BiographyThomas Stridsman currently works as the senior editor for Active Trader magazine, a magazine devoted to helping the short-term trader on the American stock market. Between 1997 and 1999 he was employed by Futures magazine as an associate editor, specializing in articles pertaining to technical analysis, rule based trading, and advanced money management techniques. While at Futures he also appeared as a speaker at industry seminars and conferences. Before moving to Chicago in 1997, Thomas operated his own web-based advisory service in Sweden, appeared regularly in several Swedish financial dailies and financial magazines, commenting on the recent market activity, and making popular and widely followed technical analysis and intermarket based forecasts on the future market action. He also was the chair for the Swedish Technical Analysis Federation. Thomas holds a bachelor's degree in economics from Uppsala university, Sweden, and a pre-college degree in electro engineering.
Books by Thomas Stridsman
It's not the goal that's important, it's how you get there.
Take your time, do your research, and make sure you feel good about yourself while doing it. Analyzing and trading the markets should be fun, and if you don't have fun, you're likely to become sloppy and make mistakes. Also, if you don't have the means to take certain risks, stay away from them, as taking too much risk will make you feel bad and act in panic, resulting in bad decisions and losses you couldn't afford in the first place.
Garbage in, garbage out.
When working on a trading strategy, make sure you have good data to work with that are suitable for your purposes and goals. If your strategy is for the stock market, make sure it's correctly adjusted for splits, dividends, etc. If it is for the futures market, make sure your time series are put together correctly depending on what type of calculations you would like to perform. Comparisons between different markets and time frames always require percentage-based calculations.
One tool, one purpose.
Just as you wouldn't try to build a house with just a screwdriver, don't expect your strategy to work in every market condition or trade. If you're trying to ride the trend, use analysis tools suitable for that purpose. If you're trying to pick tops and bottoms within the trend, use tools suitable for that. Because each trading tool won't work equally as well all the time, you need to have an arsenal of tools working for you simultaneously.Taken from The Global-Investor Book of Investing Rules