MUTUAL FUND SEARCH Prosearch for the best Mutual Funds search.wallstreetcity.com I've been asked about how to chose mutual funds. Although I don't buy mutual funds, I can choose my own stocks for investment I recognize the need for a SEARCH that constantly and consistently locates the BEST mutual funds. Books on the best classic theories on trading systems is still and always.. Trading for a Living by Dr. Alexander Elder. The price of the book is covered by just the gap strategies on pages 95 to 101. He covers everything and is the grandfather of the "gap strategy"..
other good chapters are Chapter 9, the Triple Screen Trading System and Chapter 4, Computerized Technical Analysis. Many have had variations on the age old themes, but Dr. Elder is the originator and leader.
Gap strategies have been tweaked since then, especially with the advent of the "Earnings Play" and earnings report, and they are covered by the excellent book "The Market Maker's Edge: Daytrading Tactics from a Wall Street Insider". My own gap strategies especially during earnings season (which is "only" 8 months of the year) are in the earnings trader articles and I'll be compiling them soon in a free, downloadable .pdf file. There are definitely specific times you could and should "BUY THE GAP" contrary to the age old theory "Wait the 30 minute of trading" Heck after 30 minutes you lose the chance to make the gains that could have been yours just buying the gap.
Questions about Fibonacci techniques, and candlestick intraday charting, I'll try to touch on in the next few days. We'll be posting a lot in the next weeks preparing for the July earnings season. Our best and easiest strategies, you don't need to master complicated formulas, voodo, cycles, or gann waves, just intuitive combinations of technical analysis and market internals. For those who like myself, love the swing trade, you do need some idea of how to correlate fundamentals with technicals, but you will learn that quickly enough on this thread. Many of our posters are already correlating the two. SCALP trading you won't learn on this thread. We use it also, but there are a few threads on SI that do it constantly and you don't need yet another thread for reading about scalping trades intraday. |
