The Offense and Defense of Trading

Trading is hard. This far-flung, never-ending electronic poker game serves up a mental challenge unlike any other. Anything can happen at any time. It looks like a numbers game but it's really a people game. The data are numbers but the information is in the relationships between, and the implications…

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Trading Emotions Echo the Past

A trader I coach predicted this as the best positioning for Brexit : Short the pound, short the S&Ps, long gold and short oil. This is John B. - a guy with 20+ years of very successful experience and a recent history of working on separating instinct from impulse through…

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Improving your Market Movement Calls

Price action in the markets is "the tell" - as they used to say. (It seems that is one of those words that has come and gone). But the problem is this said 'tell', tells you different things - it can be interpreted many ways. It is what is known…

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An Infuriating Scam …. trader abuse.

THIS JUST CAME IN AN EMAIL TO ME.... makes me livid. For now I have removed the header.... is it just the relentless rain? 1) Turn on the computer in the morning (9:15 AM EST) 2) Place an order at the "Bounce Line" 3) Make money 4) Turn off computer…

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Ted On Ambiguity

I woke up this morning, still thinking about ambiguity and my natural aversion to…. Well, mornings. After a cup of Joe and a slice of shingle with a shimmy and a shake, I set myself down the ponder: Ambiguity Coveted by politicians and poets… Distained by science and law. “political…

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Ryan The Peak

the peak n e a r i n g the snowy summit the comforts of the slow and steady climb slip away the air has changed gazing off the windy peak inside churns - excitement erupts voices clamoring to be heard Maslow entices me to take it to a higher…

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Allan – Ode To Ambiguity

To the melody of the Jungle Book's Bare Necessities, here's a little song about ambiguity aversion. Best sung with Louis Armstrong playing the original in the background! http://www.youtube.com/watch?v=MbUv_Tnnl2g Embrace the ambiguities The simple ambiguities Don’t chase every tick in every move Just face the unpredictability The financial markets’ recipe For…

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The ? They Aren’t Asking about “Flash Crash”

1. Was it purposeful? 2. Were specific orders entered that would "sweep the book" in PG, MMM and Accenture? Why those stocks? 3. Why 2:40 pm? Isn't that a suspicious time in terms of margin calls from clearing houses and expiration of limit down rules @ NYSE? 4. What kind…

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Analysis Session #1 for June Bull Put Spread

UPDATE TO POST "Joining the Options Counter Culture" 1. Nice to have a tutor in thinkorswim software ... better to have it be the same guy you drink margaritas at home with. 2. A put spread risks less than just buying calls. 3. I am actually bearish for May and…

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