Working as a trader is no longer the sexiest job. Some argue that data scientist is and I would answer that being trader is not too far from being a data scientist. Both deal with tremendous amount of information.
But still. Many people dream about being a trader. Traders deal with lots of money and challenge markets everyday. Traders are also great investors. And we should definitely get inspiration from their techniques and strategies.
Technical analysis is a formidable tool to anticipate moves on the stock market. My father, who was a professional trader and taught analysis at the French Society of Financial Analysts, always told me that fundamental analysis is not sufficient. Stocks with great fundamentals can keep a steady price for a long time. The market is not rational. And technical analysis helps to anticipate how agents behave.
For these weekend reads, I selected good resources about trading techniques. These will give you inspiration to challenge and improve your investment strategy.
Learn from Traders’ Techniques and Strategies
1. Three Things You Can Learn From Traders by James Brumley
(1) You only make money if your stocks go up. Great company fundamentals do not always benefit investors.
(2) Technical analysis must be part of your decision process. It helps weigh the odds of a stock making particular moves.
(3) Put emotions and logic away of your trading strategy. You do not need to sound logic. You just need to know when a stock will rise or fall.
2. Explore Different Stock Trading Strategies by Elliott Wave
Find your next trading strategy from gap trading to news trading to shorting to penny stock trading. “By using a particular strategy which includes research tools at your disposal such as technical analysis or fundamental analysis, you can increase your probability of success.”
3. How to Speculate like a Successful Trader by Guerric de Ternay
“You want to learn how to speculate? Livermore is the guy you must listen to. Jesse Livermore was a gifted speculator. Although he went bankrupt several times, he always succeeded to rebuilt million-dollar fortunes. In How to Trade in Stocks, Livermore teaches us everything he learned from his personal experience.”
4. Top 7 Technical Analysis Tools by Investopedia
“Those indicators (such as volume) confirm price movement, and the probability that the move will continue. They can also be used as a basis for trading, as they can form buy-and-sell signals.” Learn more about: on-balance volume, accumulation/distribution line, or stochastic oscillator.
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Cet article What Investors Should Learn from Successful Traders – Weekend Reads est apparu en premier sur BoostCompanies.