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. Concepts such as the confirmation bias, availability bias, hindsight bias and regression to the mean.

I’ve found that learning about these concepts can really help improve all areas of your life including trading and investing. 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 »


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 »