General Comments
[dc]A[/dc]s we all know, the road to trading success is a long road, and the path is not at all straight. To achieve some degree of competence can take years, and I think it really probably takes a decade to achieve some degree of mastery. (One of
General Comments
[dc]I[/dc] often get questions about the research I write for Waverly Advisors: what it is, who it is for, how it's different than a "newsletter", how to use it, and many others. I thought I would just write a short blog post to answer
General Comments
1. Trade too big. "Too big", in this case, means trading too large relative to your account size. (If you have my book, Chapter 9 includes an extensive discussion on this topic, with illustrations of what can go wrong.) Even a profitable trading system can be torpedoed by
Failure Test
[dc]L[/dc]et's take a quick look at some developing market structure in the US stock market. First of all, consider the broad context: we are firmly ensconced in summertime trading conditions. This means low volume and, usually, low volatility. In fact, volatility is extremely low by
General Comments
[dc]I[/dc] wanted to take a look at a short trade in gold we closed out yesterday in my research report I write for Waverly Advisors. There are a few good points here to consider: some stuff on multiple timeframe setups, managing trades with an eye to probabilities and
General Comments
[dc]I[/dc] want to share an important exercise with you today. The journey along the path to trading mastery can be difficult because it requires some conflicting skills—on one hand, you must rule certain aspects of your behavior with iron discipline and must also begin managing your thoughts
General Comments
[dc]W[/dc]e've all heard sayings like "to fail to plan is to plan to fail" and "plan the trade. Trade the plan." These are catchy sayings, but, ask yourself, how good is your plan? Is it good enough? Does it have enough
General Comments
[dc]T[/dc]oday, I want to share with you an entirely new way for you to meditate. This short series has, so far, focused on different ways to use your breath as a focal point for attention, and it's time to expand that and bring some new
General Comments
[dc]I[/dc]f you have been following along with my previous posts on meditation, you have spent a week or so simply sitting, watching your breath, and letting your mind relax. Many of you may have had experiences like Nathan, who writes, "Hi Adam: Great practical exercise. I
General Comments
[dc]T[/dc]oday I want to follow up on my previous posts on the rally in the Indian stock market and think a bit about how to balance technical and fundamental factors. Not so long ago, the idea that anyone could figure out anything from looking at patterns on
General Comments
[dc]S[/dc]o, if you read my first article on meditation here, and tried my suggested plan, you have gotten a taste of meditation. (To recap, I suggested sitting for five minutes twice a day, and simply watching your breath go in and out.) What happened? If you'
Breakout
Reader Shai suggests a clarification on my last post, specifically concerning the gap and the idea of slippage being a good sign for a trade: Like always great posts. Again, thank you! There is one thing I would consider mentioning regarding the issue of slippage in the sense of Gaps