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Book Reviews

Alan S. Farley – The Master Swing Trader – Review

The book begins with trading cycles, time, volume, markets in general. Alan Farley writes about cross-market analysis, how markets react, correlate and how to use it in your own trading. The author covers most of the classical charting and technical analysis topics and indicators, like candlesticks, support-resistance, moving averages, Bollinger bands, convergence-divergence, dow theory, the […]

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Book Reviews

Jack D. Schwager – Market Wizards – Review

The Market Wizards series from Jack D. Schwager is classics. Out of 100 episodes of trading podcasts I’ve listened to, in half of them these books have been mentioned. Just because of its popularity I guess you need to read them if you want to be serious about trading. His first book was released in […]

Categories
Charts

Amateurs want to be right, pros want to make money

Just take the loss while it’s small. You will preserve your financial capital as well as your emotional capital. Yes, there is emotional capital that we give away while we’re stressed with a trade. What I’ve come to realize is that all professional traders take losses, even the most successful ones. What separates them from […]

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Book Reviews

John F. Carter – Mastering the Trade – Review

A trader from Latvia recommended this book to me. John F. Carter is a trader, author and educator from the US. I will write a bit about the book and what I think of it. John Carter first starts the book with his own life experience, how he wanted to become a trader and paid […]

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Blog

Treat trading like a business

I’ve been organizing the monthly meetups with local SpikeTrade members since October. There’s nine of us from Estonia and one Latvian guy participating the meetups. It’s great to talk to other traders as you’ll get to see how others are approaching the markets; share ideas and tools. Yesterday I was doing presentation about my first […]