Should we seek to be happy all-the-time as a trader? No, says the research. Eric Barker, at his Barking Up the Wrong Tree blog, asks a question: “Should we try to be happy all the time?” It’s a good question and he answers it with one word: no. Now, he isn’t knocking happiness. He’s only pointing that context matters and … Read More
Art Therapy for Your Trading
I received an awesome email teaching me about an interesting concept for our trading: art therapy. I thought I would share it with the trading community. Last time on your webinar you asked what is art therapy? It’s kind of like when a kid goes to a child psychologist and in order for the psychologist to figure out what’s going … Read More
Do You Pick Bottoms and Tops?
Good afternoon Mike, I read One Good Trade, and I pre-ordered The Playbook so I could get some additional insight into professional trading. I saw quite a few references to buying the support plays or selling the resistance plays, and I was wondering about the strategy, so my question is overall do you try to buy the low or sell … Read More
How to Prevent Back Pain as a Trader
Hello Mike, What is your advice regarding your back health during work? Doing so many screen time requires a lot of sitting, what is your experience and your partners in preventing back issues to have longterm career? I read your book, watched all webinars I can find ,read blog ( but only general topics ) and I dont remember you mentioned that,so assume your back is … Read More
How Do You Determine How Far a Stock Can Move?
Hi Bella, I have a question. I noticed in one of your blog posts a comment from one of your traders during trade review. Specifically it was a statement anticipating somewhat of a certain length move based on daily avg volume/relative volume compared to ATR. Now, I realize there are many things that move a stock- but my question … Read More
The Wicks Win ($WAG)
One thing I always try and remember when running a firm is this: trading is not very easy. The margin of error can be slight between great trade and stopped out. The trade below is a spot on example. I love how this trader keeps a PlayBook and then has taken the time to ferret out A+ trades from his … Read More
A Reason2Sell in $EPXR: Identifying Breaks in Stock Uptrends
This week I’ve written a series of posts on ways to exit your winning trades. We have discussed exiting because of a Time Stop, if an important intraday level is established, and when a stock hits your target. Today we will highlight another example of a Reason2Sell: if a stock breaks the uptrend. If a stock breaks the uptrend this … Read More
Earn the Right to Make Profitable Trades
The Daily Show with Jon Stewart Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook Tom Coughlin, Coach of the New York Giants, shares in this video that preparation is essential to earn the right to win. In One Good Trade, one of our seven fundamentals is Proper Preparation. Coach Coughlin pounds the table … Read More