Bob puts many hours into his trading in more ways than one. He studies the charts. He has spread sheets with inter-market correlations and spread sheets with his own
Those of us who don't learn from mistakes are destined to repeat them. Most traders are busy focusing on trying to understand what moves the market, but an equally
If you consider yourself to be a discretionary trader, even with 'rules', what does that really mean? The definition of discretion is the ability, the power, or
The recent big moves in APPL after the earnings announcement lead to a lot of bashing on analysts. People were screaming how could the analysts ‘miss that piece of
What’s really holding you back? You need to be honest with yourself when answering that question. In answering the above question, I suggest you consider the following: As a trader
We seek immediate comfort and try to avoid things that may bring immediate discomfort. Understand this basic principle that guides much of our thinking and behavior. Trading involves discomfort
I’ve been in NYC this week meeting with hedge fund clients, and also did a lecture at SMB Capital. Earlier today I was in a restaurant and overheard the line
Taking a pre-defined loss is part of the business. Exiting a winning trade and watching it continue to work without you is part of the business. Missing an opportunity is
Everyone talks about uncertainty, and many of you realize that the only thing that is certain in trading is uncertainty. The problem is that most people understand it on an
I’ve previously written about how trading is not about predicting. Trading is about creating a hypothesis or following an idea where we determine how much we are willing to lose
