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Nov 06, 2007 5:39 pm |
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re: re: re: Favorite site for commodities / futures charts, single-stock futures? |
Ron T
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Adrian,
Trading Blox looks interesting, though a bit pricey. It has the Monte Carlo simulation which TradeStation lacks.
I think most of the money are made in the longer timeframe (several months on). Due to high leverage in the futures market, I couldn't take the risk of overnight positions. Sometime during the choppy periods of 2004 - 2005 I stopped trading stocks. That was a big mistake, as the energy, commodities, Latin American, emerging market,and China stocks went wild upward (XLE, ILF, EEM, FXI ) soon after. It's always a good idea to diversify trading systems and markets.
I used Avg True Range to volatility adjust stops.
A few books I have read and found to be worthwhile:
Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas
Trading Systems That Work: Building and Evaluating Effective Trading Systems by Thomas Stridsman Professional Stock Trading: System Design and Automation by Mark R. Conway and Aaron N. Behle
Ron 
Private Reply to Ron T (new win) |
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