General Comments
General Comments
General Comments
The next two weeks on this blog...
Will probably be a little more sporadic and slower than usual. I will be on a semi (working) vacation... I may get some updates out at some odd times, may be some "deep thought" pieces... or it may be crickets. :) Either way, I'll return to normal
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Chart of the day: end of the trend in TSLA?
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Learning, deeply and well
Let’s face it—we need a lot of skills to get through life. Even the basic day to day requirements can be daunting, and most people have specialized skills in certain field. To make things even more complicated, the world changes, sometimes it seems at an ever-faster pace, and
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Chart of the day: complex bull flag in CADJPY
For swing traders, the real challenge may be choosing the best Yen-driven trades over the next few weeks or months.
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Thoughts and advice for new traders (and experienced traders too!)
I’ve been talking a lot with new and developing traders, doing some one on one work, and also hanging out in some forums that cover a very wide range of experience and sophistication. Seeing people start at the very beginning of our discipline has made me think deeply about
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Maintaining motivation
It’s that time of the year again: resolutions are made, gym memberships bought, diet plans laid out, major projects are started—the whole time, everyone knowing that all these plans are doomed for failure. Why do we fail so consistently on these New Year’s resolutions that it has
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Setting goals and making plans
In the post-holiday quiet, I tweeted yesterday inviting my followers to think about the one thing they could do in the coming year to improve trading results. I hoped to provoke some thought, and knew that the answer you come up with probably is unique to you—some of the
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How a trader should think about central banks
One of the recurring themes I've heard from traders (both professional and private) over the past decade or so is distrust, anger, and mocking of central banks and central bank action. I won't quote anyone, but some examples: * Prices can't move randomly because central
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Simple things work
Over the past few weeks, I've been hanging out a bit more in internet trading rooms and groups. It's been a good reminder of the kinds of questions and mistakes people make as they are learning about markets. Room moderators strut (including one who told his
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How to find trading ideas
There are patterns in market prices—of this, there is no doubt. Some small set of these patterns even can help us with our trading and investing. Some are worthless. And some aren’t even there at all—they are literally figments of our imagination-laden cognitive biases! What do we
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Can't sleep? Check your lights
I’ve talked with many traders who struggle from insomnia or other sleep disruptions. There could be many reasons for this. Some, such as the emotional pressures of trading, are obvious, but I think there is another common culprit: the light we use. All light is not the same Light