The Worst Thing That a Daytrader Can Do
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…
Are You Feeling Lucky?
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…
Creativity and Getting Unstuck
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.…
Life hacks and learning to trade
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…
Are you asking the right questions?
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?”…
It’s Hard to Learn from the Market
How do we learn? For most things, a pretty simple plan works: do something and evaluate the results. Make some changes to what you do, and see how the results…
Happy New Year and a Peek at What’s Ahead
As history will remember, 2020 was a strange year, to say the least. While it might seem that, with everyone more or less staying home and shutting out social interaction,…
2020: Looking back, looking ahead
What a long, strange year 2020 has been. It’s too early to write any kind of meaningful retrospective, but I think it’s fair to say this has been a challenging…
Thinking about thinking: lessons from the coronavirus
It’s been a rough few months for all of us—everyone, all over the whole world. I want to share a few thoughts on the coronavirus epidemic, politics, and what this…
New podcast episodes
Just in case you missed them, I dropped two new podcast episodes this week! The first, an introduction to the second season of the podcast, and some general comments on…
Make your own disinfecting spray
This might be a little off-topic, but I think it’s actually very on-topic. With most of my readers probably working from home due to the 2020 coronavirus outbreak, we are…
What’s new with me and my work in 2020
I want to share some things Tom and I have been working on over the past year, and tell you about some exciting things that will be coming this year.…
New Year, New Decade, New You?
I started this blog post on the day with the longest night of the year, and it’s taken a bit longer to get finished than I expected! So, here’s a…
What to expect here… soon
As we slowly move out of summer and into the end of the year, you’ve probably noticed my blog has picked up in activity. I want to share some things…
A trade a day: free video
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Market Stress Index: Introducing the MSI
There are many tools out there that attempt to quantify the emotional extremes of the market. When we created one, we had one goal: we wanted it to have an…