Individual Traders
In trading, perhaps more than most other fields, there’s a big gap between knowledge and results. Success can be elusive, and the path to that success, for both discretionary and systematic traders, is not clearly marked. Essential knowledge Many people are drawn to markets as a way to make
Individual Traders
Sometimes, it’s hard to know where to start. When we look at charts or go to the market for trading ideas, thousands of pieces of information compete for our attention. In this post, I’ll share a look at some of the key technical factors I consider when making
General Comments
One of the very positive advances over the past decade is the amount of attention focused on cognitive biases. We are, through the work of some gifted authors and speakers, becoming aware of how easily our brains misfire and cause us to make mistakes. The list of cognitive biases is
Individual Traders
This is a continuation of the little mini-series on getting started in technical analysis. Today I want to talk about the mindset and goals of a successful trader. This is something I wished I had known much earlier when I started trading. Where we start Most of us get started
Individual Traders
This is the third in my series of blog posts for beginning traders. One of the questions I see over and over is “how do I start learning technical analysis?” Let’s talk about some of the pitfalls of the traditional paths, and how I think you might better get
General Comments
So, it's January 14th and I'm writing my first blog of the year. There's an important lesson here: habit, momentum, and daily rhythm are important. I have come to believe the power of habit is one of the most-neglected truths of the human experience.
Individual Traders
In a Facebook discussion group I run, Dan asked if anyone was worried about the market. In this own words: Should have gone to cash, taken a day or three off, and turtled up, gone small. Didn't.Struggling with fomo, missing out on the big one, when it
Individual Traders
Trading for a living—this is why many of us come into the market in the first place. It's the fuel that drives a lot of marketing, good and bad, and it's an ideal to which many traders aspire. So let me just put the conclusion
Individual Traders
Working with a mentor, trading coach, or teacher can cut years off the learning curve. For many, it’s the difference between ultimate success and failure. This is an important and powerful relationship, and I want to share some ideas for how you can get the most out of your
Individual Traders
I’ve been thinking a lot about failure recently, and I wanted to share a few of those thoughts with you today. It’s a little glib to simply say “failure isn’t bad” and “don’t be afraid of failure.” Failure is no fun, and, in some pursuits (skydiving?
Guest Blog
This is a guest post from my friend (and a trader and author for whom I have tremendous respect) Kevin Davey. I first "found him" through his book. I read many trading books each year, most of which I end up skimming after the first few pages, and
Individual Traders
I want to share a note I got from a friend and developing trader, Glenn: A note on my trading. It is better than it has ever been. It is simpler then it has ever been. I recognize the pattern and trade it..Less thinking and more lets say brick