Category Archives: Battlefield Preparations

ON BEING WRONG

I am a trader. As a trader I manage uncertainty, or the unknown right side of the chart.

LEARNING FROM OUR STUPID MISTAKES

We were born to screw up, make stupid decisions, rationalize the irrational, form biased opinions even though standard economics assumes otherwise.

THE FUNDAMENTALIST VERSUS THE TECHNICIAN

Well, we can use all kinds of fancy, detailed explanations or we can keep it simple. I choose to keep it simple.

BUILDING A SUCCESSFUL STOCK TRADING STRATEGY

We kicked off our latest webinar with a discussion about how best to build a successful trading strategy.

STOCK TRADING…IN THE CROSSHAIRS: EXPECTATIONS VS REALITY

In our latest LIVE WEBINAR we discussed how our expectations can cause any number of negative effects on our trading, including ultimate disaster (or the inability to trade another day).

TRADE WHAT IS NOT WHAT YOU THINK SHOULD BE

Trade what is…not what you think should be.

SAME AS IT EVER WAS: RICHARD D. WYCKOFF ON SUCCESSFUL SPECULATING

In 1932 (!) Richard D. Wyckoff wrote the following in a book entitled The Richard D. Wyckoff Method of Trading in Stocks   Key Takeaways:  Do not ask for advice. Let the market provide ideas.  Self Reliance is developed by doing your own thinking, refining your own judgments, and forming your own conclusions.  The tape…

THE STOCK MARKET…IN THE CROSSHAIRS: IT IS ALL A MATTER OF INTERPRETATION

The stock market cannot be predicted, only managed by accepting and embracing its inherent uncertainty riddled with various interpretations.

KEEP TRADING SIMPLE

Keep your trading edge simple is the advice from Marcel Link, in his book High Probability Trading.   So simple, in fact, that your trading edge “should fit on the back of an envelope”.       Just a thought for those who believe in predicting and who believe that the more complicated a system the…

STOCKS…IN THE CROSSHAIRS

Each weekend we review our watchlist stocks for potential opportunities for the week ahead.