A few useful links
January 26, 2009
Rob at Quantifiable Edges has posted a really good write-up about how using stops doesn’t always make sense. It confirms some of the research I have done myself over the years when dealing with trading systems. In many cases putting stops into a trading system actually degrades performance. I am not saying you shouldn’t use stops. I’m just saying that you should know what their application means to your trading. (Note: Rob’s wife actually works about 30′ away from me, though I don’t think I’ve met him.)
The Socratic Method To Great Living (5 Simple Steps) is a post on the Zen Habits blog which I think definitely has some application in trading and the development path for new traders. And of course it’s got plenty of broader application as well.
The annual Top 25 Financial Blogs list at 24/7 Wall Street has been updated. Alas, I’ve still not made the list. 
Actually, this blog probably isn’t a good candidate since it’s not focused on current market stuff, but rather on trading education. There are several blogs on the list that I keep an eye on, though. They are Infectious Greed, Bespoke Invest, The Big Picture, The Kirk Report, Calculated Risk, Abnormal Returns, and of course Brett Steenbarger’s TraderFeed. There are several others that I may soon be adding to my Google Reader collection.
Struggling with support & resistance and knowing what the key market levels are? Check out the Price Distribution Analysis methods I use.
John,
Don’t despair, maybe next year.
Thank you for sharing the blog with us.
Best trading,
Jorge