Trade Review CTXS

BellaGeneral Comments1 Comment

A new trader sent me his thoughts on his CTXS trading today (see chart below).   Here is what I really like about his trading: a) He was in complete control of his trade. b) He does an excellent job of finding a way to be bigger for the next time he sees a similar set up. c) He is … Read More

Getting Started as an Active Trader

BellaGeneral Comments4 Comments

I was asked to speak at the TraderExpo next week by LightSpeed on this topic: Getting Started as an Active Trader.  Here are my bulletpoints on what you need: 1. Domain Knowledge 2. Intrinsic Motivation 3. Critical Feedback 4. Purposeful Practice 5. Luck 6. Talent 7. Growth Mindset 8. Your PlayBook 9. Value-Add Environment 10. Mentor What do you think … Read More

Morning Thoughts 2/14/11

AdamAdam Grimes's blogs, General CommentsLeave a Comment

Good Morning traders, World markets are mixed this morning.  Asia sharply higher 1.2% to 2.7%.  Europe is a little soft this morning, down an average of about 0.8% (broad European index -0.5%). We do have some decent sized moves in currencies to start the week:  the Euro is weak (EURUSD EURJPY EURCAD all down) and NZD is weak.  With the … Read More

Morning thoughts 2/11/11

AdamAdam Grimes's blogsLeave a Comment

Good morning traders, Very little has changed this morning–I could pretty much cut and paste my comments from previous days. The market is locked in a higher timeframe consolidation, and there are two key elements short term traders must keep in mind: 1) in this type of pattern low volume, choppy trading predominates and 2) breakouts from these areas tend … Read More