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...]
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...]
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...]
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...]
TheStreet.com Recommends Trade Mindfully
TheStreet.com recommends my new book, Trade Mindfully In an article titled, "7 Must-Read Business-Related Books Coming Out This Week," TheStreet.com said now that the holiday is over, it's time to return to trading: ... there's no better way than to bone up on trading psychology with the upcoming title Wiley's Trade Mindfully: Achieve Your Optimum Trading Performance with … [Read more...]
