All Entries in the "Trading Psychology" Category
Just Buy Something!
Huge up days in the market like today have amazing power. Ordinary investors love them, because everything they own goes up. Traders sometimes hate them though, because underperformance can be common….
U.S. Open Golf Can Help Your Trading
Last year during this same time I wrote a series on Trading and Golf to outline a number of lessons between the two games (yes, trading is a game!). So with the U.S. Open final round set to air tomorrow afternoon, no doubt it will take center stage for a great number of traders. [...]
Dip-Buyer Domination
The DJIA is going for its 15th up day in the last 16 sessions. That’s only 1 losing day in the last 3+ weeks! Have we seen pullbacks? Sure, but they’ve remained very shallow thanks to one phenomenon:
Dip-Buyer Domination.
There seems to have been an amazing amount of cash sitting on the sidelines [...]
Honor Thy Stop
Pit Bull by Marty Schwartz
There are a handful of trading books which I have read many times and keep returning to on occasion, including Reminiscences of a Stock Operator, and the Market Wizards series by Jack Schwager. I would also recommend one other book which is written by a Market Wizard, Marty Schwartz, [...]
Recovering From Losing Trades
As traders, we all go through stretches which are not-so-fun! But as they say in other realms of life, it’s not how you fall down that counts - it’s how you get back up.
One of my biggest losing trades came in EPIC a few years ago. The stock had some good momentum and [...]
