The early bird… gets stopped out a lot
One of the themes I've written on recently is that we need to be careful how we think about trend change and end of trend patterns. I think too much…
Reader questions: order types and rules
Dave asks: "Can you talk a little about order types? Market, limit, and stop orders? Do you work your orders overnight? Do you ever cancel like a stop before it…
The homework rule
I've written a series of short posts this week on simple trading rules that can make a difference. I've tried to make this as broad as possible, so that they…
The “why” behind my firm: Waverly Advisors
Earlier this week, I sent a note to my email subscribers in which I shared a few thoughts about blogging, the fascination of financial markets, and about my firm, Waverly…
The discipline rule
You have to be disciplined to trade successfully; we all know that, and it's one of the few pieces of trading advice that might apply universally. No matter what your…
Getting that elusive market feel
This week, I'm writing a series of short posts on very practical, applied things that you can add to your trading toolkit. I'm trying to select these so that they…
Adding to positions: a simple rule
I want to share a simple rule that has worked well for me over the years. I'll explain the how and why, and then wrap up with some thoughts about…
Mailbag: moving off the simulator, how to think about influences, and more…
I have a little pile of reader's questions here, so let me just get to them. John asks: "Should I use stop or stop limit orders to protect profits and…