Just when you think you have the market figured out it changes course leaving you scratching your head in frustration.
Just when you think you have the market figured out it changes course leaving you scratching your head in frustration.
Anyone who has attempted to trade the markets, and by markets I mean any number of financial instruments from oil futures, forex, equities, options, etc., has found out in short order how difficult trading can be. In fact, I would venture to say that trading is one of the most difficult endeavors any of us could ever attempt to master. It is estimated that only about ten percent of those who attempt to trade for a living ever succeed. The ten percent who do eventually succeed will most likely tell us that they lost a few fortunes along the way. It is hard emotionally, mentally, and physically. Only the strongest will survive on this battlefield and is the very reason we need the principles of Sun Tzu to help us along the way.
The CROSSHAIRS formula is very simple actually but has taken several years to develop and is a direct result of my need to reign in my emotions and develop my patience, both of which all traders must ultimately deal with in order to become successful.
“THERE ARE ROADS WHICH MUST NOT BE FOLLOWED, ARMIES WHICH MUST NOT BE ATTACKED, TOWNS WHICH MUST NOT BE BESIEGED, POSITIONS WHICH MUST NOT BE CONTESTED, COMMANDS OF THE SOVEREIGN WHICH MUST NOT BE OBEYED.” SUN TZU ART OF WAR VIII.3 Why does SUN TZU go into such detail here about what NOT TO [...]
SUN TZU: Hold out baits to entice the enemy. Here is an interesting indicator that has developed among the stocks I watch and most likely is occurring elsewhere: Moving Average Baiting (MAB). As many stocks over the last several weeks moved up with the general market trend, most have made this move from a [...]
Give me 10 minutes with a trader and I can tell whether he is or will be successful and it has nothing to do with looking at his trading account. Finding a successful trader is as hard to find as a needle in a haystack. Why? Traders fail for many reasons but the main [...]
