Download link: http://fp.io/2d86cam5/
本书列举了30本历代经济学大师的传世巨著，这些经典之作，不仅在当时的社会背景下.为人们解决了一个个复杂多变的棘手的经济问题，推动了人类历史的进程，而且在21世纪的今天，我们仍能从这些大师身上学习到宝贵的经验与智惹，来解决当前所面临的各种问题。
编者用最简洁的语句，为你讲述伟大作品的精华。用最浅显的文字，连释大师们的深邃。用最好住的字句，传递原著中令人难解的理论。期望让读者在最短的时间内，了解每一位大师给予我们的忠告和教诲。
本书目录
第1部 《经济表》
第2部 《国富论》
第3部 《人口原理》
第4部 《政治经济学概论》
第5部 《政治经济学及赋税原理》
第6部 《政治经济学新原理》
第7部 《政治经济学的国民体系》
第8部 《政治经济学原理》
第9部 《资本论》
第10部 《政治经济学理论》
第11部 《国民经济学原理》
第12部 《纯粹政治经济学纲要》
第13部 《资本与利息》
第14部 《经济学原理》
第15部 《利息与价格》
第16部 《财富的分配》
第17部 《有闲阶级论》
第18部 《经济发展理论》
第19部 《福利经济学》
第20部 《不完全竞争经济学》
第21部 《就业、利息和货币通论》
第22部 《价值与资本》
第23部 《通往奴役之路》
第24部 《经济学》
第25部 《丰裕社会》
第26部 《经济成长的阶段》
第27部 《人力资本投资》
第28部 《资本主义与自由》
第29部 《经济学》
第30部 《经济学原理》
Sunday, February 19, 2012
Monday, February 13, 2012
How to Look for and Trade Earnings-Related Breakouts from Chart Swing Trader
A great post about PEAD written by Chart Swing Trader.
http://www.chartswingtrader.com/2008/05/how-to-look-for-and-trade-earnings.html
http://www.chartswingtrader.com/2008/05/how-to-look-for-and-trade-earnings.html
Sunday, February 12, 2012
Essential Books for growth and momentum traders listed by Stockbee
Stockbee listed the following list of Essential Books for growth and momentum traders. I will post links to download these books later.
William O'neil
Read all editions of O'Neil book starting with First Edition
How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition
The Successful Investor: What 80 Million People Need to Know to Invest Profitably and Avoid Big Losses
How to Make Money Selling Stocks Short (Wiley Trading)
24 Essential Lessons for Investment Success: Learn the Most Important Investment Techniques from the Founder of Investor's Business Daily
How To Make Money In Stocks: A Winning System in Good and Bad Times-
Jesse Livermore
Reminiscences of a Stock Operator (Wiley Investment Classics)
How to Trade In Stocks
Nicolas Darvas
How I Made $2,000,000 in the Stock Market
Mark Boucher
The Hedge Fund Edge: Maximum Profit/Minimum Risk Global Trend Trading Strategies (Wiley Trading)
Dave Landry
Dave Landry's 10 Best Swing Trading Patterns and Strategies
Richard Love
Superperformance stocks: An investment strategy for the individual investor based on the 4-year political cycle
Charles Kirkpatrick
Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell
Michael Carr
Smarter Investing in Any Economy: The Definitive Guide to Relative Strength Investing
William O'neil
Read all editions of O'Neil book starting with First Edition
How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition
The Successful Investor: What 80 Million People Need to Know to Invest Profitably and Avoid Big Losses
How to Make Money Selling Stocks Short (Wiley Trading)
24 Essential Lessons for Investment Success: Learn the Most Important Investment Techniques from the Founder of Investor's Business Daily
How To Make Money In Stocks: A Winning System in Good and Bad Times-
Jesse Livermore
Reminiscences of a Stock Operator (Wiley Investment Classics)
How to Trade In Stocks
Nicolas Darvas
How I Made $2,000,000 in the Stock Market
Mark Boucher
The Hedge Fund Edge: Maximum Profit/Minimum Risk Global Trend Trading Strategies (Wiley Trading)
Dave Landry
Dave Landry's 10 Best Swing Trading Patterns and Strategies
Richard Love
Superperformance stocks: An investment strategy for the individual investor based on the 4-year political cycle
Charles Kirkpatrick
Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell
Michael Carr
Smarter Investing in Any Economy: The Definitive Guide to Relative Strength Investing
Saturday, February 11, 2012
DC's Percolator Scan
DC's Percolator Scan will be used to find stocks, which are closed to 6 month high and just break out on the scan day. This kind of stocks will also likely be shown in other scan, such as EP scan or STIB. The original post can be found here.
