I work with a lot of traders trying to “make the turn” – that is the turn to consistently profitable. Among the plethora of issues preventing the average trader from being consistent, one has come up rather often recently. The gap. The gap between what you see as great opportunity at the end of … Read More
A Trader’s Contract
Jimmer Fredette was a star college basketball player, a Naismith College Player of the Year. A couple of years ago I wrote a blog post about a contract he signed with his brother to play in the NBA. I__________________ will make all necessary and proper sacrifices to reach my ultimate goal of making it to the NBA. ________________ ______________________ Name (Signature) … Read More
What a Star Fund Manager Can Teach Us About Improvement
Imagine that a star fund manager, with nearly a decade of stunning results, decides to completely retool the way that he does things. Would you think that he’s crazy? Would you call him a has-been? Or would you draw a different, more instructive lesson—that this is the reason why he’s stayed a top fund manager? The FT recently ran a … Read More
Trying Too Hard
Today was one of my better days in the last week. This was not a coincidence as the stock I was trading was very in play and I was respecting the levels. My recent trading struggles have been all self-inflicted. Let’s discuss. It all started with COF. COF issued their secondary offering and underwriters were trying to support the stock … Read More