Holiday and Trading Stress Holiday and trading stress can come together as a double whammy for traders. The holiday season is a time for celebrations, gifts, well-wishes and good cheer. It’s also a time of heightened stress. For many traders, who already feel lots of stress, the holidays can feel doubly difficult. It you would like to learn more about stress around the … [Read more...]
Wyckoff Spring Lesson
Was it a Wyckoff Spring? Was it a Wyckoff Spring? That was the discussion in yesterday's post. Because of the combination of Wyckoff principles that were setting up in the structure of the market, I expressed doubt that yesterday's daily trading action in the S&P e-minis represented a sound Wyckoff Spring. Those doubts were confirmed today in spades as you can see on the … [Read more...]
Trading a Wyckoff Spring
The Wyckoff Spring is difficult to trade when the market is falling like it did today," wrote one trader in an email after the close. He asked, “How do you do it?” The Wyckoff Spring is one of my “bread & butter” trades. I look for them all the time. In the few markets I trade, I know there will be at least 2-3 Wyckoff Springs setting up each week in each market. It’s a … [Read more...]
A Wyckoff Spring?
"Is this a Wyckoff Spring?" a trader asked about today's trading in an email. The market fell sharply lower, then quickly rallied to close near its highs. As it did so, it created a Wyckoff Spring. The Wyckoff Spring is a setup that occurs when a market dips underneath its last swing low, turns around, and then rallies to close back above the swing low. (You can find more … [Read more...]
When You Fail to Follow Your Trading Process
Fail To Follow Your Trading Process and Degrade Your Trading Edge Here’s what can happen when you don’t follow your trading process. As all traders should understand, trading is largely a game of probabilities. To be successful in any game of probabilities (think, casinos), you have to follow a process. It is by following your trading process, for example, that you take the … [Read more...]
