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Novice trader

Keeping track of daily market trends in sector is very helpful. The blog Novice Trader Journey has found a very good visual way to do this. At one glance it gives you sector trends. Good creative way to present data.






The Market Report is updated daily and summarizes the short (1 week), intermediate (1 month), and long-term (6 months) market behavior.  The 6-month relative strength for each industry, top 20 sub-industries, and bottom 20 sub-industries is calculated to help gauge the long term behavior of the market.  The 1-month change in relative strength for each industry, top 20 sub-industries, and bottom 20 sub-industries is calculated to gauge the intermediate behavior of the market.  The top 10 instrustries with the largest percent of stocks making new 52-week highs helps identify weak industries that may be starting new up trends, or to gauge the continuing strength of current up trends.  The bottom 10 instrustries with the largest percent of stocks making new 52-week lows helps identify strong industries that may be starting new down trends, or to gauge the continuing weakness of current down trends.  The dollar volume analysis shows the ten largest stocks (>$100 million DV) that are making daily moves larger than 4% up or down.  This helps to determine if institutions are buying or selling stocks, which can effect market direction in the short term.
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Why sausage making process is important

I am often asked by readers of this blog who are not members as to what happens on members site. Here is a post I made today on members site...

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Copycat posts and copycat lists

Many of the regular readers have pointed out and emailed to  me about copycat posts on earnings strategies,  procedural memories, momentum m...

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How Dan Zanger Finds his buy ideas

From his recent inteview in TradersWorld This is extremely easy to setup in Telechart. Dan Zanger Dollar Scan (C - C1) >= 1 Add Liquidity...

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3 Things you can learn from Charles Kirk

Charles Kirk has been mentoring a group of traders for couple of years and he holds a annual retreat for them every year. Last week he had ...

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Building Expertise: Cognitive Methods for Training and Performance Improvement by Ruth Colvin Clark

Building Expertise: Cognitive Methods for Training and Performance Improvement by Ruth Colvin Clark This is a book I am reading currently. ...