As we cross the line into fall, we are going to start publishing a short end-of-week update. We'll share some of our thoughts on the current market environment--what you need…
Yesterday, a trader I have worked with a bit over the years (let’s call him M) pinged me with this real-money equity curve: (For the record, that's a pretty good…
My blog is well over 100,000 words, covering a range of trading related topics, and spanning more than a decade of writing. This is both good and bad. The good…
One of the features of financial markets is that they often react to new information with emotional volatility, and overshoot extremes. Understanding this element of price behavior can give us…
All traders struggle. For most, it’s a matter of getting through years of struggle at the beginning to see some consistent success. Some traders are unlucky enough to start at…
I want to share a few thoughts here on a recent project I’ve been doing, and maybe provoke some thoughts about creativity, discipline, and the importance of a structured practice.…
Cryptocurrencies are in focus recently. Bitcoin has fallen almost 50% from its peak, and the future seems far less certain than it did a year ago. We were able to…
Sometimes I think the world probably does not want to see yet another blog from me illustrating yet another basic pattern… but these “basic patterns” can be wildly profitable. You…
Looking at multiple timeframes of the same market (“multiple timeframe analysis”) is a common practice. There are many nuances to this approach, and many ways to use the information on…
Sometimes, it’s hard to know where to start. When we look at charts or go to the market for trading ideas, thousands of pieces of information compete for our attention.…
I’ve been thinking and writing a lot about uncertainty lately—and about making decisions with incomplete information. Over the past two years, we've all had to make decisions in an uncertain…
What happens if you miss a trade? Newer traders will often make a frustrated FOMO trade, and add a loss to what should have been a non-event. More experienced traders…
One of the interesting developments of the past ten years is the gradual death of the “life hack” approach. This is a good thing. The reason this movement has died…
I took part in an interesting exchange in a Facebook group last night, in which a trader was asking “should I buy puts or calls for the spy or qqq?”…
Summertime is here, and, as far as markets are concerned, it's been here a while. One of the characteristics of summertime trading is generally lower volatility and poorer followthrough. Summer…
One of the disconnects for new traders is seeing how patterns play out in the real world. When we learn patterns, we usually start from pristine, idealized examples. But in…