Chart of the Day
Pot stocks are the new cryptocurrencies, at least in terms of volatility and bubble potential. Take a look at the chart of TLRY below. A few thoughts: * First, this chart is log-scaled. (One good reason to use log scaling instead of linear scaling is when there is a very large
General Comments
Trader Development
The new podcast is taking off--reviews and feedback have been outstanding, and I'm thinking maybe I underestimated the power of this format. It's a great way to really dig into topics in a personal way. Of course, you have to listen to a little rambling sometimes,
Market Math
In a previous post, I gave a look at my published swing trade record, with a title on the post of Trading is Hard! Let's revisit that concept, almost exactly a month later. The point of that post was that outcomes are "streakier" than we wish--we
Technical Patterns
Just a quick post here to point out a trending pattern that should be in your toolkit. Take a look at the chart of SEAS above, which shows a particularly powerful trending pattern I have called "slide along the bands". Characteristics of this type of trend are: * It
Pullback
So many of us get into trading for action and excitement. (That was one of the things that drew me to trading, years ago.) But what it takes to be successful is often the exact opposite--the patience and willingness to do nothing at all, until the time is right. We
Trader Development
Over the years, I've moved toward being increasingly skeptical and critical of trading ideas. I knew this was happening, even if it was not a deliberate choice, but a recent podcast I did make me question my reasons for being so skeptical, and reaffirmed the value of the
General Comments
Readers Questions
In our Facebook group, Paul made this post: Just read an excellent post on Adam's blog called "Trading for a living: real talk". This post talks about the reality of trading for a living and one section really resonated with me. It's sub titled
Podcast
As we head toward the two week anniversary of the launch of the Trader's Workshop podcast, I am seeing a few of the same questions over and over, so i thought it might be a good idea just to answer them here! With a new project, I can
General Comments
Trading tools
One of the tools I’ve come to rely on over the last 10 years is an indicator I call Sigma Spikes. (Read about it and how to calculate here.) This is a volatility-adjusted measure of closes, meaning that it tells us if any single move on a chart is