• Timing The Market

    Timing The Market

    When many market analysts talk about "timing" the market, they are typically talking about timing market entries and exits using their "PRICE axis" analysis.
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  • Creating A Local Backup Of Your thinkorswim Studies

    Creating A Local Backup Of Your thinkorswim Studies

    I tend to save a copy of everything to my local hard drive on a regular basis; “Keeping my feathers numbered” as Foghorn Leghorn would say.
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  • Real Trading Requires Skill

    Real Trading Requires Skill

    Gambling is laying down your money where you don’t have an edge, or as Dickson Watts in Speculation as a Fine Art says, where there is no calculation. Another way of looking at the difference is that of luck versus skill.
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  • Simpler Sentiment - Weekly Wrap-Up 12-23-16

    Simpler Sentiment - Weekly Wrap-Up 12-23-16

    It looks to me that the market may be topping out. You don’t want to fight the tape, but… even if there is greater probability of the market continuing to push higher, that seems to be capped, at least for the time being. If we get a break to the downside it could be sharp, especially given the extreme levels of short volatility and lack of hedges.
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  • My Favorite Trade On the Last Day of the Year

    My Favorite Trade On the Last Day of the Year

    There are few times during the year when retail traders force a decision on their accounts. Although it took my own pain and suffering to realize and understand this phenomenon, now the last trading day of the year is also one of my favorite.
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