Category Archives: Crosshairs Wisdom

BY IGNORANCE THE TRUTH IS KNOWN

We traders can use our ignorance as a tool for profitability. But can we handle it?

IT’S NOT WHETHER YOU WIN OR LOSE BUT…

the charts serve as a way to manage what is more often than not the unbridled emotions of the traders who are left on their own to interpret random price action from a wide variety of perspectives, none of which are right or wrong.

THE STOCK MARKET

Sure, a trader can make money on a trade but to make money consistently and over a long period of time is, to say the least, difficult.

SOMETIMES I JUST SITS

Sitting is ok when the markets are not set up for your trading edge…if you have one.

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.

TRADE WHAT IS NOT WHAT YOU THINK SHOULD BE

Trade what is…not what you think should be.

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…