“You can be free. You can live and work anywhere in the world, be independent from the routine and not answer to anybody.” With those words I began my first book, Trading for a Living. One of my great pleasures in the years since its publication has been meeting and becoming friends with people who became free thanks to successful trading. Several times a year I run a Traders’ Camp, a week of intensive classes at remote resorts. I enjoy my campers’ successes. A stockbroker became a full-time trader, closed his business, and moved to Rio to pursue a life-long inter ... Читать дальше »

To make a profit, most individual investors and fund managers are forced to take a view on the direction of the price of something. The traditional or fundamental strategy is to study all the aspects of the market-place, all the factors affecting the price or that might affect the price, the general state of the economy (if relevant) and decide on the value of the investment vehicle under study. In addition to the fundamentals, many also consider what are known as the technical factors. Technical analytic methods use the sequence of previous pri ... Читать дальше »

Over the last 20 years, investors have increasingly come to regard investing in
stocks about the same as putting money in the bank—except they got a higher
return. This belief became so pervasive that, as recently as 2000, the government in Washington was still talking about putting part of the Social Security account into securities in order to earn a higher return. After the Nasdaq crash, that plan was quietly dropped. Even investors who researched stocks before buying them either mostly used computer programs that rely ... Читать дальше »