Here are the articles in my weekend reading list

 

Better to be lucky than good?: What makes a career is coming in most days and making steady, consistent amounts in the markets and taking the bonuses when they come along.. – by Lee Gibbs – Tags: traders development – http://www.futexlive.com/blog_post.php?id=33

Consistency Is Not A Game of Perfect: We asked the SMB community which topics they wanted to learn more about it in the upcoming “Peak Performance Trading and Investing” video course. Out of a list of ten topics, by far the most popular was “How to Be More Consistent”. – Tags: traders development – http://www.smbtraining.com/blog/consistency-is-not-a-game-of-perfect

Three Steps In Overcoming Trading Fears: Many situations can be interpreted as threats. That leads to an anxiety response and an activation of the body’s fight-or-flight stress response. Once we perceive something as a threat, we can either run from it or we can face it. Facing a fear does not necessarily mean fighting or fleeing. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/05/three-steps-in-overcoming-trading-fears.html

Forget About Setting Goals. Focus on This Instead.: We all have things that we want to achieve in our lives — getting into the better shape, building a successful business, raising a wonderful family, writing a best-selling book, winning a championship, and so on. – by James Clear – Tags: traders development – http://jamesclear.com/goals-systems

The Trading Coach — Ask anything : how can I become more consistent as…: I have been actively trading for 5 years. I have followed the market for 25 years.. I have tried trading covered calls, medium and high beta stocks (ex – AAPL, SBUX ,CELG, TSLA. I have tried intraday trading options -no luck. – Tags: traders development – http://mikebellafiore.tumblr.com/post/119119226497/ask-anything-how-can-i-become-more-consistent-as

Your Trading And Investment Style And Why It Is Important: The recent post suggested that how we are wired–socially, emotionally, and cognitively–helps to determine our success in financial markets. – by Brett Steenbarger – Tags: traders development – http://www.forbes.com/sites/brettsteenbarger/2015/04/30/your-trading-and-investment-style-and-why-it-is-important/

When Coaching Is Not The Answer: Here are a few situations that I’ve encountered recently with traders: * A trader who showed talent but also tended to overtrade tried psychological exercises, journaling, reading books, and speaking with a coach. Upon review, the trader appeared to have a lifelong pattern of poor attention. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/05/when-coaching-is-not-answer.html

Enjoy, and have a good weekend.

Keep Learning, Keep Trading.

Gav

Here are the articles I have collected (yes, a long list of readings) I thought might be useful for personal/trader’s development.

 

Tenacity And The Investor: An Interview With Charles E. Kirk: Note: Charles E. Kirk has been involved in the investment world for over 20 years. He is best known as the author of The Kirk Report, an analytical service that also curates important writings in the finance media. – by Brett Steenbarger – Tags: traders development – http://www.forbes.com/sites/brettsteenbarger/2015/05/08/tenacity-and-the-investor-an-interview-with-charles-e-kirk/

The Decision Making Plan – An Alternative Process to Trade Entry: I think it was around 2 years into writing this website that we started getting into some deeper discussions about how and when you pull the trigger on trades. – Tags: traders development – http://www.nobrainertrades.com/2013/08/the-trade-decision.html

How Great Masters Think: Robin Sharma shares that to believe in yourself when no one believes in you is to start your rise to genius. – by Robin Sharma – Tags: traders development – http://www.robinsharma.com/blog/05/how-great-masters-think/

Soup for the Trading Soul: I’d initially planned to write my second blog on something completely different to the one I’m about to attempt to effectively portray for you. – by Lee Gibbs – Tags: traders development – http://futexlive.com/blog_post.php

How Sleep Deprivation Decays the Mind and Body: Getting too little sleep can have serious health consequences, including depression, weight gain, and heart disease. It is torture. I know. I remembered the hallway I had been wheeled down, and the doctor’s office where I told the psychiatrist he was the devil, but not this room. – by Seth Maxon – Tags: traders development – http://www.theatlantic.com/health/archive/2013/12/how-sleep-deprivation-decays-the-mind-and-body/282395/

You Can’t Win If You’re Not Playing The Right Game: Mark Minervini makes an interesting point: the market is like poker in that the most important element of success is knowing which game to sit in on. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/04/you-cant-win-if-youre-not-playing-right.html

How successful people work less—and get more done – Quartz: This post originally appeared at LinkedIn. Follow the author here. As co-founder of Hotwire.com and CEO of Zillow for the last seven years, 39-year-old Spencer Rascoff fits most people’s definition of success. As a father of three young children, Spencer is a busy guy at home and at work. – by Travis Bradberry – Tags: traders development – http://qz.com/386166/how-successful-people-work-less-and-get-more-done/

