This originally appeared in January 2011. Be careful how you use the following words and phrases. Should- Phrases include: “The market should have” and “I should have”. Those phrases are often used to socialize losses. They are a strong signal something is off. They should be used to aid you in correcting your vision not…
Tag Archive: brain
Resting orders, trading plans, and intuition/fear signal crossing.
Originally appeared November 2010 I have had a nice email exchange over the past week. Originally we had talked about pulling the trigger, I asked him to send me his trading plan. In addition he asked me my opinion on resting orders. A plan is only as effective as your ability to accept the consequences…
How over trading develops into a problem.
There are a few things to consider when analyzing how much you are trading. For me it is volatility and efficiency. There is nothing I can do about volatility but efficiency is something I look constantly. If you do not look at efficiency you are always prone to the following problems. False sense of risk. Every trade has…
3 things that will kill your trading success.
Threetthings that will kill your trading day, week, month, or career. No one believes me that almost all of the days are the same. My perspective is a little different 6 plus years later because I have had more days, but the following has served me well. Not having a plan. Get a plan, who…
7 Dirty Words of Trading
This originally appeared in January 2011. Be careful how you use the following words and phrases. Should- Phrases include: “The market should have” and “I should have”. Those phrases are often used to socialize losses. They are a strong signal something is off. They should be used to aid you in correcting your vision not…
Randomness and markets.
We get random wrong. I lose several times a day and have lost thousands of times in my career and hopefully will have an opportunity to lose tens of thousands more times. In order for me to continue to trade I have to rationalize the losses. Some are losses and some are mistakes, some are…
