Excerpt from a letter by Brett Steenbarger to his readers. Brett is planning to write a free e-book using material that he’ll be posting on his blog Traderfeed and his my trading coach site. Should be interesting to keep an eye on his sites.
An Introduction to Trading
Excerpt: "A little over 30 years ago, I placed my first trade in the financial markets. With only a little over $2500 in my account–my fellowship stipend as a graduate student in psychology covered my basic living expenses–I traded 100 shares of stock in an effort to learn the ropes. Back then, I taught myself to read financial statements and to select companies with good earnings. (Value Line was a favorite resource). I taught myself some rudimentary technical analysis and began following the work of Joseph Granville in an effort to learn market timing. Many of my basic ideas about trading can be traced back to those early days of learning the ropes…
So I’ll be starting a new series of posts on this blog and aggregating them on my trading coach site. The posts will be on the simple topic of "An Introduction to Trading". My goal will be to explain, as best I can, my approach to markets and my understanding of them. Over time, these posts will accumulate and become a free electronic book that explains trading for new and developing traders. There will be no hype, no promises of get-rich-quick, no pretenses to guru status, and no sales of coaching or seminar services. I’ll just share what I’ve learned over 30 years…"
Resources for Learning How to Trade
"I want to thank the many readers who took the time to comment so generously on my last post, outlining the "Introduction to Trading" project that I’ll be starting with tomorrow’s blog post. Earlier today, on the Trading Coach site, I posted several links to resources that might be helpful for developing traders, with a specific focus on how to trade. On that same site, you’ll find links to the contributors to the Trading Coach book; their sites offer excellent resources for those looking to develop as traders…" More here.
