This week @Steenbab and I presented a webinar for an educational trading firm in Spain. Consistency and the Stages of Learning were our topics, with Dr. Steenbarger focusing on mindset. One slide I developed for the webinar stresses an important lesson for traders. Here it is below: Let me share an anecdote of a conversation we recently had with a … Read More
The gift of learning during a trading session
In Dr. Steenbarger’s terrific post he reminds us that each trading session is a gift to learn. He wrote, “Every day of trading provides a day’s worth of review and learning.” I shared a lesson I learned while trading $MTCH today in this video review. This was a lesson learned after a trading loss after a high conviction trade. Arrogant trades … Read More
Unexpected Best Trade
A few days ago, I was trading crude oil. It wasn’t just any old day; I had high expectations for above average moves. I had conviction in a main idea for the day. Crude had broken down below a really key level. These are the types of days we want to really crush! I found a nice short just before … Read More
Optimal Number of Stocks to Watch During a Trading Session
Hi Mike, My name is Jonathan. I am a relatively new trader and I began reading your first book One Good Trade. I love the idea of your if/then statements and I would love to work on my own statements. I have a list of plays I believe I have the most edge in, one being red to green or … Read More