I've just published an article on MoneyShow.com. It's called Three Steps to Becoming A Great Trader, and it is all about developing trading excellence through Deep Practice. Although most people think that genes play a huge role in a person's success, noboby is born to be great at any chosen skill or field, trading included. Over 35 years of solid psychological research … [Read more...]
Wyckoff Spring in S&Ps
The market was sloppy yesterday morning, and then traded lower in the latter part of the morning through the noon hour. The night before in the overnight session, the market fell sharply to make a new low. Moves like this are usually tested. And this occurred yesterday. The test set up a picture-perfect Wyckoff Spring. This is one of my favorite long-side setups where the … [Read more...]
Sloppy Trading Morning
It has been a sloppy, narrow range morning in the S&Ps. After the high volatility of the past week, it can be hard to step on the brakes. I put on a trade this morning and it quickly showed a profit of 4 points on good range and volume. I thought it had more legs, so I brought my stop to break-even and played for a higher target. It reversed and stopped me out -- … [Read more...]
Traders’ Expo New York
I just got back from the Traders' Expo in New York (I beat the snow!). As always, it was fun to see all the hoopla, make new aquaintances, and see old friends. I especially like to see traders who have taken classes with me or have traded emails. It is always good to see how they are doing. I wasn't there to make a presentation this time - just a spectator. And actually, … [Read more...]
Wyckoff Spring Takes Us To New Highs
Yesterday, the market made new 20-day highs on good intraday trading. Twenty minutes after the open today, the market dipped and tested yesterday afternoon's low. Obvious support points like this are things I look for. The market likes to trade at these obvious points. Since the market slowly sold off yesterday afternoon, the market had to go an test that area to determine … [Read more...]