Commitment Is Required: A huge part of a successful relationship between a student and teacher is consistent commitment by both. Recently Seth Godin talked about the importance of commitment and which I agree with wholeheartedly… “We spend way too much time teaching people technique. – Tags: traders development – http://www.kirkreport.com/2015/04/26/commitment-is-required/

Why Traders Should Consider The Other Side Of The Trade: Think you’ve found the perfect trading setup? A textbook bull flag ready to take off? An exhausted gap just begging for an opportunistic short? Trading-focused social media and websites are packed with traders touting the seemingly perfect trading setup. – by BetterBeta Trading – Tags: traders development – http://www.betterbetatrading.com/why-traders-should-consider-the-other-side-of-the-trade/

Hidden in plain sight: trading multiple timeframe influences: Multiple timeframe analysis is almost a buzzword in technical analysis. I have been involved in markets actively for two decades, and have been an active participant in dialogue about markets for most of that time. – by AdamHGrimes – Tags: traders development – http://adamhgrimes.com/blog/hidden-in-plain-sight-trading-multiple-timeframe-influences/

6 Key Takeaways from the 2015 Berkshire Conference: Greetings from Omaha! Yesterday, I attended the Berkshire Hathaway Annual Meeting and finally got to see Buffett and Munger answer questions in person. For years I’ve followed the conference online, but it was definitely worth the seven-hour drive from Chicago to experience it live. – by Todd Wenning – Tags: traders development – http://www.cleareyesinvesting.com/2015/05/6-key-takeaways-from-2015-berkshire.html

Re-reading is inefficient. Here are 8 tips for studying smarter.: The way most students study makes no sense. That’s the conclusion of Washington University in St. – by Joseph Stromberg – Tags: traders development – http://www.vox.com/2014/6/24/5824192/study-smarter-learn-better-8-tips-from-memory-researchers

The Procrastination Doom Loop—and How to Break It: Delaying hard work is all about your mood. When I woke up this morning, I had one goal: Finish this article by 11 a.m. – by Derek Thompson – Tags: traders development – http://www.theatlantic.com/business/archive/2014/08/the-procrastination-loop-and-how-to-break-it/379142/

Defeating the Ego through Self Awareness: As a trader I had to learn how to see myself in such a way where I would not be limited by just one perspective of myself and my own self-image. I realized that I could see different perspectives and recognize different parts of me that made up MY SELF as a whole. – by admin – Tags: traders development – http://www.thetradingframework.com/defeating-the-ego-through-self-awareness/

12 Weekend Habits of Highly Successful People: I’ve read countless articles about what successful people do on their weekends. Do you want to know the secret? It’s the same thing that they do every other day. As Aristotle said, “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” – by Emma Rushton – Tags: traders development – http://www.lifehack.org/articles/productivity/12-weekend-habits-highly-successful-people.html

Should You Be Using a Futures Platform to Trade Currencies?: For most retail Forex traders, quality software options are scarce. At least on the retail side, there has been a severe gap that hasn’t appeared to close itself since the boom of FX trading back in the early 2000’s. – by Steve W. – Tags: traders development – http://www.nobrainertrades.com/2015/05/should-you-be-using-a-futures-platform-to-trade-currencies.html

The Trading Coach — I am doing so well.  I am scared I am about to…: Well we have all had these feelings as a trader/investor. I am doing so well…this cannot continue. And we are fearful about what is around the corner. In my last book, The PlayBook, I offered a guideline so you wouldn’t be scared after success and develop a scalable trading system. – Tags: traders development – http://mikebellafiore.tumblr.com/post/118878383797/i-am-doing-so-well-i-am-scared-i-am-about-to

A psychiatrist says this skill is the best indicator of a person’s ability to succeed: How you handle the hurdles is extremely telling. We all face obstacles in our lives and careers — and while theycan make us better and stronger, they can also put us over the edge. – by Jacquelyn Smith – Tags: traders development – http://www.businessinsider.com.au/psychiatrist-says-this-skill-is-the-best-indicator-of-success-2015-5

Going From Managing to Leading Your Trading Business: There are few topics more important than that of self-leadership: how we guide and manage our lives. This is particularly true when the business of life also includes a business as a trader or investor. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/05/going-from-managing-to-leading-your.html

Turning Your Defeats Into Your Development: One of the interesting commonalities among the Market Wizards interviewed by Jack Schwager is that many suffered blow ups early in their careers. Those implosions turned into important lessons that shaped their future success. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/05/turning-your-defeats-into-your.html

what is the 1 thing that is absolutely critical to a trader’s success: Trading is tough. But what if you could skip the fluff and focus on what really matters? Through the power of internet, I’ve asked 6 successful traders – Tags: traders development – http://www.smbtraining.com/blog/what-is-the-1-thing-that-is-absolutely-critical-to-a-trader-s-success

The Power of Apprenticeship in Trading: The recent post discussed how we can turn our defeats into development. Since writing that, I received an email from an accomplished prop trader who leads a group within the larger organization. That trader had just sustained the worst losing day of his career. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/05/the-power-of-apprenticeship-in-trading.html

Pinball, Poker, and Trading: Perspectives on Going on Tilt: I recall becoming an avid pinball machine junkie in college and watching players become frustrated to the point where their own tilt led them to throw their machines into tilt. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/04/pinball-poker-and-trading-perspectives.html

Enjoy, and have a good weekend.