The criterion are as following:
1.Today’s percent change >= 2%
2.Today’s volume surge >= 50% (volume surge is calculated based on 100MA of volume)
3.Within 10% of 6 month high
4.C1 Percentchange <= 4
5.C2 Percentchange <= 4
6.C3 Percentchange <= 4
7.C4 Percentchange <= 4
This list is sorted by volume surge from highest to lowest. Now, we have all stocks starting to move on potentially higher volume within 10% of their 6-month high with no breakout days in the past 4 days.
In telechart or tc2000, the scan formula is
c>=1.02*c1 AND V>=1.5*AVGV100.1 AND C>=0.9*MAXH120.1 AND C1<=1.04*C2 AND C2<=1.04*C3 AND C3<=1.04*C4 AND C4<=1.04*C5
Usually you can find out many good setups using this scan.
The criterion are as following:
1.Today’s percent change >= 2%
2.Today’s volume surge >= 50% (volume surge is calculated based on 100MA of volume)
3.Within 10% of 6 month high
4.C1 Percentchange <= 4
5.C2 Percentchange <= 4
6.C3 Percentchange <= 4
7.C4 Percentchange <= 4
This list is sorted by volume surge from highest to lowest. Now, we have all stocks starting to move on potentially higher volume within 10% of their 6-month high with no breakout days in the past 4 days.
In telechart or tc2000, the scan formula is
c>=1.02*c1 AND V>=1.5*AVGV100.1 AND C>=0.9*MAXH120.1 AND C1<=1.04*C2 AND C2<=1.04*C3 AND C3<=1.04*C4 AND C4<=1.04*C5
Usually you can find out many good setups using this scan.
Sunday, February 5, 2012
Toby Crabel and his day trading method
If you want to be serious day trader you must study the work of Toby Crabel . He wrote a book Day Trading With Short Term Price Patterns and Opening Range Breakout some years back and now it sells for 300 plus dollar on Amazon. You don't need to buy the book but if you search for his name you will see several sites describing his concept of narrow range day. Nr4 and Nr7 have now become common lexicon due to his book. Essence of his idea is that when range contracts it signals a possible volatile move on either direction.
http://traderfeed.blogspot.com/2007/03/toby-crabel-and-epistemology-of-trading.html
Link to download the book by Tony Crabel:
http://www.filestube.com/4c46a8d6894b841e03e9/go.html
Bright Trading strategy
Moo= market on open order Loo= limit on open order. If you have not heard of these then you are not true day trader
http://traderfeed.blogspot.com/2007/03/toby-crabel-and-epistemology-of-trading.html
Link to download the book by Tony Crabel:
http://www.filestube.com/4c46a8d6894b841e03e9/go.html
Bright Trading strategy
Moo= market on open order Loo= limit on open order. If you have not heard of these then you are not true day trader
Stockbee's narrow range pre-breakout scan
This is very close to the idea of dragon scan. We want to find those stocks which have a first stage breakout going to be hyperbolic. Then the stocks had a narrow range consolidation period. Usually these stocks will have high probablity breaking out after the consolidation.
Some of stocks satisfying these criterions after Friday's close are CIE, PXP, CTAS. SWS is an example which had a breakout on this Friday.
one of the ways to do this is take a momentum list of say top 200 or 300 stock by MDT (c25/avgc126.25) and then sort it by a short term momentum scan like say c/avgc10 or/and c/avgc20 and then look at those with lowest values. They show stocks that have longer term momentum but having shorter term pullback/ consolidation.
Some of stocks satisfying these criterions after Friday's close are CIE, PXP, CTAS. SWS is an example which had a breakout on this Friday.
one of the ways to do this is take a momentum list of say top 200 or 300 stock by MDT (c25/avgc126.25) and then sort it by a short term momentum scan like say c/avgc10 or/and c/avgc20 and then look at those with lowest values. They show stocks that have longer term momentum but having shorter term pullback/ consolidation.
Sunday, January 29, 2012
From Lasertrader: Using PEAD (Post Earnings Announcement Drift) To Give You An Edge
http://lasertrader.wordpress.com/2012/01/21/using-pead-post-earnings-announcement-drift-to-give-you-an-edge/
A great article from Lasertrader about PEAD.
Although I had been trading for some time, I always had the same struggle many traders have. This is the challenge of how to build the best list of stocks to trade to increase your odds of being in a successful trade. As a technical chart pattern trader I look for certain chart patterns that offer a high probability of success if the pattern is broken in a positive way (for longs) or a negative way (for shorts). Finding these patterns has become very easy these days. Just watch the charts that are continuously posted by traders on the Stocktwits stream. There are so many there that look good we should all be rich and famous. In fact, there are so many to choose from where do you start? You can’t possibly trade them all.
