Trader W Strikes Again!
Reading your work, applying it, monitoring myself, writing down my feelings, is really paying off. I am trading less, and making more money. This week and last week have been incredible.
Communique from Trader W
This is the advanced trader psychology of managing our psychological capital as carefully, if not more carefully, that you manage your cash capital.
Advanced Trading Psychology Course
...because a few have asked where on the blog they can find info yet I would prefer to keep the blog as a discussion, here is the link to the info on the new self-driven study course. http://traderpsyches.com/selfdirected.php A more complete description and the download of an introduction is available…
Proposed Trader Tax will end short-term trading
THIS WAS PASSED ONTO ME - but I also heard it from Eliot Wickersheimer Principal of Mirus Futures. I hadn't had much time and was thinking "oh they will add $5.00 or something to each trade" ... WRONG! http://www.foxbusiness.com/video-search/m/21948997/congressman-sounds-off-on-taxing-trades.htm#q=defazio According to what I have been told - here's impact on…
Gregg M., CMT at Morgan Stanley sent this….
Black Swan pattern confirmed ....
New York Magazine “Professional” Traders
Every now and then someone calls me and asks me to recommend a "prop" firm and now I can just send them to this article - Surfing the Tsunami, New York Mag, Feb 2 issue Evidently this is news to the magazine but from my vantage point, this is no…
The First Religious Ritual of 2009
...that is always how Fed afternoon strikes me. All of us short-term, high-frequency traders staring at the screens ready at least to watch the fireworks. Sometimes I find myself laughing at 2:14:30 Eastern time. Some of us love it (me) and some of us think it is insane (me too)…
Emotional Finance
If you heard the term, what would you think? to be continued ....
The Ascent of Money by Ferguson
This is a book everyone should read (even if this Economist link isn't exactly flattering). My virtual sister-in-law gave it to us for Christmas (trader/market shrink and economist/options trader in the house after all) and I am very glad she did. In these days of blaming the bankers and even…
Catch a bid
I have been wondering since mid-October when they were going to give in and do the basic thing one needs to do to stabilize a market - provide a deep-pocketed bid! In fact, I said it on the Cavuto show and have said many times since, until the Treasury starts…