Is Systems Trading For You?

There are really two
types of trading: discretionary trading and systems trading.
In
discretionary trading, you are making the buy/sell decisions yourself. With
systems trading, you are simply following pre-set trading rules. (Hopefully you
have a system that has been adequately back-tested and shows a decent equity
curve). Systems trading takes the emotion and guesswork out of trading.
Here are
some articles on systems trading
for you to read this weekend. Plus,
here are some systems ideas:

If You Trade Options…

Try the

TradingMarkets Professional Options Trading College.

If You Day Trade…

…the


Alvarez Factor
could
potentially really improve your trading!

If You Swing Trade…

Attend the


TradingMarkets Swing Trading College!

See

Steve Primo’s article
for a recent trade example.

Big 4th of July Sale at
TradersGalleria!

Don’t forget, TradersGalleria.com
has a sale going on right now. Check
it out.

The New, Improved
TradersWire

If you haven’t been in TradersWire for a while,
swing by next week–you’ll be pleasantly surprised. We’ve made a lot of changes,
including precise buy and sell alerts on stocks and E-minis and Mini-sized Dow
contracts, expanded education and trading tips. And as always, there are some
good traders in the chat room. I’m not ashamed to say that I’ve learned a lot
from some of these traders through the years, and I’m willing to bet you could
learn something, too. So come on by, we’ll
see you in
TradersWire
on Monday!

Big Cap
Earnings Announcements for the Week of July 4th








Company

Symbol

Date
A. Schulman SHLM Wednesday, July
6
Ruby Tuesday RI Wednesday, July 6
Schnitzer Steel SCHN Wednesday, July 6
Accenture ACN Thursday, July 7
Frequency
Electronics
FEI Thursday, July 7
Pepsi Bottling
Group
PBG Thursday, July 7

Scheduled Stock Splits for the Week of
July 4th


Company

Symbol

Ratio

Payable

Ex-Date
Innovative Solutions ISSC 3-2 July 7 July 8
MargoCarible MRGO 5-4 July 8 July 9
State Bancorp STB 6-5 July 8 July 11
Toll Brothers TOL 2-1 July 8 July 11

Need more splits information? Click
here.

Upcoming Economic Events for the Week of
July
4th

Date ET Release For Consensus Prior

July 5 10:00
am
Factory Orders May 2.8% 0.9%
July 6 10:00
am
ISM Services June 57.8 58.5
July 7 8:30
am
Initial Jobless Claims 07/02 NA 310K
July 8 8:30
am
Nonfarm Payrolls June 180K 78K
July 8 8:30
am
Unemployment Rate June 5.1% 5.1%
July 8 8:30
am
Hourly Earnings June 0.2% 0.2%
July 8 8:30
am
Average Workweek June 33.8 33.8
July 8 10:00 am Wholesale Inventories May 0.5% 0.8%
July 8 1:00 pm Consumer Credit May $4.2B $1.3B