Pullback
FOMO (fear of missing out) is a killer in the markets. One of the surest ways to lose money is to miss a trade, get frustrated, and then bang into a bunch of bad trades trying to make up for your miss. These emotions lead to many mistakes. This is
Pullback
One of the key challenges for discretionary traders is balancing short-term and longer-term information. Err too far on either side, and bad things will happen: Focus too much on short-term, and we are overly responsive to every jiggle of the market, constantly stopped out by market noise. Focus too much
Pullback
I initiated a short in crude oil back in July, and an astute reader sent me a good question. For many weeks/months I had been operating with the assumption that crude oil was probably putting in a long-term bottom based on the action back in March/April of 2015;