Podcast
Short term trading, intraday trading, daytrading--call it what you will, these styles of trading bring some unique challenges. Tools and approaches that work in other timeframes also work intraday, but applying them requires a different mindset and attitude toward risk. For the next few weeks, my blog will be focusing
Chart of the Day
* Yesterday's play was to not fade a break, up or down. This turned out to be correct, as the market gapped lower on the open, and did not look back throughout the day—ending in a volatile downtrend day for the entire session. * Assume bearish mode for the
Chart of the Day
This post is the first in a series I will be extending for a week or two, focusing on short-term and intraday trading. Each day, I will be publishing a chart of the day that focuses on the best short-term ideas and setups I see in the US stock index
Podcast
Off topic warning! If you are only interested in finance and trading, this podcast is not for you. :) This episode is 100%, completely about coffee: how different varieties taste, how to roast it, how to make it, and how to make the best possible coffee you can at home. If
Psychology
I was honored to be featured on the Stocktwits Must Follow Podcast series a few weeks ago. I had an interesting conversation with Sean McLaughlin in which we focused heavily on meditation and trader development, but also covered a number of trading-related topics and ideas. Some of you may already
General Comments
Over the past few days, I've written a bit about trading macro events and reports, and I also did a podcast episode on the subject. I shared some ideas about the kinds of events we are talking about (and today's looming FOMA at 14:00 EDT
Podcast
Every day, we are hit with economic reports, earnings for stocks, speculation, opinion, and a flood of other information. Some of these events move markets; some are non-events. How can we manage the volatility around these reports and what do they mean for the tactical/technical trader? Continuing from this
General Comments
There are so many things we can't predict; surprises, good and bad, happen. Sometimes these surprises can have a dramatic impact on our positions. One of the core tasks of trading is to respond to new developments and shifts in the market, but it's also important
Psychology
We all have ego. Everyone likes to be right, likes to be seen as intelligent, and likes to be a winner. We all hate to lose, and we hate to be wrong; traders, as a group, tend to be more competitive than the average person. These personality traits are part
Anti
Gaps are important. Gaps on charts can show powerful shifts in market dynamics, and we can identify some interesting tendencies around these gaps. Intraday traders often find an edge in fading gaps, but let's look today what happens over a longer time span. Consider the daily chart of
Podcast
Three more reader questions this week: how do we deal with runs of wins and losses? What about applying technicals to non-linear (or derived time series), and how do we translate trading strategies to options from the underlying instruments? Alan asks: Hi Adam, hope all is well. I was mulling
Trader Development
You have to be a disciplined trader. This is one of the nuggets of trading wisdom we hear constantly, and for good reason--it's true. Without discipline, we will make many mistakes in the highly competitive market environment. But it's not as simple as saying to yourself