Brett N. Steenbarger, Ph.D. is Clinical Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, NY. He is also a trader in the equities markets and works with traders in proprietary, hedge fund, and investment bank settings. Dr. Steenbarger has authored The Psychology of Trading (Wiley, 2003) and Enhancing Trader Performance (Wiley, 2006), as well as over 50 peer-reviewed professional publications in psychology and psychiatry. He maintains an archive of free articles and research at www.brettsteenbarger.com and writes a daily blog on market psychology at www.traderfeed.blogspot.com.
just an average joe investor . Change from aggressive growth to growth income so I could pay the bills.
But had to still keep one hand towards capital gains . Enjoying reading the posts and comments.
Been with SA almost from their start . I have a beer can for a brain so I thank everyone for filling it up with investment ideas and knowledge .
2012: Financially, I'm defined by decades of study and minutes of success. A walking encyclopedia of knowledge poorly put to use. But hey, life goes on. Live and learn, some more.
Update 5/25/13: Minutes of success becoming mostly days of success. Cest la 'vie. Who knows what's next??
Strictly day-trading AAPL and SPY for a few months now. In cash virtually every night and on weekends. Most success using a 1-hour (2 & 5 minute bars), 2-day (30 minute bars), 10 day and 50 day simple moving averages. Long when price is above average and short when below average. Use only 1 SMA at a time except that the next larger is used as a filter. Nothing else. Price is everything. Not exactly a Seeking Alpha type of person anymore, though it is excellent for being informed. Actually, have recently removed ALL moving averages and traded pure price even more successfully.
Also, for other accounts I manage, still a HUGE fan of Chuck Carnivale!! Thank you, Chuck. I look to you to find value and trade long-term according to the above SMA method on the 50 SMA. Teaching my kids about you and Nicolas Darvas. Huge fan of his as well.
Protect with close stops. Patience. Move stops slowly. Be willing to go short as well as long. Nothing more need be done.