10000 hours, trading, and what really matters
This is the third, and last, post in a series of three posts that started by looking at the 10,000 hour fallacy and the importance of deliberate practice. Those posts…
Building expertise: beyond the 10,000 hours
This post is a followup to my recent post which looked at Malcolm Gladwell's 10,000 hour fallacy. That post focused on what is wrong with pop science soundbites. This post…
There is no 10,000 hour rule
Have you ever heard someone say they are "working toward their 10,000 hours?" I'm sure everyone reading this has heard of the "10,000 hour rule": the idea, drawn from Malcolm…
Thinking two steps ahead
It's easy to understand how there might be a pattern in the market that shows we have an edge or a reason to put on a trade. Maybe some combination…
Sector movements
Here's a perspective on recent sector action with a longer-term context. I find movements on this type of chart can give good insight into flows and developing relative strength:
What should you expect after a big drop in stocks?
We've had a very large decline in stocks this week. Depending on what index you use and how you measure, it's the biggest or one of the biggest in the…
Handling strings of losses
I got a good question in my inbox yesterday from a reader, Dave: Last month I made almost 2% (which is great), but this month I've already lost 5% (which…
Chart of the Day: Markets Under Stress
Looking at day-to-day changes in markets on a volatility-adjusted basis can quickly show themes and stresses that we need to consider.
Stock screens for trading day Thursday 10 August 2017
I've shared these screens for a while, and they will eventually be part of the new MarketLife project. Until we're live there, I'll keep sharing them here. Here is a…
Video blog: how to use the stock screens
https://youtu.be/jD4L12m5xXA
These things will happen to you
Trading is great—you’ll have no boss, can work whenever you want, and make boatloads of money! (Or so the email I got from a MLM forex scammer this morning tells…
Choosing the best pullbacks
Trading is a game of choices. Over time, we hope to make more good choices than bad. Sometimes, the choices are obvious: control your risk, take disciplined trades, be mindful…
I need your help! A call for logo submissions
If you read my previous post, you know that I'm in the final stages of launching a new company and slightly new direction for my business. I know that many…
Reader question: how can it be random?
I received a good question from Gareth this morning: "Your book is one of my top sources in trading literature, though there are some ideas that I find it difficult…
Coming soon… a new way to teach
My blog hasn't been very active in recent weeks, but we've been hard at work behind the scenes... and I have a few big announcements and some exciting things coming…