Stock magicians. Interview with top traders

Jack D. Schwager Stock Wizards. Interview with Market Wizards Top Traders: Interviews with Top Traders Stock wizards allow the reader to penetrate the world of their thoughts, understand the fundamentals of their success – i.e. different approach to different markets, followed trading rules, personal advice from these professionals to other traders. What it takes to become a successful trader, you will understand and hear from the mouths of the exchange magicians themselves

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.

Neeson Steve “Beyond Japanese Candlesticks”

Steve Neeson, worked for many years as an analyst at the largest exchange firm “Merrill Lynch” and the author of the book “Japanese candles: graphical analysis of financial markets”, the long-standing bestseller, presents his new work “Beyond Japanese Candlesticks”. Explaining key terms and concepts, Neeson will teach the reader the tricks of reading candlestick charts, will show you how to open and close a position correctly using this tool. The author examines in detail such an important point., as a place of occurrence of candlestick patterns, explains how to use Renko and Kagi charts in technical analysis. Whereas the first book focused heavily on short-term charts, now the author is putting more emphasis on longer-term periods. And there is a simple explanation for this, in – the former on longer time intervals, candlestick charts perform even better, and secondly, the longer the time period, the higher the potential profit.

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.

Stock speculator universities

Book by Victor Niederhoffer – this is the story of a man, who managed to take a strong position in business and in society. She is not only instructive, but also very useful to people, loving and able to work, who would like to live with dignity and prosperity.

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.

4 day flat

Today I was late due to school and could not properly prepare for the opening, therefore, I have not traded for a very long time since the beginning of trading. There was nothing to do on OPG, the market did not particularly gap anywhere. Intraday: WMS : WMS Industries Inc. Sector: Services => Industry: Casinos and Gaming In this promotion, I left all the money today = She is very twitchy and the risks are big, so also the volume was included in it. При первом шорте стоп получил на ~13С хуже, generally fucked up. The second time you didn't have to enter at all, bad price, bad entry point and big risks. Potential: 1.5$ Risks: 10С и 15С Соотношение : 1 to 10 Mistakes: Bad entry point, on the second call, the action is very twitchy and one could expect this, the market did not go in my direction.

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.

Scroll to Top