General Comments
One of the critical questions traders must answer is how to reconcile conflicting information. If we are seeing markets clearly, there are always factors and arguments to be made for both directions. In the current market, we've seen enough selling pressure in recent weeks to break key support
General Comments
Stocks were once again weak last week. While it's easy to extrapolate whatever the market is doing into infinity, it's important to put the move in context. This, in fact, is one of the common mistakes--to assume that strength will continue, or that weakness will lead
General Comments
It’s been a while since I’ve written here. You’ve probably seen the weekly updates, under the Markets Unlocked tag—these have been useful, high-level summaries of market conditions and things we’re watching for the week ahead—as useful for me to write them as, I hope,
General Comments
Last week saw some fireworks in stock indexes. Moved mostly by a handful of tech earnings and announcements with a solid dose of FOMC magic, US indexes chiseled out some solid gains for the week. We think there's a very good chance that any moderate decline or pause
General Comments
In the interest of brevity, I’m going to write this weekend’s email almost in bullet point format. There’s a lot here, so let’s get going! Global stocks are still under pressure First, stocks had a yo-yo up/down week. We got the anticipated bounce off of
General Comments
Much of this year passed in a blur! It’s been a minute since I posted last, so I thought I would just write a short post to let you know what we and I have been doing. In today’s post, I’ll cover a few trading-specific thoughts, and
General Comments
As we cross the line into fall, we are going to start publishing a short end-of-week update. We'll share some of our thoughts on the current market environment--what you need to watch out for, where opportunity might lie, and how to trade it. You'll see some
General Comments
Yesterday, a trader I have worked with a bit over the years (let’s call him M) pinged me with this real-money equity curve: (For the record, that's a pretty good equity curve, aside from the last trades. (I'd also ask some questions about the nearly
General Comments
All traders struggle. For most, it’s a matter of getting through years of struggle at the beginning to see some consistent success. Some traders are unlucky enough to start at just the “right” time, or to be in the right market at the right time, and to make money
General Comments
I want to share a few thoughts here on a recent project I’ve been doing, and maybe provoke some thoughts about creativity, discipline, and the importance of a structured practice. Most of you reading this probably won't be trying to write music, like I am, but you
General Comments
One of the interesting developments of the past ten years is the gradual death of the “life hack” approach. This is a good thing. The reason this movement has died is because most “hacks” simply don’t work. But if you’re trying to develop a trading approach, you need
General Comments
I took part in an interesting exchange in a Facebook group last night, in which a trader was asking “should I buy puts or calls for the spy or qqq?” This trader, by his own admission, was a consistently losing trader. The question began with something like “I’m going