Top products from r/Trading

We found 20 product mentions on r/Trading. We ranked the 14 resulting products by number of redditors who mentioned them. Here are the top 20.

Next page

Top comments that mention products on r/Trading:

u/Robswc · 2 pointsr/Trading

>What do you guys think I should focus on learning for my first strategy? I will be paper trading for now. Also looking for advice on finding stocks to trade through screeners; what filters and things should I be looking for? Thank you

I made something a bit ago that should help you get on the right track:

https://medium.com/@robswc/how-to-find-an-edge-f04b69760327

You're right in that your first main goal should be finding an edge. Best advice I can give there is just keep it simple and stick to solid risk:reward ratios. Make sure the strategy has ridge rules and you follow them as close as possible. I would also get familiar with the market as a whole before moving on to live trading!

After you get a feel for things, here are some books you can read, basically just stuff I've read over the years that I find interesting, for their own reasons.

Trading in the Zone, By Mark Douglas - https://www.amazon.com/Trading-Zone-Confidence-Discipline-Attitude/dp/0735201447

Fooled by Randomness, by Nassim Taleb - https://www.amazon.com/Fooled-Randomness-Hidden-Markets-Incerto/dp/0812975219/ref=sr_1_1?crid=13LH3VBFX62OH

Skin in the Game, by Nassim Taleb - https://www.amazon.com/Skin-Game-Hidden-Asymmetries-Daily/dp/042528462X/

Algos to Live By, by Brian Christian - https://www.amazon.com/Algorithms-Live-Computer-Science-Decisions/dp/1250118360/

A Short History of Financial Euphoria, by John Galbraith - https://www.amazon.com/History-Financial-Euphoria-Penguin-Business/dp/0140238565/


>So, some different strategies I've found interesting are scalping, breakout, and momentum, and I have also seen some opinions on only trading in certain markets (Ricky Gutierrez for example trading natural gas).

I also like scalping as I'm relativiley impatient! lol

https://twitter.com/robswc/status/1093328001243189248
https://twitter.com/robswc/status/1082782861869109253

This is some of what I've been able to do through scalping. I love the potential to make several small profits through the day. Most start with swing trading though, which isn't a bad idea either. If you want to practice scalping I would look into finding an edge specific for scalping as some strategies lose their edge on higher/lower time frames.

All in all, this isn't the worst "beginners post" out there lol, you seem to be level headed, especially knowing you should paper trade before jumping right in or entertaining the idea that you can just come in and clean house ;)

good luck!

u/[deleted] · 2 pointsr/Trading

Hey man, it sounds like trading crypto is your first foray into trading.

What you've done must've felt like a roller coaster, and most new traders go through a similar experience in whichever market and style they've chosen. Most important you need to learn from that experience.

It sounds like you're getting whipsawed, meaning you're constantly chasing what the market is doing with short-sightedness. Unfortunately crypto has been super volatile in the past 6 months, and this will naturally lead you to having positions quickly going in and out of red/green.

What I've noticed you don't really comment about in your story is any form of rigorous planning. If that's the case you are not deciding under what conditions you would buy and sell, and if you do also deciding at what price and conditions do you exit (good or bad). It seems like you see the price fall, you go for a short, if you see it rising over the last few days you go long. This kind of behaviour leads to an avalanche of losses, especially in a whipsaw market, and most dangerously it impacts and damages your trading psychology and mental health. Chances are you had this thought: "everything I touch turns to sh*t".

In my experience, by extension you are likely betting way too of your money on any given trade, or put simply you're likely lacking a good money management system. The general rule of thumb for swing/medium term trading is a maximum loss of 2% of your capital for any given bet. When you lose heaps on a trade this also impacts your psychology just as hard.

You may also want to consider some age old of trading wisdom:
"Always enter too late, and exit too early"
"You can't catch all the moves"

Since this is impacting your master's study, if you consider it a serious threat to your performance I hope you will find the courage to simply just go hiatus on trading until things improve again. No doubt it takes courage, especially when you have suddenly experienced a roller coaster of emotions and experiences recently and your body is just screaming at you to win that money back. If you just love trading you will need to simply just do the obvious thing and scale your operation down to pennies on every trade (or whichever is the lowest allowable on your platform). If you are feeling desperate to win your money back ( I think you've implied you aren't on net loss yet since you've begun, that's good, in this game breaking-even is winning and beating retail trading odds significantly) you will just have to accept money comes and goes, and there will always be big bad markets for you to exploit in years to come. The market will always be there, cypto especially, the opportunity for you to finish your masters is comparatively restrictively much less so.

