Individual Traders
[dc]I[/dc] recently received a few reader questions asking the same thing: what would my advice be to new traders? This is an important and daunting question (and I've written on it before), but let me share a few thoughts today. Please don't be discouraged
Individual Traders
[dc]B[/dc]efore I was a trader, I was a musician. In my career as a musician, I discovered the value of teaching—that I enjoyed teaching, I was good at it, and that teaching helped me refine my own skills and thinking. (The same is true of teaching
General Comments
A quick look at stock market performance by market cap slices. Simply put, smaller cap stocks (e.g., Russell 2000 (IWM)) tend to outperform larger cap stocks (S&P 500 (SPY) used in the video) during "risk-on" market cycles. This is probably driven by investor psychology and
Individual Traders
[dc]I[/dc] had an interesting conversation a month ago with Ian, a trader who I mentored a few years back who has continued to work on his trading skills and now trades on a professional level in the Philippines. He shared some thoughts about how developing patience and avoiding
General Comments
[dc]A[/dc]s we all know, the road to trading success is a long road, and the path is not at all straight. To achieve some degree of competence can take years, and I think it really probably takes a decade to achieve some degree of mastery. (One of
General Comments
[dc]I[/dc] want to share an important exercise with you today. The journey along the path to trading mastery can be difficult because it requires some conflicting skills—on one hand, you must rule certain aspects of your behavior with iron discipline and must also begin managing your thoughts
General Comments
[dc]W[/dc]e've all heard sayings like "to fail to plan is to plan to fail" and "plan the trade. Trade the plan." These are catchy sayings, but, ask yourself, how good is your plan? Is it good enough? Does it have enough
General Comments
[dc]T[/dc]oday I want to follow up on my previous posts on the rally in the Indian stock market and think a bit about how to balance technical and fundamental factors. Not so long ago, the idea that anyone could figure out anything from looking at patterns on
General Comments
[dc]A[/dc]s I promised last week, I'm going to start posting on some different topics and broadening the scope of this blog a little bit. (Depending on the reception, maybe a lot, but we will see.) Let's jump off today by starting to think
Breakout
[dc]T[/dc]oday I want to take a look at the recent move in India's stock market. I will discuss how we traded it (and signaled the move far in advance) in the research I write for Waverly Advisors, but, even more importantly, there are lessons for
General Comments
Reader Andrew asks (paraphrased question): Can I first of all say that I recently discovered this website and your book and I think they are fantastic! I would like to congratulate you on a great job with both of them. I have only read the first few pages of your
General Comments
Today, I want to write a bit about the value of keeping charts by hand. I've written on this topic before, but I think it is so important it's worth another reminder here. Though it is time consuming and is probably one of the oldest of