Here are the articles, blog posts I have collected over the week for weekend reading. I thought the list might be valuable for traders’ development.

10 Reasons Traders Lose Money In The Market: With all the fancy charts, fundamental analysis, and experience with price action, you would think that the majority of traders would be profitable. The sad fact is that most are not successful. The majority of all traders contribute to the profits of the minority that are profitable. – by Steve Burns – Tags: traders development – http://www.seeitmarket.com/10-reasons-traders-lose-money-trading-market-13891/

7 Steps to Building Trading Edge: Hey Mike, I’ve been following you for over a year now and have both your books. You post great threads too. I believe the greatest challenge is creating that edge. Its rare to come across a mentor in this industry, especially if you don’t have your foot in a prop firm. – Tags: traders development – http://mikebellafiore.tumblr.com/post/108747498852/7-steps-to-building-trading-edge

Lesson 6: Luck versus Skill: In part 6 of my 7-part series on Lessons I’ve Learned, we will look at luck and skill. In order to be successful taking risk in the markets, you must understand the role of luck and skill. From that understanding, there will be several implications for your actions and how you invest and trade. – by bruce.bower – Tags: traders development – http://www.smbtraining.com/blog/lesson-6-luck-versus-skill

Really Simple Rules to kick start your trading year: Not another blog post of some glorious trading rules. But, here are couple of things that I have learnt (some of them, in the hard way) from the past. So , this blog post is really meant for myself as constant reminder, and maybe, help some of my 13 readers. I shall admit that, I had this problem. – by Gav – Tags: traders development – https://tradergav.com/really-simple-rules-to-kick-start-your-trading-year/

Best Practices in Trading: Using Biofeedback to Manage Trading Stress: Daniel also mentions that considerable research supports the use of heart rate variability feedback in controlling stress and enhancing well-being. Because the monitor gives us real time feedback about whether we are in or out of our performance zone, it serves as a tool for mindfulness. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/01/best-practices-in-trading-using_24.html

WHY I TRADE BREAKOUTS: In this 20 minute video we discuss trading the breakout on both the WEEKLY and DAILY charts. By the end of this presentation you should begin to understand why this trading edge is so powerful and why you should consider learning how to spot the opportunities inherent in breakouts. – Tags: traders development – https://vimeo.com/thecrosshairstrader/review/81939705/e83b89cb16

Best Practices in Trading: Accepting Uncertainty: Success in trading requires the ability to act decisively in the midst of uncertainty. Even when a trader possesses a durable edge in markets, the random variation around that edge makes for a meaningful proportion of losing trades. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/01/best-practices-in-trading-accepting.html

Wait For Your Pitch!: One of the things that I’ve learned over the years in this business is to be patient. Some of the most productive days while managing a portfolio can actually be days where you don’t do a thing. Sitting there not doing anything can sometimes be the hardest thing for a human to do. – by JC Parets – Tags: traders development – http://allstarcharts.com/wait-pitch/

Agnosticism (in terms of the securities market): The above definition is the context in which I will use the word ‘Agnosticism’ in this post. I am by no means, whatsoever, referring to the philosophical, metaphysical or theological implications in which this word is often used. No one knows where a stock, commodity, etc. – by BenCBanks – Tags: traders development – http://bcbanks.dormroomcapital.com/agnosticism-in-terms-of-the-securities-market/

The Firstadopter Column — How is what Saxo Bank is doing to its clients…: “one of the biggest players in retail foreign exchange trading, will potentially set different rates for transactions conducted after the Swiss National Bank’s shock removal of its 3-1/2 year old cap on the franc.. – Tags: traders development – http://firstadopter.tumblr.com/post/108694930189/how-is-what-saxo-bank-is-doing-to-its-clients

75% Of InteractiveBrokers Franc Losses from FX Futures, not Spot FX: InteractiveBrokers (IB) made headlines last Friday when they announced that customer negative balances related to the Swiss franc move on ‘Black Thursday’ amounted to $120 million. – by Ron Finberg – Tags: traders development – http://forexmagnates.com/75-interactivebrokers-franc-losses-fx-futures-spot-fx/

