This blog entry was inspired by an article I just read by James Dalton, father of Market Profile. I often talk about the importance of context. In some of my
If you’ve read my other blogs you know about the dirty little secret in trading, and that it’s not the entries, but the exits that makes a trader consistent. And
I’ve previously written about how trading is not about predicting. Trading is about creating a hypothesis or following an idea where we determine how much we are willing to lose
I’ve wanted to write something about stress and trading for a while, and there are many directions I could go in. I decided to not go in the direction of
Take a moment to thoughtfully and honestly consider what is the greatest drag on your P&L. Is it the market itself, as in a chop, trend, or sideways? Is it
Most people enter trading with the idea that they are going to make a lot of money. In other words, they have high expectations. There is nothing inherently wrong with
I'm re-posting this piece due to popularity.... A few months ago I asked a friend who is a veteran trader and a former professional poker player for some advice before
In any competitive arena, whether it is trading, sports, poker, or others, waiting is often a very potent form of power. Waiting can come in many forms: waiting for the
As traders, we use charts, data, and logic to analyze the market and develop a strategy or trade plan, but in the heat of the moment, emotion can often take
A common trait among newer traders, or among traders that are not profitable is a need for perfection. With so much noise in the media, blogs, and forums about calling
