I receive a lot of emails from people asking ‘How do I get the right mindset to really excel?’ Usually they want something for free to give them a taste of what they need to come out as a winner. While I love helping people, I do get frustrated, because usually, most of the things…
Interesting little flow chart from the folks at Huffington Post.
This is an excellent little piece on the need for noise management in trading. 1. Consider your source. Unless the source is unimpeachable, ignore it. Experts (and especially phony experts) are prone to the same weaknesses all of us are, of course. Philip Tetlock’s excellent Expert Political Judgment examines why experts are so often wrong in sometimes excruciating detail.…
Whilst driving home I had the misfortune to hear a market report and one of the reasons given for BHP rising against the tide today (a staggering 0.28% rise) is that iron ore prices are surging….. Interesting how a 31% collapse is seen as a surge. Journalists are so thick.
I posted a variation of this chart yesterday and I was thinking about it last night as to how people would interpret its relevance. I could construct a narrative that went along the lines of the market is congesting and therefore should opt for not adding to any of my current US positions. Alternatively I…
The shallow end of the market seems to be congesting. As does the fat end of town.
I have to admit I very rarely look at emerging markets since I regard and emerging market as any market that will send a hedge fund broke. However, these two popped up on a routine scan and I present them for interests sake only.
Not directly trading related but it does share some commonality with the traders journey. As we grow up, we share more of our life with our partners than with our friends or family. While I was lucky to have such an amazing girl, it was so sad to see many of my entrepreneur friends breaking…
Before I do a formal data run in an hour or so I thought it might be interesting to look at some interim charts. At our last Mentor Program get together I tried to instil that trading is a profession of listening and waiting. In my opinion it is not a profession of doing really…
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