The success that a trader achieves in the markets is directly correlated to one’s trading
discipline or lack thereof. Trading discipline is 90 percent of the game. The formula is
very simple:Trade with discipline and you will succeed; trade without discipline and you
will fail.
January 22nd, 2017
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1818
ericson
Contains all forex instruments of Interactive Brokers and their average spreads. Couldn't find data on some. Used four sources to get data, and last row is smallest spread of the sources. Measured in pips, 1 = 1 pip spread.
January 17th, 2017
Size: 4.92 MB
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1811
ericson
Price action is the foundation of all technical indicators, yet most traders do little to understand it. Within trades, price action creates the most important element of context, defining inflection points that affect market entry and exit. The sophisticated investor understands price action and uses it to frame every trading decision.
January 17th, 2017
Size: 2.02 MB
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1808
ericson
Andrew W. Loy, Dmitry V. Repinz, and Brett N. Steenbargeryy
First Draft: December 27, 2004
Abstract
We investigate several possible links between psychological factors and trading performance
in a sample of 80 anonymous day-traders. Using daily emotional-state surveys over a ve-
week period as well as personality inventory surveys, we construct measures of personality
traits and emotional states for each subject and correlate these measures with daily normal-
ized prots-and-losses records. We nd that subjects whose emotional reaction to monetary
gains and losses was more intense on both the positive and negative side exhibited sig-
nicantly worse trading performance, and large sudden swings in emotional states seem
especially detrimental to cumulative prots-and-losses. Psychological traits derived from
a standardized personality inventory survey instrument do not reveal any specic \trader
personality prole", raising the possibility that trading skills may not necessarily be innate,
and that dierent personality types may be able to perform trading functions equally well
after proper instruction and practice.
The focus of the present book is once again
on the U.S. segment of the global foreign
exchange market. Chapters 1-3 describe the
structure of the market and how it has
changed. Chapters 4-6 comment on the main
participant groups and the instruments that
are traded. Chapters 7-8 look at foreign
exchange trading from a micro, rather than
macro, point of view—how an individual
bank or other dealing firm sees things.
Chapters 9-11 comment on some of the
broader issues facing the international
monetary system and how governments,
central banks, and market participants
operate within that system. This is followed by
an epilogue, emphasizing that there are many
unanswered questions, and that we can expect
many further changes in the period ahead,
changes that we cannot now easily predict.
September 10th, 2011
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984
Fat Tails
This document I found it VERY interesting and has some ideas which could probably be used by any of you clever coders (IM Hoping someone like gomi will ) LOL
May 13th, 2011
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903
meyer99
A friend of mine summarized some thoughts from the Head FX trader of a very large Chinese pension fund (I mean large).
By his own admission he was not a good daytrader, so don't take his comments about daytrading too seriously. On the other hand he was very good in the weekly and monthly time frames. There are several good nuggets, enjoy.
May 13th, 2011
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901
meyer99
Psychology in Today's Market
This video interview with Mark Douglas
is the best on the net that sum up all the trading psychology!
Want to get boosted and talk about fear of trading or the outcome of a trade......must watch it now!
I've never watched a better Trader interview and still watch it over and over.
August 22nd, 2010
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614
Fat Tails
"Playing the opening range breakout" by Toby Crabel. This is a collection of Stocks & Commodities articles. It's a good summary if you don't want to read his entire book.
August 9th, 2010
Size: 1.51 MB
Downloaded: 877 times
596
Slipknot511
Congestion Counts help measure how many consecutive bars overlap each other. High counts can be a clue that the market is very range bound and building energy. There are two types of congestion counts to consider, the group method seemingly more useful. This was originally downloaded from here, which is sometimes a very slow link.
August 3rd, 2010
Size: 1.69 MB
Downloaded: 525 times
583
shodson
I think one of the most important things to do is keep track of your money.
Here is a set of spreadsheets I built that you can download. There are different tabs for each of the instruments you might trade and an overall section that combines each tab. All you have to do is enter the information into the white squares, and the program does all of the math and graphs.
I also have graphs that display your progress.
Finally I included a sheet that you can print and keep a daily log (record) of your efforts while you are trading (spreadsheets and trading don't mix well in real time).
Someone was trying to sell a course that scalps for 3 ticks on the ES with a 5 tick stop loss. Then someone asked "what's your win rate?" and he said "about 80%." So how much money do you think you could make if that win rate is achievable? Does that include commissions and taxes?
Use this spreadsheet to find out the answer to this and the profitability of other profit target/stop loss/win rate scenarios. Of course this does not include draw down or any Monte Carlo scenarios but this is useful for quick math situations.
January 11th, 2010
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282
wgreenie
I finished reading the Little Book within hours. Very practical and useful for me. I registered for the free formula website and have a list of tentative stocks to work on (my next project once I get settled with my Futures daytrading).
December 19th, 2009
Size: 12.63 MB
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225
cory
This book is actually a compilation of 15 articles Norman Hallett of Subconscious Training Corp wrote for TradersWorld Magazine. Free download as follows:
December 9th, 2009
Size: 895.69 KB
Downloaded: 641 times
219
shodson
I just wanted to share this document that I have found on the internet , about EFT ( Emotional Freedom Therapy ) focus is mainly on attacting money and building those money muscles !!
Enjoy !
December 8th, 2009
Size: 714.05 KB
Downloaded: 336 times
218
soumi71
Attached is a spreadsheet to use for planning how much you can withdraw from your trading account on a monthly basis based on your daily profit goal and number of days trading each month.
It includes a very rough tax calculator... (very rough).
