Too many traders falsely assume that there is one “correct” style of trading and that in order to become successful, they must simply copy the trading style of another successful trader. The reality, however, is that no two successful traders share identical trading styles. Far from being a cookie-cutter approach to understanding and exploiting opportunities in the markets, a trading … Read More
Fear–Not So Much
(This post was written on November 2nd) I spent a good amount of time during Tuesday’s AM Meeting discussing how when fear comes back into the market you need to adjust your trading style very quickly. I was particularly demonstrative on this point as my experience has shown me over the years that traders, especially less experienced traders, are very … Read More
Traders Ask: Stocks In Play of a Basket?
Question: Hello Mike, My question concerns mostly to stock selection and tactic of monitoring the market during the trading session. I’m thinking about it a lot last time and I’m very interested in your opinion on that. There are always a lot of opportunities on the market, especially during the earnings season. So we have 2 choices: 1) The first … Read More