Tuesday, April 03, 2007

How To Trade: Blog Linkfest Volume One

I recently assembled a collection of TraderFeed posts that deal with some of the "how-to" aspects of trading. Now, however, it's time to turn the tables and look at how other bloggers trade. A number of trader/bloggers have responded to my call for posts; other sites were suggested by readers. My hope is that this collection will provide you with a variety of models that can assist your own trading. Indeed, I believe you can learn more by following these blogs than by attending most any of the common trading conferences. So let's start with Volume One and see how others are doing it!

* Sites posting their trade ideas, including targets and stops for trades, includes Apex Trader and Alpha Trends. I like how Apex Trader clearly maps out the risk:reward for each trade, and Brian Shannon of Alpha Trends makes especially strong use of video to explain his trades. That's particularly useful, because it enables viewers to follow his thinking. The Market Speculator offers clear perspective on stock screening and part-time trading; lots of good information, including setups, on the site. The Lauriston Letter also illustrates its trading methods and offers market perspective. Company-specific information, along with point-and-figure charts, illustrate trade ideas at Bob's Advice.

* There are a number of sites that post their trades, how they performed, and what was learned. This enables readers to learn from the experiences of others. One of the most thoughtful is NYSE Scalper. The Trading Digest makes a particularly effective use of video to illustrate trades that were placed; some very solid material on the site. Other worthwhile sites include The Chart Strategist, Trader Cowboy, Dinosaur Trader, Misstrade, and JimmyBees. I like the detailed description of trading method in High Probability Trader.

* Here are sites that take a broad look at the market, along with specific trade ideas. There are very interesting ideas in Stockbee, including how to find big moving stocks. Trading On The Edge shares specific trading rules and provides market overviews. Yaser Anwar looks at specific companies, as well as the economy, and also shares how he trades. The Afraid to Trade site has a number of useful posts relevant to trading psychology, but also details the author's trading approach. See also the Trader's Narrative site, which posts trading methods as well as market views.

Oh, but we've just begun. There are many more fine sites and posts offering trading perspectives. Volume Two of the Linkfest is soon to come!


Dinosaur Trader said...

Thanks for the link, Brett.

I plan on doing more in-depth analysis of past trades (good and bad)in the future. It really has helped me to be more conscious of my trading during the trading day. If anyone has suggestions on the cleanest way to depict entry and exit points with esignal graphs, I'm all dinosaur ears.

Also, one thing I am spending more time on recently, due to reader feedback, is a narrative of my past as a trader. I'm doing this because I feel strongly that trading is not only a job but it's also a lifestyle decision. It can easily color the way you look at the world.

Thanks again, DT

Brett Steenbarger, Ph.D. said...

Hi Dinosaur,

Those are great ideas. I find the same thing: writing about trading really helps me sort out my trading ideas. I also like what you say about trading as a lifestyle and how it affects the ways you view the world. There could be great posts on that topic. Do keep me posted with juicy URLs as you add material to your site; always happy to link to good material!


BobsAdvice said...

Thanks for the comment on my blog. I spend a good deal of time looking back at past stock selections as well as examining current stock market "picks".

It is nice to know that someone as qualified as you are has read what I have written and appreciates my efforts.

One of the great opportunities of the internet and weblogs is to share ideas and to receive feedback from other people who may well add understanding to our thinking process.

Bob Freedland

Brett Steenbarger, Ph.D. said...

Hi Bob,

Thanks for the note and best of luck with the blog. I especially appreciate analytical posts; don't hesitate to send me URLs for links when you post something especially juicy!


Inept Trader said...

Here is great blog I have recently discovered.


Brett Steenbarger, Ph.D. said...

Hi Inept,

I agree. I encourage readers to check out the link to High Probability's trading methods in my post.


MIsstrade said...

Thanks for the mention Brett. I do try to post existing trades along with Trades I missed, hence the MissTrade. A play on words. I guess the point I try to make is I miss trades every day, which is ok. As long as I manage the risk, I will find the next winner the next day or the next week. I try to keep my posts direct and thought provoking and am learning much from you and many of the other posters/bloggers.

Thanks again

Brett Steenbarger, Ph.D. said...

Hi Misstrade,

Thanks for the note. It's so much easier to trade when you don't feel as though you *have* to trade and can't afford to miss a trade!


Rahul said...


Thanks for the mention in your esteemed blog.
At this time, I am posting market comentary only since I am staying out of the market right now as per my trading rules. Once the signals start kicking in, readers will also see a lot of stock pick with exact entries and stops and also chart annotations of past trades.

Primarily, influenced by your thougts on trading diary I started the blog and record EVERYTHING there and it is more or less built into my trading workflow now. So more stuff will get populate.

Thanks once again,

Brett Steenbarger, Ph.D. said...

Hi Rahul,

Thanks for the note. That's a *great* use of the blog, as a diary integrated into one's own trading. It becomes a learning vehicle for you and others--


The Market Speculator said...

Thanks for the link. Its an honor to be included with the other high quality blogs.

Brett Steenbarger, Ph.D. said...

Hi Market Speculator,

Thanks, and do keep me posted with links to articles you think might be of special interest to TraderFeed readers!