Tuesday, September 22, 2009

Getting the Most From the TraderFeed Blog

The purpose of this post is to help traders get the most from TraderFeed. Going forward, there will be five major components of the blog:

1) Twitter posts - A great deal of brief but important information is sent out via Twitter. You can follow the last five tweets on the blog page under "Twitter Trader" or subscribe to the Twitter stream free of charge via RSS. Among the tweets daily are links to articles on market-relevant themes; daily pivot point and price targets for the S&P 500 Index (SPY); market indicator readings on strength, momentum, and trend; upcoming economic reports; and intraday updates regarding how the market is trading.

2) Morning Briefing - This is a standard post that illustrates how markets are trading going into the trading day; emerging intermarket themes; important price levels; and assessments of market strength and weakness.

3) Midday Briefing - This is a look at the market during the trading day to see how the structure of the day has been unfolding; update ranges and key price levels; and evaluate strength, weakness, intermarket activity, and key confirmations and non-confirmations of market moves.

4) Evening Briefing - This post wraps up the market day; summarizes major themes from the day; highlights economic reports scheduled overseas; and links readings that are important to recent market and economic activity.

5) Trading Psychology Posts - These are blog posts that emphasize the psychology of markets, the psychology of traders, and/or the psychology of the process of learning/mastering markets.

In addition, I feature Sector Updates and Indicator Updates at the end of each week to take a larger picture view of how markets are trading, what is strong and weak, and whether markets are gaining or losing strength and momentum.

Not all features will be relevant to all traders, but my hope is that the Twitter and blog posts will give traders a few decision support tools and opportunities for staying on top of themselves and staying on top of markets.