Keep Learning, Keep Trading.

Gav

Here are the articles/blog posts in my weekend reading list

The One Secret to Becoming a Successful Trader: The one secret to becoming a successful trader is…….. ……a myth. Anyone who tells you otherwise is lying and is trying to fleece you out of your hard earned cash. There is no magic formula, no charting package, no algo that will guarantee you a profitable trading career year after year. – by Lee Gibbs – Tags: traders development – http://www.futexlive.com/blog_post.php

The Best Set-Up’s and Settings…Really?: Novice traders can usually be spotted a mile off by more experienced traders and professionals, as they are normally asking questions about the best set-up’s or best settings for indicators. Set-up’s and indicator settings alone have never made great traders and never will. Period. – by admin – Tags: traders development – http://www.thetradingframework.com/the-best-set-ups-and-settings-really/

The Complicated Life of Lazy Boys: The modern man has a major branding crisis. Most sum him up in one word: lazy. There are different ways to pronounce the word — dependent, wasteful, inept, ungrateful, complacent, unworthy, unimpressive, undisciplined — all with one root: the failure to do. – by Paul Maxwell – Tags: traders development – http://www.desiringgod.org/articles/the-complicated-life-of-lazy-boys

Best Practices in Trading: Developing Trading Rituals: A ritual is something we do that has special meaning and that we perform the same way at the same time. A family might have its Thanksgiving meal rituals; most religious services are anchored by rituals; we have rituals for such special events as births, weddings, and funerals. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/02/best-practices-in-trading-developing.html

Best Practices in Trading: Developing a Framework for Good Trading: Too many traders justify poor trading and overtrading by appealing to “intuition”. There’s no question that intuition and implicit learning are cornerstones of pattern recognition. – by Brett Steenbarger – Tags: traders development – http://www.traderfeed.blogspot.com.au/2015/02/best-practices-in-trading-developing_24.html

The Three R’s: Winning Practices of Successful Traders: For this post, I reflected on the traders I’ve worked with who have been particularly successful and some of their common practices. Here are three practices that seem to distinguish the best from the rest:1) Reviewing and Learning – The best performers keep score. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/03/the-three-rs-winning-practices-of.html

The Habit of Successful Trading: New Year’s Eve 2014, as the clock wound down to midnight, my inconsistent 2014 trading year came to an end. I was already plotting my comeback for a fairy-tale 2015. As the clock struck 12, my five habitual resolutions kicked in. One. No alcohol until Easter. – by Brannigan Barrett – Tags: traders development – http://futexlive.com/blog_post.php

Making the most of your Trading Mistakes: When you start asking yourself questions about how you can improve your trading, most traders will start to look for answers outside of themselves. – by admin – Tags: traders development – http://www.thetradingframework.com/making-the-most-of-your-trading-mistakes/

Can you win at anything if you practise hard enough?: If you had enough practice, advice and expert training, could you become a success at anything? How much is achievement based on natural ability and how much hard work? For instance, could an “unco-ordinated computer geek” become a table-tennis star in one year? – by Matt Pickles – Tags: traders development – http://www.bbc.com/news/business-31945687

What You Can’t Learn From Your Heroes : A Wealth of Common SenseA Wealth of Common Sense: Standing on the shoulders of giants by learning from the best in a given field is a great way to get a better grasp of your subject matter of choice. – by Ben – Tags: traders development – http://awealthofcommonsense.com/what-you-cant-learn-from-your-heroes/

Why You Can’t Afford to Be a Generalist: If you consider yourself a generalist, here’s the good news: doing great work in the future will require the skills of a generalist, especially if you work independently or on a small team. And more and more of us are working independently these days. – by Corbett Barr – Tags: traders development – http://fizzle.co/sparkline/generalist

The Trading Coach — 10 Ways to Become a More Consistent Trader: I was sitting across from an ambitious new trader in Troy, NY (yes you read that correctly Troy, NY) enjoying the Brown’s Pale Ale discussing ways to be more consistent as a trader. Now most of these conversations are started by traders who were never profitable. But not this one. – Tags: traders development – http://mikebellafiore.tumblr.com/post/114600918137/10-ways-to-become-a-more-consistent-trader