For a business planning cash flow, you would need to add in your trading costs (data feed, charting package, fund for equipment replacement, etc.) as deductions against yield. You could also add in interest on unused funds if your broker does that.
You can create various scenarios for yourself based on "expected" results, "worst case", "best case".
Hopefully it will help you create realistic expectations of what you can expect to withdraw and still keep your account balance at an appropriate level.
July 21st, 2009
Size: 1.18 MB
Downloaded: 1150 times
97
Gary
This video is about learning to trade the market for what it is. Indicators are not going to teach you this. The market is ever changing and indicators can only get you so far along in your journey.
At some point you need to just simply learn how to trade. Spend your time and energy wisely.
Instructions:
1) Unrar. Download winrar if needed.
2) Watch. Download a mp4 player ( vlc) if needed.
This video talks about trading the ZN on Thr July 9th 2009. It goes over several setups and reviews them bar by bar, starting with the large time frame, then looking at the smaller time frames for entries.
It also talks about some money management and trading rules I employ.
Instructions:
1) Unrar. Download winrar if needed.
2) Watch. Download a mp4 player ( vlc) if needed.
This video emphasizes the crucial importance of observing a larger time frame chart, even when scalping.
It shows an 11 range chart on the ZN 09-09 and even though we are only trading a 4 range chart, this clearly demonstrates why a bigger picture chart is a requirement.
This is a must watch video if you are not making money.
Mike
Instructions:
1) Unrar. Download winrar if needed.
2) Watch. Download a mp4 player ( vlc) if needed.
The version of the spreadsheet I have attached allows you to enter "Entry reasons" and "Exit reasons" as a pre-defined list that will be available via a drop-down menu when you are entering trades.
In this video blog I recap Friday's price action and talk about why, for me, it is so important to have multiple time frames/charts up. Friday was an extremely choppy day, yet we either made money or at least didn't lose any.
Mike
Instructions:
1) Unrar. Download winrar if needed.
2) Watch. Download a mp4 player ( vlc) if needed.
This archive contains a PowerPoint presentation showing 10 lessons on trading Murrey Math, and it includes an overview of "how to trade Murrey Math Lines (MML)" by a fellow trader.
April 26th, 2017 02:45 PM Maikell Super usefull, as always, Thanks!!
August 2nd, 2015 01:41 AM dmeachy Thank you. Thorough and comprehensive. I will be using it!
June 13th, 2011 01:03 AM kcmotrader Thanks Heaps !! I'm glad I discovered this. I am now going to compare this to the * draft * trading plan that I just f
inished, and try to improve and enhance it. Thanks again !
July 2nd, 2010 05:49 AM kaltrax Very useful, Thanks
April 4th, 2012 12:18 PM keymoo Great video Mike, I only have MAs, vol and some S/R levels on my charts (Yesterday's HLC, etc). I've been down the indic
ator route for a LONG time (too long), and they DO NOT WORK!
November 20th, 2010 08:57 AM anniebee321 can't believe she is trading with lagging moving averages and stochastics
she probably knows alot about price action but this is likely to mislead most noobies into thinking that trading off ind
icators is sufficient for long term profits
March 6th, 2010 08:01 PM shodson Anybody tried this? I've been watching the fx futures, the 15pip 00s method seems really powerful and frequently succes
June 26th, 2010 11:16 AM Mopaditi Thanks for the ideas
May 30th, 2010 02:33 PM syxforex Thanks ZTR. I really hope you can recover from this brutally tough therapy you've been through and get back to living y
August 2nd, 2011 04:29 PM hohnsolo This book looks interesting and very relevant. The author is new to me and I look forward to exploring more. Thanks f
January 10th, 2012 06:06 PM asynchronous An accurate description of myself 4 months ago. My solution however was to automate as much as possible and reduce pure
discretion - I still have screaming fits when I loose - oh well!
June 22nd, 2011 01:22 AM anituchka great advice, thanks!
December 11th, 2016 07:52 PM xtrader Very interesting... overwhelming majority of traders fail. So, whatever the personality type that is dominate in trading
(and it is there) should be understood. Found mine and went to trading sites that discuss this and found mine to be in
the small population. Good news.
May 5th, 2015 07:33 AM wwwingman Thank you for a great article.
October 4th, 2016 05:54 PM Target Thanks for sharing.
November 8th, 2013 11:31 PM Amsterdam Whale Recommended by MATT: M-others A-gainst T-hinking T-raders
July 2nd, 2013 10:49 PM djoyce854
March 16th, 2011 02:14 PM Lee75 Trading in the Zone is such an important book and to me is really the Traders Bible. I read as often as I can to keep my
Psychology for trading on the right level and remind me of the reasons why I trade. I thoroughly recommend that all tra
ders should read this book
March 16th, 2011 02:47 AM zacharydw00 I recommend reading Trading in the Zone.
November 8th, 2013 11:28 PM Amsterdam Whale This is quite good and I think, after my first run-through anyway, it will benefit thoughtful market participants of all
kinds. That said, it is not at all dense, makes an easy reference b/c is well and logically laid out and most important
ly, has the potential to make you sound really, really smart at parties. What you do with such power is entirely up to y
ou - you playah you.
October 8th, 2013 03:59 AM tinus Cheers!
October 28th, 2011 07:06 AM Fat Tails Recommended Reading
January 22nd, 2012 12:16 AM dsanchez I am new to trading and listening to this is like being an intern doing a round with a Doctor well rehearsed in patient
May 21st, 2014 08:12 AM texastodd Thanks ever so much Harry! This seems to be the bedrock of your presentation many moons ago. I'm trying to catch up an
d appreciate all the contributions you and everyone here pours so generously into this amazing resource called BMTF.