Dogs, Risk Management, And Trading

Winter is all but over here in South Texas and so I’ve resumed my morning bike rides along our rural back country roads. My chosen route for the day usually depends on how far I’m going and the current dog activity. Two things are generally true about the dogs I come across on my rides: … Read more

When She Turns On You…

Ah, a trend. Each day the market moves in your favor. The retracements are shallow and non-threatening. Time passes quickly, in a low-stress fashion. The money piles up. Life is good. And then … the trend changes. Abruptly. How to deal with it? The perfect answer is an announcement, preferably over a loudspeaker, that tells … Read more

What To Do When It All Goes Wrong

I walked in this morning to an indices market which was slightly lower. The bond market was slightly higher but trading over a full point off their overnight highs. What the hell was that all about? Nothing was making a bit of sense. The yen and gold were higher. Again…why were the bonds trading lower? … Read more

High Probability Moments In Time

Trading is not about being on the right side of the market each day. That’s impossible, especially when it is Wall Street’s job to lure people in like a newborn baby to the tit. Feeling comfortable and bullish at the end of the year? So was everyone else. Snuggle up and start drinking. By February … Read more