Articles on institutional positioning, options flow, price action, and the neuroscience of trading.
A Brief Story We had this one trader (we’ll call him James) at the broker who had been trading a small mini account (about $3,000) for several years. James could consistently bring it to about $10,000 in a matter of months. As he got to $10,000, James would then take $7,000 out and start all…
Yesterday was my first day back at the range in a week. I had some problems with my shoulder so was resting it, but yesterday it felt better. Even though I’ve been shooting for over a year now and won two competitions, there is still a lot of work to do. I was shooting decently…
Earlier this week I was talking to a student who is starting his private forex mentoring with me. He was actually referred to me by a previous student I spent time mentoring two years ago. This former students name is Tony and had no prior experience in trading, nor a degree in business or finance.…
For the record, I have no idea if Michael Jordan trades. I have no idea if he even knows about the Forex market or is actively involved in his investments. Nevertheless, he helps me with my trading. I have read over 9 books on the man, have his DVD (Michael Jordan to the Max), seen…
A Brief History At the age of 14, Jesse Livermore began his trading career, although not as a trader. He was one of the young boys who would stand on a wooden plank in front of a chalkboard posting the quotes of prices for speculators. This was at the Paine Webber brokerage in Boston. After…