Words of wisdom from the mythical market timer behind Gann angles and the Square of 9.
When I sat down to write this article, I thought it would be challenging—but useful—to distill over 20 years of trading experience…
There is a rather common saying in financial circles, that the markets are primarily driven by two opposing forces namely, fear and greed. This is, perhaps, an over-simplification. There are, however, some psychological barriers that a trader should seek to understand and conquer
The S&P 500 made significant gains in the first days of 2011, yet many market analysts and traders are bearish. The reasons vary and include worries about earnings or the economy but many feel that the market is headed for a fall. These bearish pronouncements seem to be business as usual. Last summer many of … Read more
In the course of their evolution, every trader (if they are honest with themselves) has experienced disabling fear. How it happened – and why it continues to happen – often remain a mystery to the trader. Before the trader knows it, all reason has been hijacked and fear takes its toll on the trader’s state of mind, his … Read more