The role of financial speculators, especially when it comes to agricultural commodities, has often been villainized by political activists and special interests groups. The criticism has been particularly…… Read more “Speculators are scumbags”
Month: July 2017
Do nothing. No, do less.
It’s not as funny as the scene from Forgetting Sarah Marshal (a movie I don’t recommend), but the line should be learned by every trader. Once a…… Read more “Do nothing. No, do less.”
Never, ever chase a break
Another lesson in temperament and self-control is the ability to not chase a rally (or breakdown) if the trade no longer stays within your risk parameters (i.e.,…… Read more “Never, ever chase a break”
Trading = Baseball (…only if you swing)
Many life activities get boiled down to a baseball analogy: three strikes and you are out. Trading lends itself very easily to sport analogies. Baseball, with its…… Read more “Trading = Baseball (…only if you swing)”
“Be true to yourself” is b.s.
One of the biggest lies we have told ourselves in the 20th and 21st century West is that we are born naturally good and we need to…… Read more ““Be true to yourself” is b.s.”
Why wait for support and resistance?
Because they offer the best risk/reward opportunities. Especially with breakouts, once prices have left the previous level of support and resistance, they will travel until they find…… Read more “Why wait for support and resistance? “
There are only 4 trades worth taking
Prices tend to congregate around areas of resistance and support. It doesn’t matter what one buys or sells. Support and resistance apply to anything that has a…… Read more “There are only 4 trades worth taking”
