Its March 8th here, and we are in the middle of another huge snow storm. Helen went out to measure - 23 inches so far! That's a little over 58 cm. We want spring, not more snow. Even Asta is tired of all the snow. Oh, well. That's life in New England. … [Read more...]
Last Chance for Winning Trader Psych!
Starting Tuesday, I will teach my Winning Trader Psychology in 4 sessions (1.5 hour each session) with an in-depth understanding about what's crucial mentally for enhancing your trading and developing yourself to become the best trader you can be. There are still a few slots left. If you have been thinking about this or are interested in developing your mental game for better … [Read more...]
Higher Volatility
In the US markets, volatility has picked up dramatically. From about the beginning of the year to last week, volatility was contracting. I circled this area in blue. Many traders were complaining that it was hard to trade in the lowering volatility environment. And, it was! Volatility Affects the Mind, Too It really has been hard to make good trades--not impossible, of … [Read more...]
Day Trading: A Personal Lesson in Trading Psychology
Recently, I was in a live trading event trading the S&P e-minis. As always, I prepared for trading the night before. My nightly analysis indicated that I should look to play to the short side once the market rose and hit a higher level. In the overnight Globex market, the S&Ps rallied, but not all the way up to the level I was anticipating. Price action then … [Read more...]
Market Sells Off
We saw quite a dramatic sell off in the US Stock markets today. The S&P e-minis fell over 40 points. We were looking for a push down in our weekly game plan. It rallied a little higher than anticipated, but then we sure got a push down in classic trend day market action. Today's strong move down obviously changes the idea that the market would find support around 1490. … [Read more...]
