Unless you change what comes out of your mouth, and what has taken root in your mind, you’ll be stuck exactly where you are now… forever. Successful traders are ludicrously intolerant of excuses. Their own, and others. When I was broke, I used to spout drivel about why it wasn’t my fault. One day I…
I was sent an email during the month. Here is a direct quote: “It’s nice that you’re trying to show women how it’s done, but it’s clear you’ve been riding on Chris Tate’s coat-tails for years. He’s the brains behind the operation.” Keep in mind that this is from a person I’ve never met, has…
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I receive a lot of emails from people asking ‘How do I get the right mindset to really excel?’ Usually they want something for free to give them a taste of what they need to come out as a winner. While I love helping people, I do get frustrated, because usually, most of the things…
Interesting little flow chart from the folks at Huffington Post.
This is an excellent little piece on the need for noise management in trading. 1. Consider your source. Unless the source is unimpeachable, ignore it. Experts (and especially phony experts) are prone to the same weaknesses all of us are, of course. Philip Tetlock’s excellent Expert Political Judgment examines why experts are so often wrong in sometimes excruciating detail.…
Whilst driving home I had the misfortune to hear a market report and one of the reasons given for BHP rising against the tide today (a staggering 0.28% rise) is that iron ore prices are surging….. Interesting how a 31% collapse is seen as a surge. Journalists are so thick.
I posted a variation of this chart yesterday and I was thinking about it last night as to how people would interpret its relevance. I could construct a narrative that went along the lines of the market is congesting and therefore should opt for not adding to any of my current US positions. Alternatively I…
The shallow end of the market seems to be congesting. As does the fat end of town.
