Tag Archives: execution

RE: THE MOST COMMON ERROR IN STOCK MARKET RESEARCH

Jeff Miller of Dash of Insight wrote a brilliant post on common research mistakes. It can be found here. He breaks it down into two things:  Selecting the Right Data and Comparison. Selecting the Right Data.  As the saying goes, if you torture the data for long enough it will tell you anything.  There is so muchContinue Reading

Post mortem of Mark Cuban’s post mortem on Facebook and the state of financial literacy.

(I talked to Mr. Cuban and he disagrees with what is below. Mainly that he never blames Wall Street. Also I edited parts away as to not take away from what is most important, the financial literacy problem. This isn’t about him or me it is about that and it was a distraction.) Mark CubanContinue Reading

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 madeContinue Reading

End of month bull market tendencies.

In bull markets there is a tendency to sell the end of the month and buy the first of the month. This is also a time when there is rotation among markets. We look at markets on a relationship basis. By looking at these relationships we can adjust our execution, be bigger or smaller orContinue Reading

Not failing is worse than failing.

Some types of failures are good.  If I continue to have the opportunity to fail than I am doing something right.  But there is good failure and bad failure.  Good failure is giving everything you have and it just not being enough.  Bad failure is not getting to that launch point. I go out ofContinue Reading

Difference between process and strategy.

I received a comment asking me to explain the difference between process and strategy. If I could talk to myself 8 years ago I would have a conversation with myself about process vs strategy.  I would spend 95% of my time on process and 5% on strategy and as I got comfortable with the processContinue Reading

Getting what you think about and what if your target is hit.

There are many thoughts that pop into your head throughout the trading day. Some are good and some are bad.  One thing to remember is that they are all helpful and provide insight to your internal barometer. You get what you think about.   If you are always thinking about not losing you are going to haveContinue Reading

Some more on entry timing.

Updated.  I got this question today. How do you personally get around from being “too early” or “too late” on an entry? There are a few things that have helped me get over missing a trade or “being right” and not making money. Opportunity vs profit. I thought the market owed me profits.  Now, I seeContinue Reading

The market isn’t predictable and it wouldn’t help you anyways.

I have known some great analyst. They spend hours and hours looking at charts figuring out good prices and reasons.  Trying to come up with that perfect equation/setup/risk free trade.  Risk free trades are expensive; they cost time, cost psychological capital, and require huge opportunity cost. They are easier to find from the inside notContinue Reading

Email: How much money do I need to start trading?

Letter from a reader. Hi Eli, I just read a few of your articles and thought I would drop you a quick email. I liked the analogy about getting through the forest as I think that is where I find myself now. I have been trading the S&P futures for about a year now onContinue Reading

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