Breakout
I've written on this topic before, but we just had a good example in the market, so it's a great time to revisit. Many intraday traders find that most of a month's profits come from one or two exceptional trend days in the month;
Podcast
Much of my work is focused on active trading and management, but this podcast takes a look at some important ideas and principles behind long-term investing--the secret of long-term investing, if you will. That secret is to usually do nothing, but to do the right thing when it's
Podcast
This week's podcast picks up where we left off last week, and looks at how to apply the lessons and ideas to your own development as a trader. These two podcasts are targeted at developing traders, or perhaps longer-term investors who want to learn to trade more actively,
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