TradingMarkets Making Great Traders - The Best of This Week's Trading Lessons

By | TradingMarkets.com | May 02, 2008 12:00 AM

Dear Trader:


TradingMarkets' mission is "Making Great Traders." Each week we publish trading strategies and research from many of the best professional traders and educators in the world.



Here are the best of the articles we published this week. We hope you enjoy them and prosper from them!


This Week's Top Lessons




David Ryan: CANSLIM Trader Finds Profits in Patterns


David Ryan worked directly with legendary momentum trader William O'Neil
decades ago. Now, in this recent interview you'll learn how he manages money
by applying the core principles of CANSLIM, an approach which allowed him to
end 2007 up 47%.




The Importance of Prior Price Levels


Do you day trade stocks or the E-minis? If so, here a simple strategy that
allows you to anticipate the current day's intraday price action with two
simple numbers.




Night Trading: A New Look at a Market of Opportunity (Part 1)


One of the best kept secrets on Wall Street is target rich environment of
the after-hours trading session. In this article, Brooks McFeeley will show
you how professional traders are able to take advantage of both short- and
long-term trading opportunities on a consistent basis after the closing
bell.




Should You Trade Mechanically or with Discretion?


There
are two types of traders, discretionary and mechanical. In this article from
professional trader and CEO of


Market Testing Wizards

Rob Davenport explains how to determine which approach could best maximize
your trading results.




Understand Your Market for the Best Results


If you've been trading stocks and want to try your hand at Forex, be sure to
do your homework first. Professional Forex Trader Selwyn Gishen explains how
to go beyond strategies and understand the unique characteristics of
individual markets in order to improve your trading.


Popular Past Articles




CNBC's Fast Money Man: Pete Najarian on Options (Part 2)



Most traders know Pete Najarian from his appearances on CNBC's popular
post-market television program, Fast Money. In Part 2 of this recent Big Saturday
Interview
of Pete, he will discuss the options strategies that are his
personal favorite along with his insights on where the edges are in today's
options markets.




Direction is the Key to Using ADX Correctly


For years, the ADX indicator has been a favorite of savvy traders. In this article from financial markets
veteran Chuck LeBeau, you'll learn a little-known way to use ADX that can increase
its accuracy in predicting the continuation of a trend.


Good luck and successful trading!


Eddie Kwong

Executive Vice President

TradingMarkets



Original publication: May 02, 2008

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