The Perfect Trader is patient with entries and exits, they are focused on what works not personal opinions. They do not worry about missed trades, the Perfect Trader does not boast while winning and does not become depressed while losing. They are never too proud to admit when they are wrong and exit their trade. […]
The Perfect Trader Read More »
This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. Everywhere you look there are robots taking over. Even in markets! With the rise of quant trading, AI, algos, and everything else,
How To Survive The Robo-Trading Takeover Read More »
“When I got into the business, there was so little information on fundamentals, and what little information one could get was largely imperfect. We learned just to go with the chart. Why work when Mr. Market can do it for you?” – Paul Tudor Jones “Fundamental analysis is the examination of the underlying forces that
Trading Price Action Instead of Fundamentals Read More »
This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. We’ve been short gold (GLD) since April and have since added to the position, which has so far worked out well
Time To Short Gold Again? Read More »
This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. AK speaks with Tyler of Macro Ops all about how to manage trades including the right way to take profits, how macro
Trade Management & The Benefits Of A Trading System Read More »
Chart Courtesy of StockCharts.com Price is back over all moving averages. This is bullish. Last week the 100 day SMA continued to hold as support until $SPY broke out of the two week trading range at $274. The next key resistance level on the chart is $278 then all time highs at $286.63. Volatility decreased
Signals Bulls are Winning While Bears are Whining Read More »
Traders go in search for a winning trading system not understanding that after they find one that making a few crucial mistakes can turn a profitable system into an unprofitable one. Once you have a system that seems robust from historical price data, chart studies, or back testing be careful not to make some of
10 Things That Screw Up a Good Trading System Read More »
There is a big difference between trading in an up trending market and a down trending market. Money can be made in bull markets and bear markets but you have to be trading on the right side of the trend to capture profits. Here are the ten best signs that we are in a bull
Top Ten Checklist for a Bull Market Read More »
This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. Paul Tudor Jones is absolutely right. Effective communication is one of the most important skills when it comes to business
Why The Financial Media SUCKS At Their Job Read More »
A trader’s best friends are risk management, a winning trading system, perseverance, self control, and passion. Here are a trader’s worst enemies: Stubbornness: Not cutting losses and sticking with trades that are not working. Arrogance: Believing that you are smarter than the majority of market participants for no apparent reason. Competence must come before confidence.
A Trader’s 10 Worst Enemies Read More »