http://www.thestockbandit.net/2006/02/21/gartman/ Trading blog with trading insights, discussion on swing trading, day trading, and trading psychology. Fri, 16 May 2008 04:08:19 +0000 http://wordpress.org/?v=2.0.9 http://www.thestockbandit.net/2006/02/21/gartman/#comment-15 Wed, 08 Mar 2006 21:40:16 +0000 http://www.thestockbandit.net/2006/02/21/gartman/#comment-15 [...] Don’t let glossy advertising from software vendors fool you into thinking that your trading strategy just isn’t complicated enough. Remember Gartman’s rule and the simplicity it offers. Keep tabs on the market environment and adjust your trading plan accordingly. If a good trend exists, then look for some continuation setups like flag patterns and triangle patterns. If prices are stuck in a range, then consider some reversal setups like the double top or trade a channeling stock. Your ability to adapt to existing conditions is what will add to your P&L, not your ability to backtest effectively. [...] […] Don’t let glossy advertising from software vendors fool you into thinking that your trading strategy just isn’t complicated enough. Remember Gartman’s rule and the simplicity it offers. Keep tabs on the market environment and adjust your trading plan accordingly. If a good trend exists, then look for some continuation setups like flag patterns and triangle patterns. If prices are stuck in a range, then consider some reversal setups like the double top or trade a channeling stock. Your ability to adapt to existing conditions is what will add to your P&L, not your ability to backtest effectively. […]

]]> http://www.thestockbandit.net/2006/02/21/gartman/#comment-9 Mon, 27 Feb 2006 21:16:55 +0000 http://www.thestockbandit.net/2006/02/21/gartman/#comment-9 Market Wizards 1 & 2 as well as Stock Market Wizards are all on my Recommended Reading list over at http://www.thestockbandit.com/Trading-Books.htm. They are all excellent, so I couldn't agree more! Although Livermore's life was a wreck, we can certainly all learn from his lessons, even if he didn't. Thanks for your comment! Market Wizards 1 & 2 as well as Stock Market Wizards are all on my Recommended Reading list over at http://www.thestockbandit.com/Trading-Books.htm. They are all excellent, so I couldn’t agree more! Although Livermore’s life was a wreck, we can certainly all learn from his lessons, even if he didn’t. Thanks for your comment!

]]> http://www.thestockbandit.net/2006/02/21/gartman/#comment-8 Mon, 27 Feb 2006 20:25:21 +0000 http://www.thestockbandit.net/2006/02/21/gartman/#comment-8 Jeff: My husband taught me: never go against the trend. Also: the stock market climbs a wall of worry, and if I don't watch it, that is the way I make my money, worrying all the way to a successful trade. Poor Jesse killed himself and died broke. What a shame, his picture is the first thing that greets you when you enter the stock market on wall street and his influence was overwhelming. A truly great prophet who was not honored in his own time, nor did he follow his own trading rules. I highly recommend Trading Wizards 1 and 2 if you want to pick up some other rules from contemporary and successful traders who picked themselves up many times until they made it. Jeff: My husband taught me: never go against the trend. Also: the stock market climbs a wall of worry, and if I don’t watch it, that is the way I make my money, worrying all the way to a successful trade. Poor Jesse killed himself and died broke. What a shame, his picture is the first thing that greets you when you enter the stock market on
wall street and his influence was overwhelming. A truly great prophet who was not honored in his own time, nor did he follow his own trading rules. I highly recommend Trading Wizards 1 and 2 if you want to pick up some other rules from contemporary and successful traders who picked themselves up many times until they made it.

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