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Position Sizing 101

Many new traders start trading with a small account and large risks. This is a formula for failure. When you start trading you should think about being able to trade for a long period of time and slowly grow your account. You should also treat your trading as a business. If you started a business you wouldn’t … Read more

June Rate Hike?

Fed Chair Yellen didn’t do much to change hawkish optimism with her discussion Friday afternoon. I would not say it was everything that FOMC hawks wanted to hear. But it did not undo the sentiment that rate hikes could come soon. But June? I don’t see that in Fed Fund futures. The gold and U.S. Dollar … Read more

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Scream If You Want To Go Faster

I am a 37-year veteran of the markets. I started on the floor of the Chicago Mercantile Exchange (CME) in January 1979. I lived and worked for 12 years in London, England trading on the floor of the London International Financial Futures Exchange (LIFFE). I was a pit-trader specializing in German Bunds, British Gilts and … Read more

I Love When The NDX Leads

Since the mid-1990’s, I have been reciting the same phrase repeatedly. I love when the Nasdaq 100 (NDX) leads. I love when the NDX leads. I love when the NDX leads. Thanks to advancements in technology over the past 20+ years, with one click of the mouse I can communicate with you today. I love … Read more

Picking Tops Versus Buying The Break

In the banking industry, the Rothschild family is a wealthy family descending from Mayer Amschel Rothschild. Mayer established his banking business in Frankfurt, Germany in the 1760’s. Through his five sons, they established an international family of bankers who established themselves in London England, Paris France, Vienna Austria, Naples Italy and Frankfurt Germany. Recently I heard … Read more