We trust machines to make decisions for us, why wouldn’t we trust a “machine” like our brain that is capable of far more complex deductions? In a…… Read more “Before artificial intelligent, there was once the gut”
I once walked into a casino and it was the most depressing scene of unhealthy, mindless, and hopeless behavior I had ever seen in my life. Until……… Read more “Treat your capital like poker chips”
While a healthy fear of the markets leads to proper risk management and discipline, excessive fear of losing money impairs our decision-making process and leads to trading…… Read more “You have to be ok with losing it all, if you want to win at all”
Trading commodities can be a rollercoaster. Learning how to trade is a rollercoaster inside a tumbler ride! The learning process can be so intense and painful, at… Read more "How I got out of the hole"
Sometimes the hardest things to do for a trader is to sit on his hands and do nothing. Somewhere I read Jim Rogers saying that he would do… Read more "Why sitting on your hands is the best thing to do"
I was once a Dean of Students at a private prep school. I was trained by an "old-school" principal on how to handle various discipline issues among… Read more "Fear the market like you fear your dad"
There was a time when traders used to “read the tape” to get a sense of where prices were moving in the short-term and to identify where…… Read more “You have to listen to a lot of noise to identify the signal”
Many trading plans focus on the entry signals. I believe, the starting point of a trading plan is a risk management plan that stops you out of…… Read more “The starting point of a trading plan”
This isn’t a new concept. In fact, it can be applied to many facets of business and life in general. The beautiful thing about trading is that…… Read more “Right idea + bad execution = losses”
I made brief reference to a stop run action in this post and I just wanted to give you a more clear example. This is Soybeans on a…… Read more “Classic stop run action. One way the big traders squash the little ones.”