Selling Because The Market Can’t Rally
The Other Trader (3)
In recent months we looked at a number of metagame examples – trading at places where the "the other trader" feels extreme stress or fear. You'll find some of these articles, if you missed them, here, here and here. Today, I thought we could look at another one. Because I just LOVE these setups….
Not All Sessions Provide Equal Opportunity
On Thursday morning I woke to find two emails somewhat related to the same topic – the challenging trading conditions we’ve experienced so far this week. So my first thoughts were to expand upon a topic I shared via social media a bit over a week ago. Because I know that only a small fraction…
Do No Harm
There is a principle within the field of medical ethics which is often expressed through the phrase, "First, Do No Harm". To simplify the concept, it means that we should ensure that our decisions and actions do not contain potential for harm which far outweighs any potential benefit. I like this principle. It's useful…
Your Number One Priority… Survive the Learning Phase!
Before you even think about strategy… Reduce the risk of single trade catastrophic failure. Stop losses are essential. If you think you can operate without them, leave my site now. Unsubscribe. Professional traders respect the risk within the market. If your platform does not allow for automatic submission of stop loss orders when your entry…