Many traditional traders still look at technical charts with skepticism, at least in public. Most discretionary traders user charts at the very least for tactical purposes, such… Read more "The harmony in price movements"
Tag: futures
Treat your capital like poker chips
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”
You have to listen to a lot of noise to identify the signal
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”
Right idea + bad execution = losses
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”
Trading futures with a small account
I’ve shared in other settings that trading futures with a $10,000 account is not ideal. In fact, if this is your first trading account, it’s downright stupid. …… Read more “Trading futures with a small account”
Trad 2. Long #Coffee.
Here is the second of the two trades I have left, as of Monday morning. Long New York Coffee (KC), May ’18 expiration @ 1.1890. Risk $375…… Read more “Trad 2. Long #Coffee.”
Down to 2 trades.
A couple of weeks ago I posted about my intentions to finish the first year of “small-time” trading in the black and that I wouldn’t let the current…… Read more “Down to 2 trades.”
The most painful trades are the ones we miss. Here is a spectacular one. Yet, it was wrong…
Sometimes, the most painful trades are not the ones that, following our trading plan, produce a loss. Rather, the trades that we miss and eventually produce fantastic…… Read more “The most painful trades are the ones we miss. Here is a spectacular one. Yet, it was wrong…”
The next six trades are crucial
There is a negative psychological punch that takes place when a profitable trade turns into a losing one. It’s like having to go to overtime in a…… Read more “The next six trades are crucial”
#BiMTi – the Booy Insights Mid-Term Indicator explained
Here is an explanation of the BiMTi number that I’ve been posting on my 60-Second Updates. History: A few months ago, when I was contemplating leaving Westrock Asset Management, I…… Read more “#BiMTi – the Booy Insights Mid-Term Indicator explained”
