Category Archives: Crosshairs Psychology

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.

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…

DO YOU WANT TO BECOME AN EXPERT? SNEAK A PEAK AT THE NEW SCIENCE OF EXPERTISE

When the principles of deliberate practice are applied to technical analysis and risk taking anyone can succeed at trading.

THE TRADER’S MINDSET: PROBLEMS AND SOLUTIONS

Our technical trading process is grounded in a understanding of how best to develop, accept, and nourish The Trader’s Mindset.

ARE YOU PREPARED FOR BATTLE?

Battles are won and lost BEFORE swords are drawn.

WHEN THE STOCK MARKET IS IN TRANSITION

Knowing that an increase in volatility can increase counter productive trading (e.g., over trading, revenge trading, top and bottom calling trading, etc) can help keep us from doing so.