for traders, but tax savings, which you can create, won't do you much good, if you cannot make a profit on a permanent basis. Reducing losses with tax refunds will not do you much good - you need to stop the losses themselves. There is a lot of information about, when to enter and exit a trade, but few guidelines about, when to enter and exit the trading business. However, some of the axioms, которым трейдеры следуют при исполнении сделок – быстро продавать убытки и позволять расти прибылям – можно применить к торговому бизнесу в целом. Если вы постоянно теряете деньги – то есть ваш торговый капитал с течением времени уменьшается – может быть, trading business is not suitable for you.

Super Traders – Richie (part 6)

You can find the beginning of the story about super traders here: Super Traders (Introduction) Richie Outwardly, Richie just gives the impression of a trader with a perfect psycho- emotional balance. Communication is soft, pleasant, focused in work. Richie is a mathematician, and all his trading is tied to numbers and various calculations. Unlike, say, Harry, which the, In most cases, trades on instincts, Richie builds his strategies on statistical tables. This strategy mostly pays off when working with premarket orders., which are placed before the market opens and orders for which are executed on the very first trade. Personally, I always tried not to do anything first. 10-15 minutes immediately after the market opens: even with a pronounced trend in one direction, sharp chaotic movements of individual stocks in any direction are possible. For Richie, first half hour of the market – this is the most productive time, from which not a minute can be lost. From the very beginning of the market, he opens many positions of different sizes and monitors their movement. His task – close positions quickly and with minimal losses, going against him, and work with positions, приносящими прибыль, gradually reducing them or vice versa, увеличивая, closing with a sharp jerk of the stock price in its direction or placing limit orders slightly ahead of the movement.

Super Traders – Harry (part 5)

You can find the beginning of the story about super traders here: Super Traders (Introduction) Harry Harry used to be called “a genius boy”, but sarcasm in these reviews was far. Harry – very successful trader. He is individual. That, what is Harry doing, almost no one else does, how does he do it, maybe, Harry doesn't know himself. Learning from Harry is useless. He can explain his actions, but not their essence and reasons. Often a trader can be judged, although very conditional, by the structure of the organization of information on his / her monitors. There is no order on Harry's monitors, the structure is completely absent. Nevertheless, Harry manages to follow more than seventy stocks and trade most of them.. Harry works in a very wide range of prices, often “sitting down” significant movement of the stock price against itself. But in most cases, he turns out to be right., prices come back and go in his direction. All this, but, does not say, that Harry is always right. There are simply no people who are always right. Harry is right most of the time, like other super traders.

Super Traders – Kif (part 4)

You can find the beginning of the story about super traders here: Super Traders (Introduction) Kif ( MOC trader ) Super traders are not alike. Another example – Kif. Keefe doesn't do that, what is dave doing, maybe sometimes, certainly, but, mostly he has his own games. It works almost exclusively with Market Close Orders.. At the end of the trading day, situations arise in high volume stocks, when large buyers or sellers were unable to complete daily orders. Twenty minutes before market close, they, according to the rules of the exchange, place a public order to buy or sell large packages, which can be hundreds of thousands, or even millions of shares. This order is executed in the last seconds of the market and is included in the final exchange trades., often causing little additional movement towards the order. According to the rules, such orders go to news for specific promotions, and traders can see it.

Super Traders – Dave (part 3)

You can find the beginning of the story about super traders here: Super Traders (Introduction) Dave Here, say, the aforementioned Dave. Outwardly, the most ordinary, gives the impression of a phlegmatic neurasthenic. It doesn't mean anything. Dave – the largest trader, whom I met. He does not exchange for trifles, just doesn't do anything. On an active day, Dave can trade up to 1.5 million shares. Stocks are mostly expensive for traders., from 30 to 100 dollars apiece. That is, it turns out, that up to a hundred million dollars can go through one Dave in a day. So much for the turnover! It's more, than all Russian exchanges combined. Most productive day, which I saw with him, – he earned something like three hundred thousand dollars. Early in his career, Dave, after working for about a year, thought of going out of business. I didn’t understand anything, nothing worked, money was not earned, but were lost. However did not go away, understood, what does he need to do. Six months later, he earned his first million.

Classic trading rules, necessary for the survival of the trader

1. Plan your trade. Trade according to your plan. 2. Record your results. 3. Maintain a positive infusion regardless of your losses. 4. Don't bring the market home from work. 5. Continuously level up your goals. 6. Buy on bad news and sell on good news. 7. Don't be afraid to buy high and sell low. 8. Always have a well-planned time for market research. 9. Isolate yourself from the opinions of others..

5 place in the Top Financial Blogs

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10 the laws of technical commerce by John Murphy

Which way the market will go? How far up or down? And when he changes direction? Here are the basic questions for a technical analyst. Besides charts, graphs and mathematical formulas, used in the analysis of market trends, there are some basic concepts, applicable to most theories, used by today's technical analysts. John Murphy, leader in technical analysis of futures markets, based on his thirty years of experience, he developed ten basic laws of technical trading: regulations, which are intended, to help explain the general idea of ​​technical trading to a beginner and simplify the trading methodology to a more experienced practitioner. These prescriptions define the key technical analysis tools., and also then, how to use them, to identify selling and buying opportunities.

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