Trump Trading Tactics

Those that have trained with me know I like asking that question: what is the market trying to do? I cannot remember where I picked it up. I think I overheard another trader saying it one day a long time ago. The idea, well my idea at least, is to stop you from getting too caught up in your own …

How to be Successful

This video with guitarist Steve Vai has some good insights and some amazing parallels with trading.

Trading Luck?

By being open and embracing the opportunity, she created her own good fortune.

Trading The Obvious

In a recent update we looked at a spread trade in Corn, citing the upside move was overdone and the spread had the potential to narrow dramatically. See here. Over the last few weeks, the spread has done exactly that. This illustrates a very interesting point – unexplainable or extreme moves are often followed by very obvious moves. As traders …

What are the trading rules you live by?

Here is the answer to the question from Paul Tudor Jones in Market Wizards. Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that …