Trader Development
Ok, so here is my question. I've been struggling with this all year, but now I start working next week again during the day, so am trying to figure this out. I need to figure out the best way to approach the markets while I'm working.
General Comments
I wanted to share a bit with you about the new book I have written: The Art and Science of Trading: Course Workbook, which is available here on Amazon. A few words on the content and ideas behind the book. Many of you know my trading course, which was first
General Comments
"If you want to be successful, find someone who has achieved the results you want and copy what they do and you'll achieve the same results." That advice, from self-help Guru Tony Robbins, mirrors what many people tell you--if you want to do something, find someone
General Comments
It's good to be focused on goals. Goals tell us where we want to be, and help us best use our time, energies, and talents to get there. If we have good goals, we can accomplish much more than we'd ever expect, and can work through
General Comments
About a year ago, my friend Tom and I sat down and talked about a new venture. At the time, I was very focused on creating a P&L tracker/journal piece of software that could help people understand what was going on in their trading. As Tom was
General Comments
This is the third, and last, post in a series of three posts that started by looking at the 10,000 hour fallacy and the importance of deliberate practice. Those posts were broad in scope, and some of you asked how to related them specifically to trading and financial markets.
Trader Development
This post is a followup to my recent post which looked at Malcolm Gladwell's 10,000 hour fallacy. That post focused on what is wrong with pop science soundbites. This post is different: today, I'm going to tell what you can do to work toward mastery--practical
Trader Development
Have you ever heard someone say they are "working toward their 10,000 hours?" I'm sure everyone reading this has heard of the "10,000 hour rule": the idea, drawn from Malcolm Gladwell's bestselling book Outliers, that it takes 10,000 hours
Pullback
It's easy to understand how there might be a pattern in the market that shows we have an edge or a reason to put on a trade. Maybe some combination of factors or patterns shows us that a market is more likely to go up over a certain
Chart of the Day
Here's a perspective on recent sector action with a longer-term context. I find movements on this type of chart can give good insight into flows and developing relative strength:
Market Math
We've had a very large decline in stocks this week. Depending on what index you use and how you measure, it's the biggest or one of the biggest in the past few years. The world is also tense with geopolitical concerns: economic numbers from major economies
Psychology
I got a good question in my inbox yesterday from a reader, Dave: Last month I made almost 2% (which is great), but this month I've already lost 5% (which is not so great). Every trade I have taken this month has beaten me silly. The losses in