In the last installment of my series, Seven Lessons I’ve Learned, we will cover a part of investing and trading that can change how everything else works: the mental game. Like with any peak performance activity, the absolute top performers have gotten there through developing both their skills and also their psychology and mindset. Peak performers are the kind who … Read More
Proper Preparation
Every morning before the market opens I review the list of my top trading ideas. Recently, they have mainly been long ideas as the market is a raging bull. But I’m always armed with a few shorts in case the market decides to come in. One of the great pluses of being a short term trader is that you can … Read More
Mental Capital
I have been talking a lot to our traders recently about properly allocating their mental capital. What do I mean by this? Each stock we look at as a trader will offer a certain amount of opportunity each day. If a particular stock is likely to offer far more opportunity than another then all other things being equal the traders … Read More
Mental Flexibility Is A Prerequisite…
Yesterday our Best AM Idea was to short AMZN for a potential 4-6 point downside move. AMZN had failed to participate in the tech rally during the last week and seemed to be setting up for some serious downside. I got short at 117 and caught about 1.5 points of downside. The volume wasn’t great so I was somewhat suspicious … Read More