MarketLife Ep 8 – The Trader’s Journey (part 1 of 2)
This episode of MarketLife looks at some of the things that stand between beginning traders and success. What can you do to make your chances better? What are the challenges…
Watch for a US Dollar fakeout
Markets move in alternating waves of with-trend strength (or weakness) interspersed with moves against the trend. We call these moves pullbacks or consolidations, and they create some of the most…
Dealing with setbacks
If you are an individual self-directed trader, expect setbacks and failures, especially in the first two years. Expect that your triumphs may be promptly followed by dramatic failures, that you…
MarketLife Ep 7 – Is trading ethical?
This episode of MarketLife answers a reader question: I have extracted the following from chapter 3 of Napoleon Hill's Think and grow rich. It is part 5 of the Self…
What happens after a big down day in stocks?
So the stock market sold off hard yesterday. If you were living under a big enough rock you might have missed it, but now the doom and gloomers, the technicians…
The most important question you need to ask
I spent an hour a week ago talking with a very experienced stock trader. This guy has made a lot of money, but he's made it while fighting a strongly…
MarketLife Ep 6 – Creativity: living a creative life in the modern world
This episode of MarketLife switches gears a bit, and looks at creativity. How can we cultivate creativity? How can we find creative possibilities that others might miss? How do we…
Video blog: using the daily market stats
An in-depth look at the intraday market stats page on this blog, with some ideas for using these stats to enter and manage trades. This is not just a tool…
A look at global relative strength
Where do we start? It's easy to get overwhelmed with the number of assets and markets in the global marketplace. Are you looking at everything you need to? Do you…
MarketLife Ep 5 – Trading, investing, and gambling: playing the odds and how to do it
This episode of MarketLife looks at trading, investing, and gambling, and how people try to put the odds in their favor. Everything we do in financial…
The S&P 500 setup heading into the Fed meeting
[This post was originally published on SeeItMarket.com, here. I have added some comments at the end of the post to update following yesterday's action. Despite the fact the market rallied…
Currency matters
Many traders have noticed the recent, impressive run in European stocks, and specifically the strength in Germany. Take a look at the following chart: However, as we all know, the…
A new tool to measure trend strength: the Grimes Efficiency Ratio
Is a market trending or not? Even this simple question, which is at the heart of most of our thinking about markets, is not easy to answer. Definitions of trend…
MarketLife Ep 4 – Things people trade and… why don’t you have a cup of tea?
This episode of MarketLife continues Episode 3's discussion of the markets and asset classes people trade and invest in. Markets for trading and investing (Part 2) Currencies Currencies can be…
Visualizing USD trend strength
The US Dollar is in a trend of historic proportions; the strength and rapidity of its advance has shocked many other currencies as they scramble to adapt to the new…
MarketLife Ep 3 – Things people trade and meditation
In this episode of MarketLife, we look at some of the things (markets or instruments) that people trade. (In the introduction to the podcast I said we'd get through more…