General Comments
This post continues the discussion on finding the Art in technical analysis. Read that first, and also this post, on bringing broad intuition into your experience. For quantitatively-inclined traders (such as myself), discretion can be a problem. First, many system rules are slightly counter-intuitive (which may be why they work)
Trader Development
I spend a lot of time writing about volatility and even more time thinking about volatility, correlations, and the implications for risk. I want to share a quick look at one of the screens I monitor intraday. Charts are very helpful, for many reasons, but where they falter is in
Market Math
I'm always doing research. Sometimes these are large, multi-month projects, but other times they are just a quick look to see "what the data says", and I share some of those results with you here. However, most research does not yield results--when we dig for treasure,
General Comments
[dc]A[/dc]ttention is a precious resource. None of us, whether individuals or institutions, have an unlimited supply of attention. Part of the process of trading successfully is figuring out where to focus that limited attention. Part of this is dynamic; as trades develop we are able to spend
Psychology
[dc]I[/dc] want to write a few words today on intuition. This is a slightly thorny subject, because it is not easy to say what is right and what is wrong; one person's approach to and experience of intuition may be very different than another person'
General Comments
Continuing from yesterday's post, I thought it might be interesting to review some trade setups I posted here this month (here and here, but also this post on the euro is also relevant). The video blog is about thirteen minutes long, but the point is not to review
General Comments
[dc]I[/dc] distinctly remember my first trades: the months of fevered study and preparation, the excitement of filling out those first brokerage forms, getting the first statements in the mail, and then the overwhelming rush of picking up the phone to put on those first trades. Though I had
General Comments
[dc]M[/dc]y blogging this week turned into a bit more of a stream of consciousness exercise than I'd expected; I needed more words to make fewer points than I'd hoped, and I thank you, faithful reader, for sticking with me for the journey. If
General Comments
So, after laying out the early steps and missteps of my trading journey (here and here), I left you yesterday when I was a technical analysis junky. Let's begin there, and I'll explain how I came to some very hard conclusions about technical analysis. (Apologies in
General Comments
Yesterday I wrote a bit about my path to becoming a trader, focusing heavily on my background. That post might have been pretty light on application and concrete market tie ins, so I want to focus today on a few of the things that I think helped me find my
Individual Traders
[dc]M[/dc]any years ago, a friend of mine shared an encounter he had with a successful investing club. This club was not like many of the others—they didn’t pool their money to trade stocks, do fundamental research, or, in fact, do any research of any kind.
General Comments
[dc]I[/dc]n a post last week, I talked a little bit about the kind of commitment and emotional charge that I believe it takes to truly excel in any field. Whether you are doing a martial art, studying music, learning to cook with excellence, or learning to trade,