October 2008
2 posts
Actionable Patterns Amid the Chaos
Recently I have tweeted 3 actionable index price patterns that I’ve observed amid the seeming chaos…
These include 1. a longer term consolidation set up consisting of a v broad range followed by a series of higher lo’s and lower hi’s which is looking good so far, 2. the end of day extensions which have been occurring so regularly and with such ferocity I am sure they must...
The Pychology of Realizing Losses
Average market participants dread losing money in the market as much as agoraphobics dread the market itself. And sometimes they cope in similar maladaptive ways by avoiding realization of the fear, rational problem solving and resolution… In fact, one of my all time favorite terms in all of trading is realizing losses. There is a wonderful double meaning there that gets to the heart of...