Although I love to test trading systems and write about new trading ideas the last couple of months I have been doing a lot of reading about Charlie Munger and his mental models.
Mental models, in essence, are ideas or concepts that help us understand how the world works. I’ve found that learning about these concepts can really help improve all areas of your life including trading and investing. Read more »
Recently I have been re-reading the book Quantitative Technical Analysis by Dr. Howard Bandy. This is a hefty book filled with quality information and important ideas on the topic of system development. Read more »
You don’t need to spend a lot of money to access good trading information. None of the stock trading courses on this page are very expensive yet they are far better than 99% of courses out there.
Courses that cost thousands of dollars do not contain any type of holy grail system that is going to transform you into a winning trader overnight! The only answer is to work hard, work on yourself and find your edge. Read more »
No matter your political view there is no doubt that the financial markets are more nervous about a Trump victory than a Clinton win. This is exemplified by recent price movements in safe haven assets like gold, the US dollar and stocks.
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In the provocative book, The Black Swan, Nassim Nicholas Taleb reminds us that it is often easier (and more useful) to try and disprove something than it is to prove something is categorically true. The best way to do this is through experiments.
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I wanted to write an article to explain some of the processes I go through when trading US stocks. Since August was a particularly quiet month with only a few winners I have decided to go back to a trade I made in July in Omnova Solutions ($OMN). Read more »
We got a few things right last week. Stock markets continued their momentum after breaking to new highs, DRDGOLD sold off as expected and breakout pick CUDA rallied nicely. If only it was always that easy.
This week I am travelling but I have been able to come up with a few more setups which you will find below. Read more »
We took some good trades last week, the cream of the crop being $OMN which continued to surge after posting strong earnings.
This week should be interesting with the S&P 500 a whisker away from record highs. Read more »
As mentioned in the previous post, we do not have a lot of faith in the market at present. Many indicators are flashing red but stock markets continue to rally thanks to the backdrop of loose monetary policy.
Even so we will stick to our trading strategies and hope to find alpha in un-correlated opportunities. It should be another interesting week and non-farm payrolls could prove to be a big event.
Below are the setups we are watching this week: Read more »
The 4th of July US holiday always seems like a good time to reflect on what is going on in the world and the current situation in financial markets.
Unfortunately, the events of the last couple of weeks have caught many traders by surprise and many have lost a lot of money.
Let’s analyse what’s been going on and then make some comments about what to expect in the coming weeks ahead. Read more »