Trading

It was a Saturday afternoon in the summer of 1927, the place was Shibe Park, Philadelphia.  There were 35,000 baseball fans all shouting and booing one man.  Bob Lefty Grobe, who was probably one of the greatest left handed pitchers of all time, had just struck Babe Ruth out on 3 pitch balls for the…

I came across a passage from Thomas Henry Huxley regarding the game of life and how it relates to trading success. I thought I would share: “Suppose it were perfectly certain that the life and fortune of every one of us would, one day or other, depend upon his winning or losing a game of…

I just got back from Sunny LA.  I spent 4 days at Courtney Smith Futures and Forex boot camp.  While I have spent my entire trading career focused on stocks and options I felt now was the time to broaden my horizons and delve into the big boys playground of Futures and Forex. I may…

I came across a comment on one of the LinkedIn trading groups I am part of.  It was in response to a discussion on the difference between trading and Gambling.  I thought it was an excellent post so enjoy: “Investing is placing your symbols of wealth in what you consider profitable to you or those…

I went to Atlanta Georgia for a few days last week to go to a special closed door training bootcamp that my mentor Phil Town was doing.  I can’t say anything about what was taught as I signed a non-disclosure document and gave my word. Suffice to say that it was a very rewarding experience. …

There is a book sitting on my desk, where it always sits, only an arm’s length away.  It’s looking a little old and dog eared now, as it has been read so many times, and it’s spine is cracked and worn from being left open for reference.  That book is Rule #1. I remember my…

Below is an excerpt from an article from Psychologist Brett Steenbarger, author of The Psychology of Trading (Wiley, 2003) “It is common to hear traders assert that mental self-control is the key to stock market and futures profits….the reverse is equally true.  Staying grounded in solid trading rules and systems is one of the most…

I received a really great question this week and as suggested, I am answering it for everyone, not just the person who sent it to me.  It came in two parts – the first being regarding QCOR, and the second being ULTA. I will answer the easier of the two first – ULTA.  The question…

Would you say that trading success is more attributable to trading techniques or psychology? The answer is both, but the point where the two intersect is risk management. A huge percentage of trading success or failure can be laid at the doorstep of risk management.  Although it is only one of the pillars of success. …

A strange thing happened on the flight back from the UK.  We boarded as normal, taxied from the gate to the runway, then were told that we were turning around to have a mechanical issue looked at. Now I don’t know about you, but when a pilot says that there may be a mechanical issue,…