pftq's Stocks and Investing

Trading Guide

Tech Trader

Virtual Trading System

Top Trader of the Week
» pftq (+0%)
Top Virtual Traders All Time
1. pftq (+1815%)
2. Straxus (+14.8%)
3. allenc1994 (+0.8%)
4. Jason (+0.4%)
5. tinytim42 (+0.1%)
6. jagdaddy (+0%)
7. alice (+0%)
9. Ashleen (+0%)
10. shin (+0%)
Most Recent Trades
» Buy SPY, $264.8
     by Tech Trader
» Buy SPY, $266.0
     by Tech Trader
» Buy AEMD, $0.96
     by Straxus
» Sell Short NEE, $146.4
     by Straxus
» Buy to Cover SDOW, $28.58 (+0%)
     by Straxus
» Sell Short SDOW, $28.58
     by Straxus
» Buy to Cover WFM, $41.81 (+0%)
     by Straxus
» Sell Short WFM, $42.02
     by Straxus
» Sell STX, $41.02 (-20%)
     by Straxus
» Buy STX, $51.1
     by Straxus
June 18th, 2009
Posted by pftq

x. Links and Resources

     Much of my trading just came from experience, so it's difficult for me to really recommend any resources.  Much of it simply came out of searching online and following the community.  My recommendation would be to just join a community and learn with others, as opposed to trying to learn to ride a bike from a book.  The texts I do list below are more for context of what's been going on rather than necessarily being related to how to trade itself.

Reading and Learning
  • Dark Pools by Scott Patterson - Recent book describing exactly a lot of the psychological premises behind Technical Analysis and really just the truth about how the modern stock market came to be (effectively coded by one guy). Also nice confirmation from historical accounts in the industry about how large funds really do trade on psychology/technical signals rather than fundamental analysis as schools would have you believe.  A summary of the history covered for the Island bit can also be found at Wired just to give you a taste of what the text is really about.
  • What are the Different Types of Quantitative Analysts? - Summary of industry levels in quant and algorithmic trading, so you know who is out there and doing the real stuff, where the talent is.  And so you can fact check the next time anyone claims to be a "quant" trading from home.
  • HFT Industry Makes Less in a Year Than JP Morgan Does in a Quarter - Article highlighting how little high frequency trading actually makes for the massive operational risk and overhead they undertake and why it's so overrated.

Community Sites

Tools and Information
1153 unique view(s)

Leave a Comment

Name: (Have an account? Login or Register)
Email: (Optional, Won't be published)
Add charts via [schart]SYMBOL[/schart].
Enter the code from image: