Whether or not you think the market is rigged, as an individual trader you are more likely to lose money than not (with everything else being equal, which it is not, you lose out on the fees). So your “advice”, like most trading advice, is simply an exercise in nacrissism and self-delusion, aimed to promote… Continue Reading
Monthly Archives: April 2012
The contradiction in trading rules and advice.
Teaching is hard. I look back on what I did to my parents, my teachers, and coaches, they had some serious patience. They must have used a bunch of energy trying to get their points across. And of course my personality and lack of experience got in the way. One of the hardest things for… Continue Reading
Don’t be this “trader”.
I was just talking with a “trader” here is how it went. “The market is rigged” “What do you mean, give me an example?” “Well I was trying to be long at X price and it did not trade my price.” “Ok, so the market cared about your 1 lot order?” “Yes.” “So in a… Continue Reading
16 ways high level athletics is like professional trading.
Professional trading is like high level athletics. Scarcity There are not very many professional trader or high level athletes. A trading account does not make you a professional trader and a jersey does not necessarily make you a high level athlete. Loneliness Because most people will never be a professional trader or a high level… Continue Reading
Don’t let data f@#% you.
Data and information are like air. It is everywhere and we need it to survive. Just like in every breathe we take we have a chance to do what we want with it, data is no different. Anyone can manipulate any data and make it say whatever they want. The tools we have today to… Continue Reading
Logic verses understanding.
I was 18, surrounded by guys I did not know, in a city I was unfamiliar with, away from family and friends for the first time. The coach that recruited me had left almost immediately after I decided to play football there. I knew the coaches and I knew some of the guys from All-Star game and… Continue Reading
Sushi and trading.
I recently watched Jiro Dreams of Sushi. As I am watching the movie, it is like watching myself in different stages of the things that I wanted to accomplish. The movie is only long enough to show the end product but there were times when he struggled. Or times that he had to take extreme… Continue Reading
How expectations will destroy you.
In most things success depends on knowing how long it takes to succeed. – Charles de Montesquieu That great quote came across my twitter feed from @PhilosophersSay via @eminiplayer. It best sums up expectation and is extremely useful in trading. The most simple thing I can say about expectations in trading is that at first you… Continue Reading
50+ famous quotes adapted to trading.
I have posted this a few times before and always get some interesting feedback and reader comments. As traders we are always trying to find some lesson or quote that we can relate back to trading. It is never the same as experiencing it for yourself but it is less costly. This is my way… Continue Reading
Holiday Market hours for Good Friday.
For Equity Products: Thursday, Apr 5 1515 CT – Regular CME Globex close for trade date Thursday, Apr 5 1530 CT – Regular CME Globex open for trade date Friday Apr 6 Friday, Apr 6 0815 CT – Early CME Globex close for trade date Friday Apr 6 Sunday, Apr 8 1700 CT – Regular… Continue Reading
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