The Importance of Understanding WTF We’re Doing as Traders: I noticed that Bruce Bower, via SMB, has posted on the topic of what a winning trading methodology looks like and has released an e-book on the topic. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/04/the-importance-of-understanding-wtf.html

Does Your Trading Style Fit Your (Real) Personality?: In the final moments of the iconic movie Wall Street, Gordon Gekko confronts his former protégé Bud Fox after discovering the wannabe set him up to lose millions to a hedge fund rival in a corporate buyout. – by Brian Lund – Tags: traders development – http://www.thetickertape.com/perspectives-trading/2015/03/trading-style-personality-17573/

4 Core Beliefs That Define My Trading “Edge”: A while back I was honored to write a post for the “Market Masters” series on See It Market. But today marks my first official post as a contributor. And I’ll look to continue my theme of trading education today by sharing a few things that I believe in and what drives my trading process. – by David Blair – Tags: traders development – http://www.seeitmarket.com/4-cores-beliefs-that-define-my-trading-edge-14258/

the three step process for a trader or investor: **This is the third in a series of posts from Bruce Bower related to “Peak Performance” the topic of his new book that SMB U will be releasing April – Tags: traders development – http://www.smbtraining.com/blog/the-three-step-process-for-a-trader-or-investor

the basic truths of trading: **This is the second in a series of posts from Bruce Bower related to “Peak Performance” the topic of his new book that SMB U will be releasing April – Tags: traders development – http://www.smbtraining.com/blog/the-basic-truths-of-trading

The Ultimate Guide On How To Use Risk Reward Ratio Correctly: The risk reward ratio is a very controversial trading topic and while some traders claim that the risk reward ratio is totally useless, others believe it is the Holy Grail in trading. – Tags: traders development – http://www.tradeciety.com/how-to-use-risk-reward-ratio-guide/

Quantitative prop trader: ‘I wouldn’t try to raise the price of rice and starve China’: “So far you miss a speculator, the finance bad guy,” he wrote in the blog. – by Joris Luyendijk – Tags: traders development – http://www.theguardian.com/commentisfree/joris-luyendijk-banking-blog/2012/apr/02/quantatitive-prop-trader-voices-of-finance

Enjoy, and have a good weekend.

Keep Learning, Keep Trading.

Gav

Here are the articles in my weekend reading list

Trading Shouldn’t Be A Flip of the Coin: Each day I host the SMB AM Meeting. The purpose of the meeting is to make sure that our desk has a game plan to attack the best stocks and setups. Yesterday we – Tags: traders development – http://www.smbtraining.com/blog/trading-shouldnt-be-a-flip-of-the-coin

An Exercise to Evaluate Your Trading: Here’s a worthwhile exercise I recently discussed with a trader. Select a measure of market trending, such as a X-period Sharpe ratio for the market. Divide the last couple of years into bullish trending, non-trending, and bearish trending periods. Select a measure of market volatility, such as VIX. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/01/an-exercise-to-evaluate-your-trading.html

Sample Futures Trade Plan: Learning to trade is about observation, study and practise. You should be able to incrementally build upon your skill and develop as a trader. – by TradeRunner – Tags: traders development – http://www.traderunner.pro/sample-futures-trade-plan/

Why You Can’t Afford to Be a Generalist: If you consider yourself a generalist, here’s the good news: doing great work in the future will require the skills of a generalist, especially if you work independently or on a small team. And more and more of us are working independently these days. – by Corbett Barr – Tags: traders development – http://fizzle.co/sparkline/generalist

The Trading Coach — Unconventional Training for the Unconventional…: As traders it is a best practice to learn from the Greats- particularly how they train to improve.  Tom Brady unarguably one of the great QB’s to every play football offers us a best practice to incorporate into our training. – Tags: traders development – http://mikebellafiore.tumblr.com/post/109338986952/unconventional-training-for-the-unconventional

Is Social Intelligence Related to Trading Skill?: Interesting research from Daniel Goleman and others suggests that emotional intelligence and social intelligence are important to business leadership. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/01/is-social-intelligence-related-to.html

Best Practices in Trading: Finding and Focusing on Your Trading Edge: Two kinds of traders fail to find success: those who cannot change and adapt and those who cannot focus and exploit their edges in markets. Very often traders become frustrated with losses and abandon what they are doing, seeking ever better ideas and methods. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/01/best-practices-in-trading-finding-and.html

THE THINKING TRADER: According to a recent research study the popularity of a stock may benefit from the momentum effect whereby “stocks that have recently risen in price continue to perform well in the short term (usually a matter of months). – by David – Tags: traders development – http://www.thecrosshairstrader.com/2015/01/the-thinking-trader-72/

Enjoy, and have a good weekend.

Keep Learning, Keep Trading.

Gav

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