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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: jaytee who wrote (12025)	12/7/1999 12:11:00 PM
From: David Lind	Read Replies (1) \| Respond to of 14162

Jaytee, i f you like charts and you enjoy position trading, then I highly recommend "Trading for a Living" by Elder. To me, the best book on position trading ever written. It is available at the usual outlets, including Amazon. His approach is extremely thoughtful and well laid out, and I think would be invaluable to anyone looking at medium-term approaches to any type of trading. Basically he presents what he calls a "Triple Screen" trading system. In short, this simply involves (1) Using weekly charts to determine overall trend (you want it up, of course), (2) Daily chart to watch for a temporary pullback from the weekly trend, which is a good entry point, then (3) Intraday charts for the specific entry point. If you can't watch intraday charts for entry, don't worry about it. The first two steps are the most critical, and the easiest to handle in your spare time. He will also tell you how to use basic indicators with this system. Although, it really is more of a philosophy as opposed to a locked-in system. Elder makes a lot of sense, and he certainly changed my approach to investing in every timeframe. I'm sure you'll enjoy what he has to say. - David