Category Archives: Crosshairs Wisdom

LUCK VS SKILL

Successful technical traders know that their technical analysis does not make them successful. It does not take much skill to learn how to read a chart.  In fact, there is plenty of programs that can do that for you.  Technical analysis provides an historical record; it does not predict what will happen.  History is not…

THE BLIND STOCK TRADER

Maybe, just maybe, if we spend 90% of our time working on the mental game, instead of the technical, we could have a fighting chance at being one of the 10% who consistently make 90% of the money.

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.