If you have been trading technical chart patterns for a while you realize that in may cases the patterns that looked so good in advance failed miserably shortly after you got into the trade. As an example, in 2008 Thomas Bulkowski studied the failure rate of 14,000 “long” chart patterns in the Bull Market of 2003 to 2007 and found the failure rate to be 28%. To be successful as a technical trader you need to define an edge that works for you. The edge is a method of building a list of stocks to trade that will increase the probability of the technical pattern playing out in your favor. If you just randomly grab chart setups off Stocktwits, most likely Murphy’s Law will prevail on the stocks you choose to trade and those will be the patterns that fail. There are many methods you can use to get your edge. Maybe you trade stocks in strong sectors. Maybe you jump on news stories. Maybe if in the upcoming State of The Union Address the President mentions some sector focus for the coming year and you look to trade the stocks in that arena. Maybe you just have a set list of stocks that met some criteria you defined and trade technical setups on just that list. My core list and what I feel provides my edge is based on the PEAD concept.
PEAD stands for Post Earnings Announcement Drift. I was first introduced to the PEAD concept several years ago by Pradeep Bonde when I joined the Stockbee Service where the focus is on developing solid methods for being successful at trading. The PEAD concept was first described in a 1968 academic accounting research paper by Ball and Brown and further explored in detail in a 1989 paper from Bernard and Thomas. I will provide some additional links to articles about PEAD for you to explore at the end of this post but the basic premise of PEAD is….
“Post Earnings Announcement Drift (PEAD) is the tendency for a stock’s cumulative abnormal returns to drift in the direction of an earnings surprise for several weeks (even several months) following an earnings announcement.”
If there is an earnings surprise and the stock pops up, it has a high probability of continuing that move up for quite some time. When I thought about PEAD as an edge it just seemed so intuitive. Since, in my mind, the driver of most longer term moves in a stock price is usually growth in revenues and earnings, why not make upside earnings surprise the core strategy of defining your edge? For the past few years I have defined my core strategy as being PEAD based and I built my list of stocks to look for technical setups from those that have had earnings surprises and price pops as a result. Once I have built the list I will watch those stocks daily waiting for them to set up a continuation pattern to trade such as a horizontal consolidation or flag.
Being successful at trading is not easy, it takes hard work and lots of preparation. Once you define your “edge” also known as your method, you need to do the work every day to find only the best trades to deploy your assets in. One way to start implementing the PEAD concept is by using the Earnings Whispers site. Even without a premium subscription you can visit the site or subscribe to a free email that tells you the earnings beats or misses for each day. Then it’s up to you to track those that had a surprise beat or miss for follow on setups. If you search you will find earnings data from a variety of sites and services out there.
Recently I have been using a premium service from The Patient Fisherman called Bluefin to save me time in building the PEAD list. In Bluefin they are called the Post Earnings Surprise lists. Bluefin provides two lists that are continually updated. The first list contains stocks that in their most current earnings announcement they exceeded the analysts earnings per share (eps) estimate by at least 25%. The second list contains stocks that had a price move of 6% or more on the day of their earnings (with The Patient Fisherman’s permission, here is the 6% list published on 22 Jan 2012). I have found these two lists to provide more than enough opportunities to trade on a regular basis. I start with these lists and filter them so that I only have stocks that are over a minimum price and trade on average a certain amount of shares per day. Once the list is narrowed down I review it every day and set trading alerts on the best technical setups I can find that match my style.
Here are a few examples of stocks on the list that show successful follow on technical setups.
The above stocks are just a few of a large list. Not all work out as planned but if they trend and set up technical entries the PEAD effect increases your odds of having the trade be a profitable one. If you start making a list and monitoring the PEAD stocks you will find that they are often mentioned by others over time after they make a continued move. By doing your homework and monitoring the list each day you will be in the higher probability setups.
If you search the internet you will find many articles discussing PEAD. Here are a few to start with.
From Stockbee’s public blog
Earnings Season and the Cinderella Strategy
Paul Tudor Jones and Episodic Pivots
From Phil Pearlman’s Stocktwits Blog
Apple, Intel and Post Earnings Announcement Drift
From Matthew Weinschenk at Investment U
Using the Post-Earnings Drift: How to Find Stocks Set to Surge in Two Easy Steps
Regardless of whether you incorporate PEAD into your strategy or not, the most important thing is that you define your edge and have your own methodology to find the proper stocks to trade and the proper entries, exits and stops. Random approaches do not work and following others does not either. Be a professional and treat this as a business. The harder and smarter you work the luckier you get.
A great article from Lasertrader about PEAD.
Although I had been trading for some time, I always had the same struggle many traders have. This is the challenge of how to build the best list of stocks to trade to increase your odds of being in a successful trade. As a technical chart pattern trader I look for certain chart patterns that offer a high probability of success if the pattern is broken in a positive way (for longs) or a negative way (for shorts). Finding these patterns has become very easy these days. Just watch the charts that are continuously posted by traders on the Stocktwits stream. There are so many there that look good we should all be rich and famous. In fact, there are so many to choose from where do you start? You can’t possibly trade them all.
