Education

mike

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)

website-designing

 

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.investors.com/

http://www.bloomberg.com/

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

http://fitzstock.com/?p=336

 

KISS- acronym based on principle “keep it simple, stupid”

Used in trading to avoid all the noise and and keep it simple

http://fitzstock.com/?p=273

 

JANUARY EFFECT-a calendar related market anomaly  in the stock market where prices increase in the month of January

http://fitzstock.com/?p=189

 

 

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