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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: bazan who wrote (34449)	1/10/2003 8:59:05 PM
From: NW_Trader	Read Replies (1) \| Respond to of 59879

Hi bazan, Great to hear from you -- been a long time, and 'till I saw you post recently on the QT thread, was concerned that you had quit the game. I won't ever quit, but lately I've found it hard find time to surf SI or IHub. And I do take off occasionally -- a good chunk of Nov was lost to a trip to CA to sell my aunt's house and move her things up here to her new abode. Then at end of last year I found myself in the position of needing to limit further gains (a tax planning thing) and having to deal with some health issues (still pending) so just set up some longer term swings and quit trading for December - I'm still holding FRX and GOLD (I keep hoping this will be my first 2 bagger of the year). Books -- a subject near and dear to my heart. Pruitt/Hill's Ultimate Trading Guide is a good read for someone of your experience. Also consider C. Brown's TA for the Trading Professional and R. Bensignor's New Thinking in TA (a nice summary of some major areas of TA). Other good reads/references (in no particular order): both of T. Bulkowski's books Encyclopedia of Chart Patterns and Trading Classic Chart Pattern, M. Harris' books Short-Term Trading with Price Patterns and Stock Trading Techniques Based on Price Patterns, B. Rudd's 2 volumes Stock Patterns For Day Trading and A. Elder's latest Come Into My trading Room. Gazing up and down my book shelves, I see many other recommendations, like J. Sweeney's Campaign Trading and D. Cassidy's Trading on Volume. Trading books come in a lot of shapes, sizes and colors ranging from technical indicators and patterns, to techniques for successful trades or building trading systems, to the psychology of trading and the mental discipline needed to survive. IMHO, like good computers, dependable brokerages and clean reliable data, good books on trading (covering all it's aspects) are essential tools for a trader. But like any tool, if unused they are just an expensive way to displace air. Watch Trader's Library for some of their sales -- many of these are on half price sales from time to time see traderslibrary.com for the current sale. Peace and Justice --- Patrick EDIT: I use AmiBroker for my charting studies program -- very powerful and inexpensive. Should you (or anyone else) want to really get into some esoteric indicators, John Ehlers' book Rocket Science for Traders is a good resource. I don't recommend this for a light read; as it includes explanations of Hilbert Transforms for trading, developing adaptive indicators, predictive filters, and more. With a program like AB, it's a great for developing trading systems or properly back testing a trading idea -- i.e., not just a "buy when ... sell when" testing but a complete approach that incorporates various types of stops, position sizing, money management rules, and risk allocation). I've found that this sort of system development has helped my trading, not because I use a trading system, but because it has made me think of planning trades which incorporate these concepts. Anyway, enough babbling -- probably much more than you wanted to know. -P-