Tag Archives: money

You aren’t missing out.

I went to a small high school in a small town in one of the least populated counties in Indiana. I graduated with 67 people.  One of which was my step brother.  I dated the same girl off and on for 5 years.  I am not certain she wanted to get married but I knowContinue 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 toContinue 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 extremeContinue Reading

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 gettingContinue 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 toContinue 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 doContinue Reading

Money is an imperfect feedback mechanism.

My first day of trading, I made about $670 gross. $450 net.  I had been placing trades through my mentor and making some money.  When I finally had the opportunity to place a trade for myself, I went crazy.  I somehow made $450.  I did not think about how I made the money.  I knewContinue 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

The worst thing that can happen to a trader….

There are obviously things that are more important than money.  Family, friends, your health, your dog, maybe even your cat (that is pushing it).  But the worst thing a trader can do is forget their objective, to take what the market gives you in money and learning.  In other words, make money today or tomorrow.Continue Reading

How patience held me back today.

Patience with a reason pays. Doing anything with a reason pays. Yesterday, there was not much to do. I traded 7 a side.  I never got a chance to get a full position.  I made a little money but it was not in a repeatable way.  Meaning it could have gone either way. I saveContinue Reading

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