Tag Archives: money

The search for something comfortable.

Trading and life has a way of relating to each other. Those that are in pain have one thing in common. Their first instinct is to seek comfort.  I know this from my own experience.  I have waited to have the tough conversation.  I did not stop my behavior or their behavior. I was notContinue Reading

CME Group action late but at least is something.

I have not seen everything in the futures industry but I have enough perspective to know that the MF Global was a big a deal. I am not sure why the CME has not come to restore some faith.  I have always seen the CME as having “midwest” values. To help your neighbor if youContinue Reading

Important lesson for new and newly successful traders.

I don’t necessarily like to talk about clients, but I think this is an important lesson.  Also know that I am talking about it with his permission. One of our core values in our trading group is that we do whatever we can to help each other, like this blog.  Every member is at aContinue Reading

Would you watch your ex-girlfriend making out with her new boyfriend? h/t @gtotoy

The always wise @GTOToy made a point and it should be emphasized. There is no doubt in my mind as a trader you have to be somewhat of a masochist.  There are many potentially painful moments.  There are rarely days that I can go back and say I did it perfectly.  That is ok, you do notContinue Reading

Thoughts on Gasparino/CME rumor.

When the MF Global thing happened I knew there were going to be changes.  After talking to owner of a big IB the other day, I sensed his need for overall stability.  As in, this cannot ever happen again.  I remember in 2008 many traders using their account as a bank.  At that time weContinue Reading

Dangers of trading in small and distributed days.

There is danger in every type of market but nothing scares me quite like small and distributed days.  Here are the dangers as I see it: Boredom: I lose that sharpness.  Watching a market trade in a few dollar range is one of the more painful, energy sucking circumstances in trading.  It provides a very false senseContinue Reading

A couple things on today’s NFP.

I have seen economic releases play out every which way.  I see economic releases as a way to get things done sometimes with logic and sometimes none.  With that being said, there is important information that can be learned from it. As of 6 AM CT, the ES is trading around 1258, right near theContinue Reading

Is the trend really your friend?

From the archives. If you are the least bit familiar with my work, you know I hate these phrases. “The trend is your friend”, is probably one of the most commonly used of all of these phrases. It seems very logical, a good story and easy sell. Plus it rhymes so it must work, right?Continue Reading

5 words in trading that are bull&!#%

There are few words that get thrown out a lot that do not share the same context as their everyday counterpart. Consistency–  if anything other than your process is consistent you are looking at it the wrong way.  If you are consistently making the same money everyday and the market is changing you are doingContinue Reading

Getting the most out of each lesson.

The benefit of trading and life is that the same lessons can be applied to each other. Truths about life can be slightly shifted to relate to trading and vice versa.  You are constantly needing those lessons. I was just talking to another trader who was having trouble pulling the trigger.  Assuming you have takenContinue Reading

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