BOOKS TO READ
1) The How to Make Money in Stocks Complete Investing System: Your Ultimate Guide to Winning in Good Times and Bad by William O’Neil (Aug 10, 2010)
2)Pit Bull: Lessons from Wall Street’s Champion Day Trader by Martin Schwartz (Mar 24, 1999)
3)The New Market Wizards: Conversations with America’s Top Traders (Wiley Trading) by Jack D. Schwager (Sep 15, 2008)
4)Market Wizards, Updated: Interviews With Top Traders by Jack D. Schwager (Feb 7, 2012)
5)Hedge Fund Market Wizards: How Winning Traders Win by Jack D. Schwager and Ed Seykota (May 29, 2012)
WEBSITES
http://www.cboe.com/LearnCenter/Default.aspx
http://online.barrons.com/mdc/public/page/9_3063-economicCalendar.html?mod=BOL_Nav_MAR_other
http://www.earnings.com/highlight.asp?client=cb
http://stockcharts.com/h-sc/ui?s=$NYMO
http://www.cnbc.com/id/17689937
http://finviz.com/insidertrading.ashx
http://bigcharts.marketwatch.com/
http://www.nasdaq.com/aspx/52-week-high-low.aspx
https://twitter.com/Fitzstock2004
http://stocktwits.com/FITZSTOCK2004
Trader Lingo
RUNNER- trader term referring to booking profits on a short term position, while leaving a small portion of that position to run
KISS- acronym based on principle “keep it simple, stupid”
Used in trading to avoid all the noise and and keep it simple
JANUARY EFFECT-a calendar related market anomaly in the stock market where prices increase in the month of January
BTFD- abbreviates “buy the fucking dip” , which originated when the Federal Reserve and the U.S Government bailed the market out in 2008 and started the infinite money printing.
http://www.youtube.com/watch?v=jllJ-HeErjU
QE 1 , QE2 and QE infinity quantitative easing is monetary policy used by central banks to stimulate national economy
http://www.youtube.com/watch?v=PTUY16CkS-k
HOD/LOD- is a trading term referring to the “high of day”(or “low of day”) in a specific stock. These are usually entries points or stop levels to trade against.
Cup and Handle- a bullish chart pattern usually leading to higher prices in the underlying security.
http://www.investopedia.com/terms/c/cupandhandle.asp#axzz2HUNwOWXf
Bull Flag/Bear Flag- a technical chart pattern that gives a high probability of where the underlying security might trade next
http://en.wikipedia.org/wiki/File:Bull-flag.jpg
Verse(vs)-is a term used in trading to indicate where you put your stop in. Structured trading plans with defined risk management will use stops(orders placed below market price to define your risk). When scalping short term trades, you will trade your runner verse(vs) your entry or slightly below to reduce risk
Open Interest(OI)-The total number of options at a specific exercise price that are not closed or delivered on a particular day
Back n Fill- bullish consolidation in the market, to gather energy before going higher
http://fitzstock.com/back-n-fill/
Relative Strength/Weakness- when a stock shows strength or weakness compared to the S&P 500, or the sector it trades in. The strength/weakness can show up intra-day or over weeks/months.
http://fitzstock.com/googrelative-strength/
http://fitzstock.com/aaplrelative-weakness/
http://fitzstock.com/xlfrelative-strength/
many more terms coming very soon

