Learning from failure
There is a certain amount of failure we need to experience for psychological growth. This level of failure varies from person to person depending on several factors, such as drive,…
Trade Like A Navy SEAL
Fear can strike in the market just like anywhere else in life and when it does, the amygdala is in high gear. Irrational thoughts and negative self-talk begin to kick…
Complexity Bias
In the trenches of the markets we make decisions on a daily basis as to whether and where our capital is put to work. Perhaps the decision is something as…
Accountability vs. Naivete
I've dealt with my fair share of losers both in the market and in life. At the end of the day I'm the one that made either the initial decision…
Enough!
We all have our ups and downs but it's those times when the downs appear to lack a bottom that can keep us from being a profitable trader. Just like…
Trading Funk: Vulnerability
The recent market action has no doubt raised concerns for many and perhaps brought about flashbacks of 2008 for some. It's times like these where seasonality, mean reversion, short-term indicators,…
Moneyshow Video: Why Traders Fail
This past July I was asked to record a few quick videos about the market for the fine folks at the MoneyShow (aka Trader's Expo). Here is one of those…
How To Kill Your Trading Career In 4 Easy Steps
Trading is like any other skills based activity in that it takes time and practice to become proficient. There are no short-cuts, at least none that lead to longevity in…
It’s not about the money left on the table
July was one of those cycles that served as a gentle reminder of why I trade the way I do. Most people would never take a trade where they risk…
Trading Funk: Stress
It should come as no surprise that trading is a difficult profession. It's even more difficult if you're not wired correctly to deal with the side-effects of market/portfolio swings, time-frames…