Archives of “February 2019” month

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Where Is Your Head When You're Trading?

  
  Education
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head-tradingWhere is your head during the market day?

Are you looking through the rear-view mirror, criticizing your last trade?
Are you looking at your profit/loss for the day and filtering trades through that?
Are you distracted by people or the phone?
Are you thinking about yourself and how well or poorly you’ve been doing?
Are you locked in an opinion of what the market “should” be doing instead of observing what it *is* doing? (more…)

Financial Documentaries

  
Education, Video
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Below are a few documentaries that are a must watch if you haven’t already seen them. If you have, watch them again.

 Money For Nothing

The Untouchables 

The Go Go’s

Money, Power & Wall Street

China’s Real Estate Bubble

Inside Job 

Congress: Trading Stock on Inside Information  (more…)

Trading Wisdom – Jesse Livermore

  
  Education
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JesseLivermore

Many books have been written by and about Mr. Livermore. He was a fascinating individual who reportedly made $100 million in a single day in the 1929 crash.
Legend has it that during the crash J.P. Morgan personally walked over to the N.Y. Stock exchange to ask Jesse Livermore to stop selling and start buying in order to save the markets.
He was an expert at following the right trend, with the exception of marriage. His wife was married about four times prior to marrying him, and all four husbands killed themselves, as did Jesse eventually. Not quite marriage counselor material, he is nonetheless one of the greatest wells of trading wisdom from which I have quenched my thirst in the past.
I am a much better trader because of Jesse Livermore. Every time I get stuck in a trading rut, I review my notes on his trading philosophies, which I would like to share with you below. (more…)

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