Does the 10,000 Hour Rule Apply to Trading?

It takes purposeful practice AND 10,000 hours to become great at anything, says this latest blog from Barking Up the Wrong Tree.  I write about one way to practice purposefully in my next book  The PlayBook (which you can preorder), by creating your PlayBook.  I have written about other ways extensively on this blog (some examples below). Improving Our Performance … Read More

Should Short Term Traders Consider Fundamentals? Part I

I believe the majority of market participants agree over longer time horizons fundamentals will influence the price of a stock. But what about in the short or medium term? Should intra-day traders or swing traders be evaluating fundamental news related to the stocks they are trading? Or should they simply focus on price action in relation to news? I have … Read More

I Was Captain of the Mathletes

In high school I was captain of the Mathletes. Once a month we would travel to other schools and compete against their top math geeks. Many of the problems we were asked to solve appeared to be complex but often contained what were simple solutions. In math and in nature things that appear highly complex often can be reduced to … Read More

CNBC Made Me Do It!

Here is an interesting comment from a reader in response to my blog post “My Thought Process: LIFE” Steve, Thank you sir  for your thoughts. I constantly look for your tweets during the day. I don’t know why I bought so many books in the past. I have learned a lot from your generosity. I turned LIFE green into red … Read More

My Thought Process: $LIFE

It isn’t my regular practice to “Live Tweet” when I’m involved in actively managing a position. By nature I am not a good “multi-tasker” (don’t get my girlfriend started on that topic 🙂 ). But LIFE was so In Play today that I wanted to share some of my thoughts and actions right as the market opened for trading. So … Read More

Forex Road Map

Marc Principato, CMT records a trade setup as it happens on the S&P 500 CFD instrument. This is an example of how the traders in the SMB Forex and Futures program manage emerging opportunities. It’s like having a road map. Can you see the value? — Marc Principato, CMT Risk Disclaimer *No Relevant Positions

Is He a “Real Trader”?

I come from a prop firm that’s heavily composed of traders that scalp for a penny profit on list of selective stocks that meet the necessary criteria.  Yesterday, our firm has been banned for a week on using the routes on these selective stocks that are necessary to implement the penny scalping strategy from our provider due to selective traders … Read More

The Forex Road Map

When new traders enter the forex market, they install their platform of choice and then ask the following question, “How do I know which way my forex pair is going?”. They usually seek the answer by immersing themselves into the world of confusion. Amazingly enough, newer traders already come to the game with the preconceived notions that their brokers love. … Read More