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Welcome to the second edition of Sunday Roundup. There is a great, sunny weather outside, so I don’t want to keep you for too long in front of your screen. Therefore, I made today links list even shorter that in previous roundup.

If you never go through all links in such roundups and you always check only for the most interesting, most important and most valuable content – this one is for you. Read about The Secret of Life.

Trent presents Twelve Effective Tactics from The Deptor’s Toolkit.

Do you know what the Most Valuable Parts to success are? This post will help you to achieve your goals.

Still looking for ideas on money making? Go to The A-Z list of Money Making Ideas. This is a great series of posts presented by Alan from TheRatingBlog.com.

Finally, if you are a blogger and you often run out of ideas what to blog about, check Greg’s Ultimate Blog Post Inspiration List.

I have a lot of post ideas. Unfortunately, I have not enough time for it. Maybe I should ask Greg to prepare Ultimate Time Stretching Spells List? Hmm… I think I better focus on developing my time management.

I trade on GPW (Gielda Papierow Wartosciowych w Warszawie – eng. Warsaw Stock Exchange) via my broker account in my bank. All my accounts (personal, saving, broker, fund supermarket) are fully integrated and easy to manage.

On my bank’s website, I found an interesting list of 10 most important and most quoted rules concerning investing. There is an English part of this website, but unfortunately page containing these rules is available only in Polish.

Below I listed them. These rules are very simple, but a lot of beginner investors don’t obey them.

1. Those who think they are smarter than the market, they feed it.
2. Never put all your money into one stock company, fund or even one type of funds.
3. Broaden your knowledge about the market.
4. Have your own opinion. Treat analysts’ opinions only as a support.
5. Be consistent in your actions.
6. Always establish how much you can lose.
7. Don’t try to make quick money. Investing is for patient people.
8. When media says there is a boom on the market, start selling your stocks.
9. Don’t try to catch peaks and troughs.
10. Never invest against trend.

Japanese candlesticks are great method of preparing price charts. Candlestick chart has a huge advantage over linear chart or OHCL (Open, High, Low, and Close) chart. It shows more information: trend, strength of movement, relation between bears and bulls. It can also generate signals to open or close much faster. Sometimes only one candlestick is enough. 90% of stock charts I analyze are candlestick charts.

In Japan, candlesticks are most popular method of technical analysis. It has XVII century tradition coming from rice market.

To prepare a candlestick chart, there are used four values for each data point: opening price, closing price, highest price and lowest price. How they are shown?

In general, we distinct hollow and filled candlesticks.

When closing price is higher than opening price, we get a hollow candlestick, which has white body - rectangle. Upper border responds to closing price, bottom responds to opening price. If the highest price was higher than the closing price, we see upper shadow in form of thin line above the candlestick body. Analogously with the lowest price, if it was lower than closing price, we get the lower shadow.

Filled candlesticks are similar, except for one difference. Closing price is lower than opening price. In such case, the body is black and upper border respond to opening price, while bottom to the closing price. Upper and lower shadows are exactly like in hollow candlesticks.

If you are new to the candlesticks, I strongly advise to dedicate some time to browse such charts. Try comparing them with linear and OHCL charts. This way you will get used to it and pretty soon you will be able to easily read shown data.

In my next post concerning this subject, I will show and discuss types and meaning of different candlesticks.

S&P500

Gyutae from Winning The Web writes that roundup posts aren’t so useless. As I read a lot of different blogs on regular basis, I think it is good idea to share with you the most interesting content I find. Of course, most interesting for me, but I hope you will like it.

If you wrote a post on your blog or you read somewhere else, and you think that it fits to my roundups, contact me and let me know. If I find it interesting, I will surely add it to next edition of Sunday Roundup.

photo credit: Carlton Browne

Ok, here we go with my first roundup:

Which comes first, the success or the happiness?Answer for this question is at DumbLittleMan.

FrugalDad tells us why we go to work. I knew the answer before reading whole post, what about you?

An interesting guest post at GetRichSlowly concerns finding good stocks.

This one I really like. Trent writes about breaking dreams into steps. Highly recommended reading.

For those of you, who don’t have enough to read about personal finances, there is recently updated ranking of blogs about it.

Lifehacker tells you what software you should avoid under Windows and shows better replacements.

That is all for this week. Have a great time.