The purpose of this blog is to provide a comprehensive compilation of articles and posts which have been of great help to me in the past, or that I find very insightful, wise or containing a great deal of useful knowledge.

The original author of the text will be mentioned, so that those who are interested in the subject can explore it deeper.

The blog will consist out of several categories, some more theoretical, other containing charts and analysis.

Finally, this blog is, in a way, a continuation of the journal
I started in the public section on another site.

	Interesting blog Posted 06-19-2008 at 05:39 AM by firewalker About market psyche, trading psychology, behavioural finance. These are two very interesting recent articles: http://www.marketpsych.com/blog/2008...t-its-all.html http://www.marketpsych.com/blog/2008...o-hard-to.html firewalker
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Why don't we keep stops? (Graifer) Posted 05-14-2008 at 09:37 AM by firewalker With everything said and written on the subject of stops, it should be given that everyone is conditioned to keep them religiously even before they start trading. No matter what source a newer trader turns to, utter importance of stops will be underlined and emphasized up to the degree that keeping them is heralded as the ultimate key to success. We all heard adages like “Take care of your losses, profits will take care of themselves”. Do all the stern warnings work? Not really.... Continue reading... firewalker

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Five Guiding Principles (Steenbarger) Posted 05-14-2008 at 09:35 AM by firewalker Updated 05-16-2008 at 06:09 AM by firewalker Principle #1: Trading is a performance activity Principle #2: Success in trading is a function of talents and skills Principle #3: The core skill of trading is pattern recognition Principle #4: Much pattern recognition is based on implicit learning Principle #5: Emotional, cognitive, and physical factors disrupt access to patterns we have acquired implicitly firewalker

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Self-evaluation Checklist (Steenbarger) Posted 05-14-2008 at 09:34 AM by firewalker Updated 05-16-2008 at 06:09 AM by firewalker 1) What is the quality of your self-talk while trading? Is it angry and frustrated; negative and defeated? How much of your self-talk is market strategy focused, and how much is self-focused? Is your self-talk constructive, and would you want others to be talking with you that way while you’re trading? 2) What work do you do on yourself and your trading while the market is closed? Do you actively identify what you’re doing right and wrong in your trading each day—with specific steps... Continue reading... firewalker

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38 Steps in becoming a successful trader (Douglas) Posted 05-14-2008 at 09:34 AM by firewalker Updated 05-16-2008 at 06:10 AM by firewalker 1. We accumulate information--buying books, going to seminars and researching. 2. We begin to trade with our "new" knowledge. 3. We consistently "donate" and then realize we may need more knowledge or information. 4. We accumulate more information. 5. We switch the commodities we are currently following. 6. We go back into the market and trade with our "updated" knowledge. 7. We get "beat up" again and begin to lose... Continue reading... firewalker

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