In the free webinar I did last month, I talked about the concept of comparative strength and weakness. The potential for a market turn increases when the three main US markets (S&Ps, Dow, Naz) fail to remain in sync with one another. I think that is likely happening now. The Dow Jones Industrial Index (represented here by the Dow futures contract, YM) had been leading … [Read more...]
New Year New Psychology
In December, I did a multi-part presentation to my Deep Practice group on some of the things I consider key with respect to the mental side of the game. It’s not trading psychology like you might normally expect. For example, I have no interest in trying to suppress strong emotions such as fear. I know that trying to actively suppress fear, sadness, anxiety and other strong … [Read more...]
Five Steps to Day Trading Success
As most readers know, I am primarily a day trader. No one can guarantee your success in day trading. It is a tough business as you are up against the best right from the start. From my own experience as well as from many successful traders whom I have coached, here are five key steps that, when followed earnestly, put you on the right path to trading success ... Continue … [Read more...]
Digging Out
We finally got plowed out today (Sunday). Our regular plow guy couldn't get to us due to the large amount of snow. We had to hire someone with bigger equipment. We have a long driveway from the road down to the house. Even when it is a regular snow, it isn't very easy to plow. Today, it took a few hours to clear so we could get out. Even though we have a lot of … [Read more...]
Blizzard!
About once a decade or so, we get a blizzard. It is a pretty serious winter storm with high winds, cold temps, blinding snow, and lots of accumulation. It pushes the envelop on the typical winter storm. This blizzard started Friday morning. White-out conditions were reached by late in the afternoon, and the heaviest snow fell in the early morning hours. By Saturday … [Read more...]
