It is a constant and exhilarating journey knowing each day I will be put to a test, a subtle, almost intangible challenge of calm and control, focus and consistency, awareness and optimism. Each day I continue to commit myself to learning more about these skills of concentration, attitude, managing pressure, staying motivated, monitoring energy levels, … Read More …
Do You Truly Know What It Means To Think In Probabilities?
A lot of traders think that they think in probabilities. But just because you think about odds and reward-to-risk doesn’t mean that you actually think in probabilities. One of the best quotes I’ve ever read on the subject comes from poker pro Annie Duke: To be a great poker player you have to have what … Read More …
Trading vs. Sports vs. Chess vs. Poker
I’m about to show you why you’re so lucky to be a trader. You may be going through some tough times. Maybe you’re a developing trader who’s still struggling to become profitable. Maybe you’re a beginner who’s overwhelmed by the complexity of it all. Maybe you’re a pro who’s going through a tough drawdown. Regardless, … Read More …
E-mini S&P 500 Futures Dec 11th Pre-FOMC Outlook
The E-mini S&P 500 has been consolidating in a range and the next economic catalyst is the FOMC Announcement on Wednesday, December 12th. This calls for being patient on Tuesday since we could end up with another low volume, balanced session. Buyers remain in Control above 1413 and if ES holds above 1417-1418, there is potential … Read More …
The Counter-intuitive Way To Control Your Emotions In Trading
I don’t know any trader who doesn’t struggle at times with their emotions. Likewise, I don’t know any trader who doesn’t wish that they could control their emotions better. Here’s an excerpt from an email I just received from a trader named Jill: I have a problem with hesitation. Even though I have a strategy … Read More …
E-mini S&P 500 Market Analysis & Outlook 12/06/2012
The next important economic catalyst is the Non-farm Payroll report due on Friday. ES has been balancing within a range and is gearing up for a directional move on the NFP#. Watch today’s video to get our view on the market as well as our upside and downside objectives so you’re prepared to handle a … Read More …
A Message to Those Who Think Trading Depends on Luck
If you want to get on my bad side, tell me that trading involves a high degree of luck. Nothing gets me going more than that- especially if you’re very adamant about your view. I’m usually quite calm, composed, and level headed. But when I hear those words, they get under my skin. You see, … Read More …
E-mini S&P 500 Market Analysis & Outlook 12/04/2012
In the last Market Analysis & Outlook post, we highlighted the 1400 and 1406.50 High Volume Nodes (HVNs) as Key Levels to measure the market’s strength/weakness, i.e. holding above those levels would indicate short-term strength and breaking and holding below would indicate weakness. We had upside targets at the 1412 (Gap), 1423.50 (NVPOC) and finally … Read More …













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