This weekend’s thoughts focus on some of my strongest feelings about trading, life, and how they’re intertwined. I also stress the issue of pressing your bets when the time is right, which to my surprise remains a little-preached concept.
As I mention in the video, as was the case when I published my daily diary, I’m speaking to myself as much as anyone.
Have a blessed and productive week.
Yes, we’re back to WEEKLY installments of the Weekend Trader, the momentum of which I plan to continue to give traders weekly perspectives during their R&R (& R for Reading).
Today’s column focuses on some of my favorite tools and perspectives, using a combination of new and existing “building material”, with relevant links noted below the video.
Lastly, I remind us what these tools are … and more importantly … are not.
So enjoy your third “R”.
Viewer Choice and Personal Favorite Posts from the Past including the Chinese Bamboo Tree, Lessons from John Wooden, and a post containing 10 additional links including the video I posted right after the May 2010 Flash Crash
That infamous “There’s no Crying in Trading” Flash Crash post.
Subsequent post-crash weekend perspective.
The Svithjod Rock post (from the original diary blog!) which was also syndicated for use by the NY Trading Expo. Note other key post inks in the lower left margin.
The Jazz Trader post, also from the original blog and syndicated by MoneyShow.
My personal inspiration from four years ago that still gives me chills … posted shortly after the 2010 Flash Crash.
Not-So-Shameless Plug for Chronicles of a Million Dollar Trader with 100% of proceeds supporting World Vision
The CN futures team will be presenting a free webinar Wednesday 11/12 at 4:30pm ET to review their charting platform that I discussed in this week’s Weekend Trader piece.
Here’s the sign-up link for those interested.
In today’s video, I discuss some incredible front end technology called Inside Edge by Peter Nannis, who I knew from the TradeMaven days of the mid 2000s, and who has teamed with Charlie Cochran to provide a charting infrastructure and environment that is above and beyond anything I’ve ever seen in many years.
Essentially, the environment both compliments and enhances our existing price-based methods by adding a series of volume-based charts, including the ability to filter your charts to only reflect big money at work.
They offer a free trial of both the software and their trading room (where I’m currently hanging out as a trader as time permits), which you can access here.
As an example, here’s an example of what Big Money was doing and not doing when Friday’s jobs report was issued:
Yes, it’s been a while as I focus this morning on resetting my own trading business and thank several traders including Linda Raschke, eminiplayer, and futurestrader71 for their direct and indirect support and insights as we work independently and together to further strengthen the trading community.
Other links I reference include futurestrader71′s outstanding presentation on Pro Trading Environments, as well as his site’s link to the Phantom of the Pits series which is a must- must- read if you’ve never done so before.
I also discuss two cosmetic changes I would make to “Chronicles …” if I had to do things over again, including the cover and subtitle.
My sincere thanks and best wishes to all of you as we continue our respective journeys.
Some have asked lately why trade Globex? Many have also said they’re “a-scared” of doing so.
As I’ve stated 1,000 times, the prime MATD entry on key prior day support typically occurs during the Europe session, and you have to simply do what others can’t, won’t, or don’t know how to do … as in putting in farmer’s hours if you’re in the U.S.
The ONLY three things keeping the small minority of successful traders who have figured this business from earning consistent income remain motivation, focus, and simply showing up when most others won’t.
Below is the YouTube audio to my recent presentation to the TopstepTrader team.
Please note however that the video isn’t tracking and is stuck on only a few slides (there are 18 in total), so you can download the PDF of the presentation here to track the visual content to the audio.
The presentation is just over an hour long.
Can anyone relate to this in their trading career or life?? (Hint, you have to watch to the very end.)
I sure can … every day.
Be that last elk!