All Entries in the "Tools of the Trade" Category
Interview at Stocktickr
March 21, 2006 at 6:19 pm
Here’s a big thanks to Stocktickr for the interview with yours truly this week! I hope you can learn something from it. Check it out, and feel free to post questions here on this blog or there below the interview as I’ll be happy to answer them.
And if you haven’t checked out Stocktickr’s site and service, you ought to! They have a number of very cool and useful features which any trader can benefit from.
Jeff White
President, The Stock Bandit, Inc.
www.TheStockBandit.com
Stocktickr: Now Open!
March 2, 2006 at 8:24 am
My buddy Dave at Stocktickr let me in the door a little while back to check out his new product. I was very pleased with what I saw, and even handed out several invitations to traders I know for the beta release which we were using for the past couple of months.
Stocktickr is not only a great tool for tracking your trades, but the journal feature really sets this product apart from the others. Using Stocktickr’s journal, you’ll get comprehensive reports about your trading that you might not otherwise ever know about. It will keep track of your performance, but will also calculate expectancy and winning percentage right there for you. This is an excellent tool for taking a realistic look at your trading performance and learning from your past results.
Stocktickr also allows users to view the trades and timing of other traders, thereby making a community of traders. You can even “tag” your trades with custom names like “new high” or “volume jump” to help you see better which kinds of trades are working for you. I highly recommend checking out Stocktickr, it is a wonderful trading tool with the ability to pay huge dividends on your trading when used the right way. And Dave, keep up the great work!
Jeff White
President, The Stock Bandit, Inc.
www.TheStockBandit.com
Herman Miller Aeron Chair
February 2, 2006 at 1:20 pm
I never thought I would spend $750 for an office chair, but when my high-back leather chair left me feeling like an old man at the end of the day, I knew it was time to consider a better alternative. I’m way too young for that!
The Cadillac of trading chairs is the Herman Miller Aeron. It’s fully adjustable, and they thought of everything – forward tilt, seat height, tilt tension, lumbar, tilt limiter, and more. So, I went to the local showroom to investigate, and I couldn’t believe the adjustments I could make to this chair to ensure that my posture stays good all day. The material doesn’t get hot like a leather and foam chair, which makes it comfortable all day to park myself in when trading.
What really sold me was the idea that I could get up at the end of the day feeling just as good as when I sat down, and after many months, I can honestly say I haven’t been let down. Let your next good trade pay for a quality chair…..your neck and back will thank you!
Jeff White
President, The Stock Bandit, Inc.
www.TheStockBandit.com
Trade-Ideas Pro
January 12, 2006 at 11:05 am
Among the trading tools that I use, Trade-Ideas Pro is right up there among the most important. The folks who run Trade-Ideas are dedicated to providing an excellent product at an affordable price, while making continual improvements and enhancements.
Every morning before the market opens, I fire up my Trade-Ideas Pro and it couldn’t be simpler. I load a couple of watch lists and in about 20 seconds I am ready to trade. I run a few Trade-Ideas windows for different purposes and timeframes, and throughout the day T-I provides me with not only new trade ideas (no wonder they named it that!), but it gives me excellent information regarding the strength or weakness of my existing trades, allowing me to better determine my exits.
One of my favorite features among the dozens offered is “Relative Volume.” It’s important for me to be able to monitor Relative Volume as a new swing trading position is hitting highs so that I can see just how strong a stock may be. Hitting highs is one thing, but a stock hitting highs on something like 5.4 times the normal volume for that time of day tells me I should stay in because of the increased activity and interest in that stock. A lower reading like 1.2 Relative Volume says that volume is only 20% higher for that time of day than normal. I view a reading like that as a signal that the stock may not make a lasting move, and that it may be time to take some profits off the table. The Relative Volume is a tremendous help to me when determining whether I should expect a continued move or if it’s time for me to move on.
To my friends at Trade-Ideas, keep up the great work on the excellent trading product! To everyone else, if you aren’t using Trade-Ideas Pro, you should be!
Jeff White
President, The Stock Bandit, Inc.
www.TheStockBandit.com
