Hey Fibonacci Enthusiasts: An interesting pattern occured in the Dow Jones Index that I thought was worth showing. Since March 19th, we have had (in order): A 5 day rally A 3 day decline (counter-rally) An 8 day rally These not only constitute perfect Fibonacci sequence numbers, but evidence of greater (recent) buying pressure in…
I wanted to highlight a personal post redarding a recent stop-loss experience from the 59 Cedar Street blog, which personifies experiences I have had, and I know we all have had. BP references the fear once in a trade and the almost compelling notion to move your stop to break-even once profit is achieved. I…
Readers, I just started reading Mark Douglas’ The Disciplined Trader and am gripped by the intro and first chapter and wanted to pass on the reference to those who are gripped by fear in trading. I take notes on everything I read, and in this book, I have written down so much already, and I…
I found the article Positive Trading Attitude at the Money Blogs to be particularly interesting. A few quotes: “…the right attitude helps create the conditions to reach your goals.” “The acceptance of personal responsibility is a key difference between successful and unsuccessful traders, and success can be traced back to a positive mental attitude.” “A…
While no blog post can adequately address the realities and implications of “regret aversion,” I wanted to alert you to its existence and possible resources for learning more. Simply stated, we feel regret and remorse more for actions we DID take than for actions we DID NOT take. One way to understand this is that…
Today was a consolidation day, and one with very choppy action that whipsawed many traders, myself included. It was difficult to find direction today, and I suppose the story will be similar tomorrow as it is Options Expiration Friday. It is actually a “Quadruple Witching” Expiration Day, so my recommendation is to take the day…
As I awoke this morning to read TraderMike’s headlines, I was astounded to see my link in his link list! I just created this blog this weekend and most definately was not ready for any publicity, nor had I reached out to anyone yet before I had the site ready. All I have for you…
I am excited about being a part of this new endeavor to help newer and novice traders – as well as some professionals – overcome fears, hesitations, and anxieties concerning trading. I hope this will be a long and rewarding journey for all of us as we seek to increase confidence, awareness, and profitability in…
I created this blog to serve as a link to active investors, traders, and market enthusiasts of all types in an effort to connect us together and move forward in our attempt to succeed at this challenging game of investing! I will be creating a complementary website, complete with message boards and chat functions, to…