I am really getting a lot out of Dr. Bruce Hong’s new site on Trader Psychology. Here are three detailed posts (containing a six-step process) to help you break your bad habits:
Dr. Hong is addressing specific topics using academic biological/behavioral psychology as a foundation and discussing them in a structured series with actionable plans for improvement.
Monday morning brings us another week-starting post from Andrew Horowitz as he shares his “Indicators the Disciplined Investor is Watching.” This morning’s posts focuses on charts and earnings, and the update is titled: “Earnings Season Trends and Directions.” Andrew writes: “Gold looks prime to rip higher as inflation concerns emerge and oil bulls are having…
Dr. Steenbarger recently shared his personal story with readers regarding a recent life-threatening medical emergency he encountered. We are so glad he is doing better and that he has shared his experience with us, including lessons learned. Not only do the three lessons relate back to trading, but to life in general. Dr. Brett’s three…
Dr. Steenbarger at Traderfeed listed (and explained) Ten Principles of Short-Term Trading that are applicable to all types of traders. Dr. Brett writes: “There is much more to markets than your market, and there is much more to markets than price alone. Observing the dynamics of market behavior opens the door to strategies that exploit…
I’m a little late in sharing the link but I wanted to highlight a webinar this “Jobs Friday” afternoon – 1:30pm EST – with Andrew Horowitz entitled “Taking Charge of Your Trading” where he will discuss Market Profile style price principles and trading tactics while introducing his new “Commander Series” suite of indicators. I’ve worked…
Michelle, guest author at TraderMike’s site, posted an excellent observation regarding three different applications of “Time” in her post Time is on the Trader’s Side. A major quote: “Regard time, instead, as a wonderful and gracious friend, accommodating your need to focus and execute successful trades.” She notes that we get so stressed out because…
I wanted to share a quick link to a post written by Mike Bellafiore of SMB Capital entitled simply: “The Market Doesn’t Care about Your Opinion.” This is something we all as traders learn, but it is a helpful reminder, especially for new and eager traders, that the market is bigger than any of us…