TradingMarkets Making Great Traders: The Best of This Week’s Trading Lessons
Dear Trader:
TradingMarkets’ mission is “Making Great Traders.” Each week we publish trading strategies and research from many of the best professional traders and educators in the world.
Here are the best of the articles we published this week. We hope you enjoy them and prosper from them!
This Week’s Top Lessons
Big Saturday Interview: Andrew Lo of MIT’s Laboratory for
Financial Engineering
Andrew Lo is the director of the Laboratory for Financial Engineering at
Massachusetts Institute of Technology. This weekend, he provides TradingMarkets
with his insights on trading and technical analysis. Perhaps most fascinating is
Andrew Lo’s discussion of what he calls the Adaptive Market Hypothesis (AMH). Lo
calls his AMH "a new view of financial markets from a biological
perspective…within an evolutionary framework," and shows how this way of
thinking about market behavior may help to "reconcile many of the apparent
contradictions between efficient markets and behavioral expectations."
This is the Mindset of a Successful Trader
Your psychology and beliefs will be a major determining factor in your trading
results. Learn empowering beliefs Bennett McDowell that can your take trading to
the next level.
4 Skills Every Trader Should Master
Here are the basic skills that every trader should master in order to realize
his full potential.
What Traders Should Be Aware of in the 2010 Federal Budget
Historically speaking, many analysis believe that the stock market is a leading
indicator of the U.S. economy by 3 to 6 months. Here is an overview of President
Obama’s new budget through which you can begin to formulate your own
conclusions:
Using Direction to Fine Tune Your Indicators
Do you have your RSI and Stochastics thresholds set at 70/30 or 80/20? Do you
have your Keltner ATR Bands set at equal distances on either side of the moving
average in the center? If so you can easily improve the accuracy of your
indicators by adjusting them to reflect the direction of the market. Find out
how from market veteran Chuck LeBeau.
Popular Past Articles
CANSLIM’s Market Wizard: A Conversation with David Ryan
Spend your Saturday reading our profile of CANSLIM trader and Market Wizard
David Ryan in this week’s edition of the Big Saturday Interview. Find out how he
had applied William O’Neil’s CANSLIM to achieve double-digit returns, even in
the midst of severe down markets.
Don Miller on Trading and Improvisation
Learn how Don Miller, short term trader, approaches an issue that is central to
most traders: the balance between improvisation and "following the rules."
Good luck and successful trading!
Eddie Kwong
Executive Vice President
TradingMarkets