Is your trading boring? It should be.
[dc]I[/dc] distinctly remember my first trades: the months of fevered study and preparation, the excitement of filling out those first brokerage forms, getting the first statements in the mail, and…
Some challenges for technical analysis
[dc]M[/dc]y blogging this week turned into a bit more of a stream of consciousness exercise than I'd expected; I needed more words to make fewer points than I'd hoped, and…
The dark side of technical analysis
So, after laying out the early steps and missteps of my trading journey (here and here), I left you yesterday when I was a technical analysis junky. Let's begin there,…
Not all those who wander are lost… but I was!
Yesterday I wrote a bit about my path to becoming a trader, focusing heavily on my background. That post might have been pretty light on application and concrete market tie…
And this little piggie… had an exit plan.
[dc]M[/dc]any years ago, a friend of mine shared an encounter he had with a successful investing club. This club was not like many of the others—they didn’t pool their money…
Keys to Mastery
[dc]I[/dc]n a post last week, I talked a little bit about the kind of commitment and emotional charge that I believe it takes to truly excel in any field. Whether…
Reader Question: Advice for Newer Traders?
[dc]I[/dc] recently received a few reader questions asking the same thing: what would my advice be to new traders? This is an important and daunting question (and I've written on…
The Rage to Master
[dc]B[/dc]efore I was a trader, I was a musician. In my career as a musician, I discovered the value of teaching—that I enjoyed teaching, I was good at it, and…
Improve Your Mental Game
[dc]I[/dc] had an interesting conversation a month ago with Ian, a trader who I mentored a few years back who has continued to work on his trading skills and now…
Five Things You Can Do Today to Improve Your Trading
[dc]A[/dc]s we all know, the road to trading success is a long road, and the path is not at all straight. To achieve some degree of competence can take years,…
What Do You Believe?
[dc]I[/dc] want to share an important exercise with you today. The journey along the path to trading mastery can be difficult because it requires some conflicting skills—on one hand, you…
How Good Is Your Plan?
[dc]W[/dc]e've all heard sayings like "to fail to plan is to plan to fail" and "plan the trade. Trade the plan." These are catchy sayings, but, ask yourself, how good…
Trading the Rally in India
[dc]T[/dc]oday I want to take a look at the recent move in India's stock market. I will discuss how we traded it (and signaled the move far in advance) in…
Charting by Hand
Today, I want to write a bit about the value of keeping charts by hand. I've written on this topic before, but I think it is so important it's worth…
Reader Question: Timeframes for Daytrading?
[dc]R[/dc]eader Wei asks: From the examples in the book, you are clearly a long term trader using daily and weekly time frames. But what combination of time frames would you…
Reader Question: Using the Level 2 and Screentime
Reader Tom sent me a note: "I am hoping you can help me. I set a goal for myself in 2013 that I would study the Level 2 Screen. I…