What is different and what stays the same? This is one of the key questions traders who trade on different timeframes or in different markets face. We often hear the…
Continuing from my last post, I want to explore how emotion influences our thinking and bias. Humans are not (purely) rational In my trading and investment work, one of the…
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…
In the face of recent historic moves in stocks, crude oil, bonds, and many currencies, it is a good idea to step back and think about a fundamental question: what…
Trading can be emotional. The market often has volatile moves and it seems new highs or the end of the world are just around the corner. In this environment, it’s…
Here’s a bit of a stream of consciousness post in response to today’s (5/13) market movements. First, these types of moves are often called ‘risk off’ moves because we see…
Creativity is, for me, right at the heart of our growth as humans. In this post, I’ll share some ideas for connecting with your own creativity and bringing the power…
One of the very positive advances over the past decade is the amount of attention focused on cognitive biases. We are, through the work of some gifted authors and speakers,…
So, it's January 14th and I'm writing my first blog of the year. There's an important lesson here: habit, momentum, and daily rhythm are important. I have come to believe…
In a Facebook discussion group I run, Dan asked if anyone was worried about the market. In this own words: I know you guys are robots who play the tape,…
In a previous post, I gave a look at my published swing trade record, with a title on the post of Trading is Hard! Let's revisit that concept, almost exactly…
Trading is ugly. Many of us, when we first get into the business, have the idea that the market will eventually be an ATM machine—you can sit down at the…
Many traders struggle with making impulsive trades. For some reason, we can create the best and most carefully crafted trading plan, review the patterns we intend to trade, and resolve…
I’ve been thinking a lot about failure recently, and I wanted to share a few of those thoughts with you today. It’s a little glib to simply say “failure isn’t…
I’ve had many discussions with traders in the last week in which I see a common theme: many people are very frustrated with this market. Many people feel very much…
This is a followup to my recent blog post on strings of losses in trading systems. I ended that blog with a promise to consider how the probabilities affected our…