Ray Dalio On Europe, QE and How It Compares To America: Ray Dalio had some profound things to say at the 2015 World Economic Forum. Specifically about Europe, the U.S. and how structural reform is the key difference. One quote stands out: “There’s twice the rate of entrepreneurship in the U.S. than anywhere else. – Tags: traders development – http://www.exploringmarkets.com/2015/01/ray-dalio-on-europe-qe-and-how-it.html

Why You Should Have More Than One Trading Account: In a world where you can trade anywhere with just a click of the mouse there is simply no room for excuses when it comes to choosing a number of trading and investment accounts tailored to your individual trading needs. – by Mercedes Van Essen – Tags: traders development – http://uk.advfn.com/newspaper/mercedesvanessen/31665/why-you-should-have-more-than-one-trading-account

Historical Open Orders: Each graph uses a color palette to depict percentage* of orders** placed at different price levels around the market price (the black line). There are four graphs for each selected currency pair and time period: – Tags: traders development – http://fxtrade.oanda.com/analysis/historical-open-orders

Enjoy, and have a good weekend.

Keep Learning, Keep Trading.

Gav

Here are the articles in my weekend reading list.

 

Reaching Your Goals in the New Year: Wishing readers a happy, healthy, and successful New Year! TraderFeed will start the new year with a series of posts on best practices, including those submitted by readers. Perhaps one or more of those best practices will help shape goals for you in 2015. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2014/12/reaching-your-goals-in-new-year.html

Uncertainty is not the same thing as risk: Often, the most important work we do doesn’t bring a guaranteed, specific result. Usually, the result of any given action on our part is unknown. Uncertainty implies a range of possible outcomes. – by Seth Godin – Tags: traders development – http://sethgodin.typepad.com/seths_blog/2015/01/uncertainty-risk.html

Best Practices in Trading: Conducting Trading Reviews: Deliberate practice is a process in which we continually evaluate performance and use those evaluations to make targeted efforts at improvement. Research from Anders Ericsson and others suggests that deliberate practice is essential in developing performance expertise. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/01/best-practices-in-trading-conducting.html

The Trader’s Journey: The Hero’s Journey: This post was originally published on See It Market as part of the Market Masters series. The original post can be found here.] I am a quantitative-discretionary trader. – by Adam – Tags: traders development – http://adamhgrimes.com/blog/traders-journey-heros-journey/

How to Be an Expert in a Changing World: If the world were static, we could have monotonically increasing confidence in our beliefs. The more (and more varied) experience a belief survived, the less likely it would be false. Most people implicitly believe something like this about their opinions. – Tags: traders development – http://paulgraham.com/ecw.html

Creativity is the New Discipline: One of the central themes of my new book is the importance of creativity in generating trading ideas with an edge. What I call Trading Psychology 2.0 emphasizes flexible adaptation to changing markets, not rigid adherence to static trading methods. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2014/12/creativity-is-new-discipline.html

Fighting for Tomorrow and Living in it Today: A shoutout to Adam Grimes for a thought-provoking post on the development of the trader as an example of the hero’s journey. Adam’s point is that, as we move from lesser to greater competence and expertise, we are inevitably tested. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2014/12/fighting-for-tomorrow-and-living-in-it.html

5 ways to improve your trading today: Markets are complicated. Market analysis is complicated. Developing a trading system certainly can be complicated. But trading cannot be complicated. The act of placing trades and evaluating results must be as streamlined and simplified as possible. – by Adam – Tags: traders development – http://adamhgrimes.com/blog/5-ways-improve-trading-today/

The Line You Cannot Cross as a Trader: http://www.smbtraining.com is a Proprietary Trading firm located in NYC that specializes in trading equities. Our training programs were designed to help you develop the trading skills to become a consistently profitable trader. Written, video and classroom lectures are offered through SMB U, our ed – Tags: traders development – http://www.youtube.com/watch

Five Things You Can Do Today to Improve Your Trading: As we all know, the road to trading success is a long road, and the path is not at all straight. To achieve some degree of competence can take years, and I think it really probably takes a decade to achieve some degree of mastery. – by Adam Grimes – Tags: traders development – http://adamhgrimes.com/blog/five-things-you-can-do-today-to-improve-your-trading/

Enjoy, and have a good weekend.

Keep Learning, Keep Trading.

Gav