After reading Corey Rosenbloom’s The Complete Trading Course, there was one basic theme that I took away from the book: these days, there’s no excuse for your average every-day investor not to at least make an attempt to manage some of his/her own money. And I also couldn’t help but hope that many traders would immediately add Corey’s book to their … Read More
Move On After a Trading Session
In Buster Olney’s latest column he offers an interesting thought for us as traders: move on from a trading day. Into The Close and on The Open most traders are in a state of heightened focus. It would be exhausting to stay in this state all day. We would burn out quickly attempting to stay so intensely focused. Buster asked … Read More
Is Trading Your Passion? (a Quiz)
I’m often asked what I most look for in a future trader. I answer, “A passion for the markets.” I advise all who receive an invitation to join our firm to politely decline if you do not have a passion for the markets (they may have tricked us 🙂 ). I implore those considering trading as a profession to spend some … Read More
Delisting Stress
Traders can do themselves a huge favor by regularly engaging in stress reduction efforts. Some of these include regular exercise, good sleep habits, proper nutrition, leading a balanced life with interests outside of trading, stable personal relationships, meditation, biofeedback, and others. and then….. The main idea is to DO SOMETHING (the more the better) to inoculate oneself from extreme stress … Read More
Find the Setups That Fit Your Personality
“My style on the chessboard was a direct expression of my personality.” And then: “I believe that one of the most critical factors in the transition to becoming a conscious high performer is the degree to which your relationship to your pursuit stays in harmony with your unique disposition.” These quotes are from The Art of Learning: An Inner Journey … Read More
Which is the Better Stock to Trade? (Part II)
Yesterday we asked which was the better stock to focus on into the close: RIMM or MOS. We asked readers to start at the 3:15PM mark and offer their opinions. This was a real life stock selection decision to be made into the close. Some of our guys were more focused on MOS or even V and not so much RIMM. … Read More
Which is the Better Stock to Trade?
I was chatting with Lock It In into the close about stock selection. He was chirping one stock (chart below). I was in another (chart below), looking to buy more and was getting out of his. I should note I was in my stock and looking to buy more because Amazing Andy called it out. So its 3:15PM today and … Read More
First Control Your Risk
After the close a new trader shared his frustration with stop outs in FCX. His solution: ignore his predetermined stops for if the stock traded against him (let’s call him MC Trader). This is how you end up at a new job. MC Trader set a stop in FCX for 66c. FCX traded past this price but MC Trader did … Read More