General Comments
Earlier this week, I sent a note to my email subscribers in which I shared a few thoughts about blogging, the fascination of financial markets, and about my firm, Waverly Advisors. This morning, I'd like to share that note with you. (Edit: my work is now available at
Individual Traders
You have to be disciplined to trade successfully; we all know that, and it's one of the few pieces of trading advice that might apply universally. No matter what your trading style, market, timeframe, risk profile--whatever you do, you have to do it consistently and with discipline. It&
Individual Traders
This week, I'm writing a series of short posts on very practical, applied things that you can add to your trading toolkit. I'm trying to select these so that they work for a wide range of trading styles, timeframes, approaches, and instruments, but think carefully about
General Comments
I want to share a simple rule that has worked well for me over the years. I'll explain the how and why, and then wrap up with some thoughts about when this rule might not be appropriate. So, imagine you are in a position, and then, for whatever
General Comments
I have a little pile of reader's questions here, so let me just get to them. John asks: "Should I use stop or stop limit orders to protect profits and limit risk?" John, like pretty much everything else in trading, the answer is a solid "
General Comments
As we head into the US holiday of Thanksgiving, I want to share a practice that has made a real difference for me--for me as a trader, and also for me as a human being. It's a simple thing, but it has to be done right--the practice of
General Comments
Take a look at this picture which I took a few years ago, on a Friday afternoon, on a New York / New Jersey ferry. After a long and stressful work week (it was 2008), the gentleman in the photo was more than a little inebriated (i.e., could barely stand
Podcast
So much emphasis is placed on where to get into a trade, entry signals, entry patterns... but the decisions we make after we are in the trade are at least as important (and maybe far more important) for overall profitability. In this episode, I dig into some of the ideas,
Volatility
Just a quick post to remind you of a technical tool you probably already know about. Like so many things that work, it's not exciting or sexy on the surface. It might seem overly simplistic or just not that interesting--but this is a powerful pattern that demands attention.
Podcast
In this episode, I look at basic technical tools that anyone, regardless of background or previous experience, can use to enhance his or her trading program. Important concepts and tools are covered, along with some ideas for how to expand your learning and learn to do this yourself. Technicals vs
Trading tools
My goal was to put simple, but powerful, tools into your hands so you can start doing the work to understand how the market moves. In this, the last, post in the series, I will do two things. First, we'll wrap up some unfinished business from yesterday'
Trading tools
So this is what we've been waiting for. We finally have the tools to ask simple market questions and to ask some critical questions. If you are new to backtesting, please go back to the beginning and work through the posts carefully. This is a learning process and