First if you haven’t read it check out David Blair of Crosshair Trader recent post. The infographic and explanation is one the best I have seen that maps out the difference between struggling and successful traders. Welcome back. David’s post along with a conversation I had with someone who is trying to become a trader made… Continue Reading
Monthly Archives: March 2012
Cycle of Trading
This is the process we use when executing a trade. As you get better the time it takes in each sequences shortens and becomes second nature. We would really appreciate your feedback, if you like, hate, or think we are full of crap. Please leave a comment, a voice mail (312) 725-9121, email info @… Continue Reading
Do you care about sinking if you know you can swim?
Have you ever seen two people in the same situation act differently? With trading futures this is really evident. Only one side gets to make money. How a person handles sinking (losing money) will help shape what they become as a trader. The second thing that my mentor every told me was learn how to… Continue Reading
Waiting for the market to make sense.
There seems to be an ever increasing chatter about how the market is going to revert to the mean or it is broken or it is undervalued. Whatever it is let me remind you of two important ideas that are found in about any book you will ever read around finance and investing. The market… Continue Reading
Misplaced focus.
One of my best friends from high school thought he was Deion Sanders. After playing football together for many years our list of pre-game superstitious and rituals were lengthy. It was a production. Finally a coach stepped in and the madness came to an end. Habits can form for little or no reason but end for a… Continue Reading
Giving yourself a chance to become a successful trader.
From the archives I was just talking to another trader who was having trouble pulling the trigger. Assuming you have taken the necessary steps; having the money to lose, having a plan, can maintain discipline, and willingness to learn about yourself, the market, and the relationship between the two. The next step is to do… Continue Reading
The trading curve.
Fred Wilson, of AVC.com, has a good quick post about the start up curve. Trading is entrepreneurship without the bullshit. No employees and no clients. I really like this visual because if you turn your head enough it looks like a face hitting the wall. Not sure if that was intentional but that is how I would… Continue Reading
What speaking to a group of children reinforced about life and trading.
A couple weeks back I had the opportunity to speak to children from the Chicago Public Schools. Another chance for me to attempt to remove my ridiculous and irrational fear of public speaking. I thought maybe they would remember a story I told or maybe something I said. Motivation and writing a blog are very… Continue Reading
My experience at South by Southwest Interactive.
Austin is an awesome city. People are nice. It is a metro area but I would not be surprised to see a tumble weed going down the streets either. If you are into tex-mex and BBQ the food is great. The drinks and the ambiance of the restaurants and bars is unique. There are a lot of companies moving… Continue Reading
Examining the latest viral chart: What if bonds and stocks are both right?
It is often noted that bond people are the smart ones compared to stock people. I am guessing that is at least in part because they are “usually” right. And by right I mean have more money, less competition, and time horizons are a trading lifetime. Think Buffet. So there are few things that I… Continue Reading
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