Trader Development
It's easy to make money in the market. Anyone can place a winning trade; no expertise, experience, knowledge, or edge is possible. It's not so easy to make money in the long run, or to make any kind of consistent money in the market. Knowing that
Podcast
A_Joe wrote to ask me for some thoughts on how to read a chart. Here is his question: A Quote goes "People See What They Have Learnt to See". Would Request to Enlighten me on the Line of Thinking on Seeing a Chart. My Line of Thinking
Technical Patterns
One skill that is often overlooked in chart reading is the ability to look at a bar on a chart and to infer what price action might have created that bar. In practical terms, this means being able to look at a bar on one time frame and immediately understand
Support / Resistance
I can get right to the punchline, and make this a very short blog post: don't trade when the market you trade is in consolidation; more specifically, do not trade when the timeframe you trade is in consolidation. The "small losses" that accumulate when we trade
Intraday Trading
For intraday traders, trend days can offer outsized rewards. For some styles of traders, much of the work of trading is focused on capturing trend days, and most of the profits for the month may come from one or two trend days, with most of the other days showing small
General Comments
I wrote a post late last week on the value of admitting what we don't know. I made some arguments about the dangers of false confidence, and the errors we can make if we don't take the time to think deeply about the limits of our
General Comments
We live in a world where most of our basic needs are fulfilled; most of us have food and water, we have a sense of safety and security, a sense of community and belonging, and, most of us most of the time, can work on that oft-elusive "pursuit of
Breakout
I've been writing about this for quite a while, tweeting about it, pointing out the relative strength in smaller cap names, constructive sector flows, volatility compression that could support a strong trend thrust, and a number of other factors--US stock indexes are well set up for an upside
The Book
I want to take a few moments and share some information on the new little book I have released. First, it is exactly what the title says: it is a primer, or first steps, in applying quantitative tools to market data. If you have a rigorous quantitative background, there might
Podcast
In this episode: Tony C asks: How to tune out negativity and fear from the media? * Understand the nature of media-driven information: It's constant and emotionally charged. The media has leveled the playing field and made the world a better place, but we need to understand the information
Breakout
Group-think is a problem in markets; so many smart people look at the same (pretty limited) set of information, so it's easy to understand why many people come to similar conclusions. Sometimes, it pays to step back and get out of the noise and information flow, and to
General Comments
To trade or invest successfully, we have to think one step ahead of the market, but we have to discipline ourselves not to act early. We also must strike a balance between having a big picture perspective and being flexible as new information arrives--it helps to have a roadmap, but