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…
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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…
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…
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…
When will this rally end?
What everyone always forgets is that information does nothing to the market, orders do. Information can and does cause action but information is about the story. What does the market believe or what can you get the market to believe. Show a little bit in “your” direction and viola bias can be confirmed. Early experience….
What makes trading different.
My resilience and not taking no for an answer has allowed me to meet unique people. I managed to get one of the very first e-mini traders to be my mentor who learned from one of the best independent traders of all time. He probably wont like me telling this story but I remember him shaking getting…
This is my 531st post and the final one. Thank you.
This is my 531st post or half a day’s work for Joe Weisenthal. It has been a good run. I want to thank several people. First, the reason I started writing was because of Gary Vaynerchuk. The reason I have something to write is because of my mentors. I started blogging at www.mytradingnetwork.com and then…
Two types of confidence.
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…
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 @…
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…
