This is a guest post by Jake @TrendSpider. In this weekend’s analysis, we analyze the moves made by SPY, QQQ, and IWM over the last week and beyond. SPY: Daily Chart QQQ: Weekly Chart XBI: Weekly Chart Related Blog Posts Alerts – Add alerts to your trendlines and indicators with sensitivity. Raindrops – Visualize […]
Trend Line Patterns On the Current Charts: $IWM $QQQ $XBI Read More »
The company that Warren Buffett built along with his business partner Charlie Munger is Berkshire Hathaway Inc. Berkshire is a multinational conglomerate holding company that has been run out of its headquarters located on one floor of the Kiewit Plaza building for over 50 years in Omaha, Nebraska in the U.S. Berkshire Hathaway Inc. is a publicly
The Warren Buffett Company Explained Read More »
The term Antifragile was coined by author Nassim Nicholas Taleb who was also a professional option trader and former hedge fund manager. Taleb created the word ‘anti-fragility’ because the existing words used to describe the opposite of fragility, such as unbreakable and robustness, were not accurate in what he was trying to describe. Antifragile goes beyond these
Antifragile Trading Strategies Read More »
This is a guest post by Tino @TradersReality. There have many associations that martial arts have with probably every endeavor in life. The simple reason is that both require discipline. Now you have more than likely read the basics of marital arts is preserving your character, having the discipline not to react when not required,
Martial Arts and Trading Read More »
The Occam’s razor heuristic was created by William of Ockham who was a philosopher and theologian who preferred simplicity for explanations over unneeded complexity. Occam’s razor is one way to solve problems using the principle that the most obvious answer is the right one and adding complexity in reaching a solution should not be done
Explaining Price Action Using Occam’s Razor Read More »
Nassim Nicholas Taleb is a best selling author, philosopher, scholar, and statistician. He had a long career as a professional option trader and hedge fund manager. His expertise was as a risk analyst focusing his work on the problems of outliers and fat tail events of randomness. His books go into depth about the nature of probability
Nassim Nicholas Taleb Price Action Trading Quotes Read More »
If you are losing money in the markets or having a large drawdown in capital it could be a good idea to go back and return to first principles. First principles are the core concepts or accepted foundation of beliefs that a theory, process, system, or methodology is based. Profitable trading comes from using the
The First Principles for Profitable Trading Read More »
Mental models are tools used to explain the process and theory a person uses to understand how something works in the real world. It represents a system of principles that tries to explain the interrelated cause and effect of actions and results. A mental model represents the relation between intuition and reality and beliefs about
Mental Models Cheat Sheet Read More »
There are two different methods for reasoning, inductive and deductive. While deductive reasoning looks for certainties, inductive reasoning is used when a circumstance is seen as supplying evidence that a conclusion could be true. The belief in a conclusion based on inductive reasoning is highly probable and based on evidence that can be seen and
Inductive Reasoning Definition Read More »
The Dunning–Kruger effect is a cognitive bias identified in the world of psychology. This effect is identified when people believe their intelligence and knowledge is adequate and correct when in reality they are ignorant and inexperienced in the area they think they are competent in. In reality, they are not only ignorant and blind to
Dunning-Kruger Effect Explained Read More »