Pullback
I want to share a quick short setup in the S&P 500 index today. This is a repeatable pattern, and draws on many elements I have discussed here on my blog, and also in my book, The Art and Science of Technical Analysis. Take a look at the
Podcast
For the beginning trader, here are some thoughts and ideas for the first steps of your journey. For a developing trader, or for the successful trader, here is an invitation to take a few steps back and look at everything with beginner's eyes. Here are the show notes
Trend Termination
Let's talk about endings today. If we can better understand the patterns that often occur when trends end, we are better equipped to manage risk, place stops, and, in general, to trade those trends. Crude oil provides a good example of a dangerous ending in a specific kind
Guest Blog
I tweeted a few days ago that I had big news--huge news--gigantic news about the trading course, and I do. I have been very pleased with the reception the course has gotten, and I've heard from many traders that it has been a pivotal piece in their development.
Psychology
I received a good question from a reader, Jeremy, this morning: From a practical standpoint:How does one deal with market uncertainty?Why is accepting uncertainty so hard for most traders, especially newer traders and/or those who are not consistently profitable?More specifically:How does a discretionary intraday swing
Podcast
Markets have been a bit volatile over the past few weeks, and the future is uncertain. For many investors, these moves can be troubling because it's been many years since we've had a substantial decline--whether we do or do not from the current point (and, for
Psychology
Before I call it a day, I thought I'd share a few thoughts with you. For those of you finding this post later, US stocks broke down Thursday of last week from a long, extended range, and closed the week Friday with what might be charitably called a
Psychology
I’ve written and said many times before that simplicity is a good thing—if you have a methodology that is overly complex, there’s a pretty chance it won’t work. However, so many traders feel drawn to complexity—it feels right and good. Why is that? Why would
Pullback
Given the action in US stocks this week, I thought this might be a good time to share a few thoughts about the market. I hope to be able to show you a way to think about the market that will cut through all of the fear, hype, exaggeration, and
Individual Traders
In a recent blog post, I made the statement (borrowed from Jack Schwager), that you must have an edge to be successful in the marketplace, and, if you don't know what your edge is, you don't have one. This, of course, prompted the logical question from
Podcast
Today, a few thoughts on how your memory works and how it is structured. I spend some time talking about a system called Anki in this episode. I know many of you will think it sounds impractical, hard to learn, or like a waste of time, but give it a
Market Math
In my weekend research report I write for my clients, I shared a few thoughts on correlation. This is a timely topic--we may be entering a period of the market history where a lot of assets link together. This is a risk, as there's always the risk of