Hello Mike, I have an interesting question for you. Its about the life cycle of a trade set up. I’ve realized that like businesses trading setups are also cyclical. There will be periods where the set up produces an edge, and there will be periods when the set up is not producing an edge. Does this mean the setup no longer … Read More
How happy should you be?
Should we seek to be happy all-the-time as a trader? No, says the research. Eric Barker, at his Barking Up the Wrong Tree blog, asks a question: “Should we try to be happy all the time?” It’s a good question and he answers it with one word: no. Now, he isn’t knocking happiness. He’s only pointing that context matters and … Read More
Art Therapy for Your Trading
I received an awesome email teaching me about an interesting concept for our trading: art therapy. I thought I would share it with the trading community. Last time on your webinar you asked what is art therapy? It’s kind of like when a kid goes to a child psychologist and in order for the psychologist to figure out what’s going … Read More
Do You Pick Bottoms and Tops?
Good afternoon Mike, I read One Good Trade, and I pre-ordered The Playbook so I could get some additional insight into professional trading. I saw quite a few references to buying the support plays or selling the resistance plays, and I was wondering about the strategy, so my question is overall do you try to buy the low or sell … Read More
Are You Still Focusing on Longer Term Intraday Trades?
Hi Bella, I just finished reading your book One Good Trade and I wanted to thank you for writing it. I am trying to learn the craft of trading, and I found it to be entertaining and educational. Toward the end of the book you mention how in 2009 and 2010 you started moving toward longer term intraday positions and even … Read More
Do you have a news edge?
Last night I had dinner with Ravee Mehta, author of The Emotionally Intelligent Investor and former hedge fund trader at Soros Fund Management, hoping to learn more about getting a real news edge while trading. On my desk I hear my guys talking about Conviction Trades before the stock confirms their thesis. I have worked with very experienced discretionary traders who … Read More
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