Edit: if you are looking for a great book on psychology I recommend 'The Daily Trading Coach' by Brett Steenbarger. It's a all round book on trading psychology, how to plan and prepare trades, and self improvement.
https://www.amazon.com/Daily-Trading-Coach-Becoming-Psychologist-ebook/dp/B0023SDQRG/ref=sr_1_1?ie=UTF8&qid=1520576563&sr=8-1&keywords=The+daily+trading+coach

If you are looking for a more scientific and also practical book centred on psychology there is 'The Hour between Dog and Wolf: Risk-taking, Gut Feelings and the Biology of the Boom and Bust' by John Coates.
https://www.amazon.com/Hour-Between-Dog-Wolf-Risk-taking-ebook/dp/B006KWAJP8/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1520576688&sr=1-1&keywords=The+hour+of+the+dog&dpID=519Ex%252BQDmxL&preST=_SY445_QL70_&dpSrc=srch



u/pt-115 · 1 pointr/Trading

If you know the basics of how markets work, read "Reminiscences of a Stock Operator". If you still want to pursue trading, when finished, you will have a great base of knowledge and can delve into the more technical and academic readings that are mentioned.

If you decide that your mental make-up is not suited for trading, you will save yourself a lot of time and money. Here is the best part...it reads like a brilliant work of fiction, yet many traders consider it the most influential book they have read. Don't take my word for it

https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lef%C3%A8vre/dp/0471770884#productDescription_secondary_view_div_1518440446692

If you read the original "Market Wizards", the book is recommended more than any other.

u/sroehling · 2 pointsr/Trading

The best information I've found on checklists was from a book called "The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management", by Dr. Alexander Elder.

This book goes into detail about the types of information you might include in a checklist, such as the the initial price target, risk:reward, questions like "Is this an A trade?", indicator values at the time of entry, short interest, etc.

For another example, trader and author Thomas Bulkowski shared a list of things he includes in his checklists.

What you include in a checklist also depends on your individual trading system.

u/Dannyboi93 · 2 pointsr/Trading

Honestly, Anna Couling's books have provided me with a massive amount of illumination.

Other than that, I'm currently reading Robbie Burn's "The Naked Trader" & Rob Booker's "Adventures of a currency trader".

Along with countless others, I'm currently trying to prioritize them and write reviews so I can go back on the main points easily.

Thank god for kindle devices, I can highlight all the important parts and go back.

u/king_finance · 1 pointr/Trading

Yes I'm majoring in finance in college and I personally have an attraction towards learning about personal and corporate finance. Also you can get the commodity options book on Amazon for $30
https://www.amazon.com/Commodity-Options-Trading-Volatility-Lucrative/dp/0137142862

u/halflife22 · 1 pointr/Trading

Hot Commodities by Jim Rogers is the best place to start. It will give you a detailed rundown of commodities trading, and investing in general.

u/StandardLifeMe · 1 pointr/Trading

i apply elliot wave theory in my trading aswell buy this book its well worth it https://www.amazon.co.uk/Elliott-Wave-Principle-Market-Profits/dp/007707386X

u/LeeroyEleven · 1 pointr/Trading

No no no naaaah, you guys got it all wrong. Well, you're not actually answering the question.

If you're trading forex then you can only buy on the ask and sell on the bid....which is almost the same as a market order in a regulated exchange (even if it's a limit order as defined by your broker). This is bc, when trading forex, you can only "take" liquidity and cannot "make" liquidity. Someone is profiting off the spread.

Buuuut if your trading on a regulated exchange, such as a CME or NYSE, you can place limit orders (aka resting orders) on the exchange. If your resting order gets executed, then your buy executes at (by definition) the bid price. And you sell limit executes at the ask.

Buying at the bid means you're executing a resting order, and the same is true for selling at the ask. Ask and offer the same thing in this context.

In contrast, hitting the bid means selling at the bid with a market order and lifting the offer means buying at the ask with market order.

https://www.investopedia.com/terms/h/hitthebid.asp

https://www.hedgeable.com/education/trading-slang

https://en.m.wikipedia.org/wiki/Central_limit_order_book

Honestly, when I first started trading way back when, I had no understanding of this. But it's critical to understanding the markets. If you don't understand this, you don't fully understand how centralized exchange markets and noncentralized markets work. It also will help you understand why some folks trade only futures and others only forex/cfd. It's two different worlds. One is not better than the other, but they are different.

Edit: Tangent...I highly recommend studying order flow trading in futures markets and start by reading Mind Over Markets ....and no it's not psychology book. It's an order flow (aka tape reading) book.

Mind Over Markets: Power Trading with Market Generated Information, Updated Edition https://www.amazon.com/dp/1118531736/