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
Readers Questions
I received a good question from Nick: In many of your writings as well as the most recent podcast, you have mentioned looking at charts prior to going to bed. Given that the stock market closes much earlier in the evening, can you please elaborate on some of the benefits
Individual Traders
We live in a "quick fix" world in which everyone is looking for "hacks" to solve and shortcut problems. The internet is filled with "you're doing it wrong" posts that purport to show you how to do everything from tying your shoes
Risk Management
Some trades are obviously simple on the surface: if we think the S&P 500 is going up, we buy the S&P 500. Yes, there are questions to be answered: how much? How do we know we are wrong? Where are we getting out if we'
Pullback
Effective trading patterns are usually simple. The more complicated an idea is, the more likely it is the result of trying to fit very random data (i.e., the market) into a preconceived mold. I think many of the patterns and ratios of traditional technical analysis are the result of
Podcast
Over the course of the next two or three podcasts, I want to share some tools and techniques I've been using to supercharge my learning. In my case, I've focused these tools on learning a spoken language (French), but these are powerful, raw techniques that you
Individual Traders
I received a lengthy question for a reader who has put in a lot of time learning to trade, and has not yet left the trading simulator. I thought his questions were insightful, and they mesh well with a topic I'm considering covering in some depth: how to
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;
Climax
This podcast episode looks at trading around market extremes, Acts of God, and very large market moves. From market history, some examples might be 9/11, 1987, Fukushima, Katrina, etc. Today, Greece has the potential to lead to these types of moves and extremes. Technical traders need to understand these
Trader Development
I received a question from Alex, which appears to be a simple question. Digging deeper, it actually drives straight to the essence of intraday trading: If I am wanting to trade intraday on the ES, are there some high probability ways to determine whether the day is likely to be