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Old 04-28-2008, 03:20 PM
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Re: How to Be a Good Trader?

The Trading Journal post to my Blog may also be of help: The Trading Journal. And while I agree that learning to read charts is essential, I do NOT recommend that any beginner get into Murphy (by the way, stockcharts does not belong to Murphy; it belongs to Chip Anderson ). Indicators are a detour to learning how to read price action, and it can take years to find one's way back to the main road. (Also avoid Elder, Pring, Farley, and the rest of the usual suspects.)

I suggest beginning at the beginning, with the nature of demand and supply and of buying and selling. The Wyckoff material posted to my Blog is one place. If the trader doesn't understand demand and supply, the rest of it will be a mystery.

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