If you have been trading technical chart patterns for a while you realize that in may cases the patterns that looked so good in advance failed miserably shortly after you got into the trade. As an example, in 2008 Thomas Bulkowski studied the failure rate of 14,000 “long” chart patterns in the Bull Market of 2003 to 2007 and found the failure rate to be 28%. To be successful as a technical trader you need to define an edge that works for you. The edge is a method of building a list of stocks to trade that will increase the probability of the technical pattern playing out in your favor. If you just randomly grab chart setups off Stocktwits, most likely Murphy’s Law will prevail on the stocks you choose to trade and those will be the patterns that fail. There are many methods you can use to get your edge. Maybe you trade stocks in strong sectors. Maybe you jump on news stories. Maybe if in the upcoming State of The Union Address the President mentions some sector focus for the coming year and you look to trade the stocks in that arena. Maybe you just have a set list of stocks that met some criteria you defined and trade technical setups on just that list. My core list and what I feel provides my edge is based on the PEAD concept.
PEAD stands for Post Earnings Announcement Drift. I was first introduced to the PEAD concept several years ago by Pradeep Bonde when I joined the Stockbee Service where the focus is on developing solid methods for being successful at trading. The PEAD concept was first described in a 1968 academic accounting research paper by Ball and Brown and further explored in detail in a 1989 paper from Bernard and Thomas. I will provide some additional links to articles about PEAD for you to explore at the end of this post but the basic premise of PEAD is….
“Post Earnings Announcement Drift (PEAD) is the tendency for a stock’s cumulative abnormal returns to drift in the direction of an earnings surprise for several weeks (even several months) following an earnings announcement.”
If there is an earnings surprise and the stock pops up, it has a high probability of continuing that move up for quite some time. When I thought about PEAD as an edge it just seemed so intuitive. Since, in my mind, the driver of most longer term moves in a stock price is usually growth in revenues and earnings, why not make upside earnings surprise the core strategy of defining your edge? For the past few years I have defined my core strategy as being PEAD based and I built my list of stocks to look for technical setups from those that have had earnings surprises and price pops as a result. Once I have built the list I will watch those stocks daily waiting for them to set up a continuation pattern to trade such as a horizontal consolidation or flag.
Being successful at trading is not easy, it takes hard work and lots of preparation. Once you define your “edge” also known as your method, you need to do the work every day to find only the best trades to deploy your assets in. One way to start implementing the PEAD concept is by using the Earnings Whispers site. Even without a premium subscription you can visit the site or subscribe to a free email that tells you the earnings beats or misses for each day. Then it’s up to you to track those that had a surprise beat or miss for follow on setups. If you search you will find earnings data from a variety of sites and services out there.
Recently I have been using a premium service from The Patient Fisherman called Bluefin to save me time in building the PEAD list. In Bluefin they are called the Post Earnings Surprise lists. Bluefin provides two lists that are continually updated. The first list contains stocks that in their most current earnings announcement they exceeded the analysts earnings per share (eps) estimate by at least 25%. The second list contains stocks that had a price move of 6% or more on the day of their earnings (with The Patient Fisherman’s permission, here is the 6% list published on 22 Jan 2012). I have found these two lists to provide more than enough opportunities to trade on a regular basis. I start with these lists and filter them so that I only have stocks that are over a minimum price and trade on average a certain amount of shares per day. Once the list is narrowed down I review it every day and set trading alerts on the best technical setups I can find that match my style.
Here are a few examples of stocks on the list that show successful follow on technical setups.
The above stocks are just a few of a large list. Not all work out as planned but if they trend and set up technical entries the PEAD effect increases your odds of having the trade be a profitable one. If you start making a list and monitoring the PEAD stocks you will find that they are often mentioned by others over time after they make a continued move. By doing your homework and monitoring the list each day you will be in the higher probability setups.
If you search the internet you will find many articles discussing PEAD. Here are a few to start with.
From Stockbee’s public blog
Earnings Season and the Cinderella Strategy
Paul Tudor Jones and Episodic Pivots
From Phil Pearlman’s Stocktwits Blog
Apple, Intel and Post Earnings Announcement Drift
From Matthew Weinschenk at Investment U
Using the Post-Earnings Drift: How to Find Stocks Set to Surge in Two Easy Steps
Regardless of whether you incorporate PEAD into your strategy or not, the most important thing is that you define your edge and have your own methodology to find the proper stocks to trade and the proper entries, exits and stops. Random approaches do not work and following others does not either. Be a professional and treat this as a business. The harder and smarter you work the luckier you get.
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