Dr Gary Interview Earlier this week, I was interviewed by the nationally syndicated Market Wrap radio host, Moe Ansari. We discussed my new book, Trade Mindfully, and the psychology of trading. Moe has been covering the markets on Market Wrap for 25 years. He had some insightful questions he asked me regrading trading psychology. You can hear my interview by clicking on … [Read more...]
Commitment Wins!
Several days ago, I wrote a post about two climbers—Tommy Caldwell and Kevin Jorgeson—and the incredible commitment they were displaying in climbing the hardest rock climb in the world. I am happy to report that these two intrepid souls completed their historic climb, topping out today. After 19 days of living in the vertical environment of El Capitan (and, yes, without shave … [Read more...]
Review of Trade Mindfully
Trade Mindfully Reviewed by Brenda Jubin Brenda Jubin of Reading the Markets has written a review of my new book, Trade Mindfully. It's a good review: From Brenda Jubin at Reading the Markets: It’s impossible for me to write a reliable review of this book because so far I have merely read it and haven’t done it. And, as Gary Dayton stresses, it is not enough to readTrade … [Read more...]
Market Action Today
Today's Market Action--Surprising? The market action this morning may have surprised some traders. We saw the market start to rally strongly after putting in the January 6th low. I had emails from more than one trader saying that this rally looks very similar to the push off the mid-December swing low. They argued for new highs. I have been doubtful about that. A few things … [Read more...]
A Trader’s Question from the Community
A Trader's Question Kate, a trader, asks a really good question regrading the last blog post (see that post and Kate's question here). She noted that I was looking to sell yesterday around the 2010 level, but since the market moved higher, would that need a re-assessment? Let's take a look at how to treat areas like this. Identifying a Key Level The 2010 level was the … [Read more...]
