Saturday, April 23, 2011

Learning to trade is a task that most people never complete.  I've been at it for about 15,000 hours and still have a long way to go.

I attribute the degree of complexity to the competition.  There are no minor leagues when it comes to trading, your opponents are professionals and most make the all star game.  So here you are stepping up to the plate with watching 98 mph pitches coming at you as a beginner.

If you trade equities, futures, or options check out my friends at  I have been trading with them for about a year now, and they have helped me accelerate and solidify core concepts of trading.

The group is warm, friendly, knowledgeable and trade extremely well.

Sunday, April 17, 2011

The Essence of Markets

"The markets are not something that we create or imagine; it is a natural process of our world that continues as long as life lasts, whether we concentrate on it or not.  So it is an object that is always present; we can turn to it at any time.  One does not have to have any qualifications to watch it, we do not even need to be particularly intelligent – all we have to do is to be content with, and aware of, one rise and one fall.  Great wisdom does not come from studying great theories and philosophies, but from observing the regular.

The Market lacks any exciting quality or anything fascinating about it, and so we can become very restless and averse to it.  Our desire is always to ‘get’ something, to find something that will interest and absorb us without any effort on our part. 

For example, if we hear some music, we don’t think, ‘I must concentrate on this fascinating and exciting rhythmic music’ we can’t stop ourselves, because the rhythm is so compelling that it pulls us in.  The rhythm of the market is not interesting or compelling, it is tranquillizing, and most beings aren’t used to tranquility.  Most people like the idea of peace, but find the actual experience of it disappointing or frustrating.  People and markets desire stimulation, something that will draw them into itself.  

With a lack of a point of view we stay with an object that is quite neutral, we don’t have any strong feelings of like or dislike for markets and just note the beginning of a move, its middle, and end"

-Written by Me

Wednesday, April 13, 2011

There is an explanation for every price movement?

"These days, there are many more deep intellectuals in the business, and that, coupled with the explosion of information on the Internet, creates the illusion that there is an explanation for everything and that the primary task is simply to find that explanation. As a result, technical analysis is at the bottom of the study list for many of the younger generation, particularly since the skill often requires them to close their eyes and trust the price action. The pain of gain is just too overwhelming for all of us to bear!"

 -Paul Tudor Jones

Friday, April 8, 2011

Trading Macro

"When trading macro, you never have a complete information set or information edge the way analysts can have when trading individual securities. It's a hell of a lot easier to get an information edge on one stock than it is on the S&P 500. When it comes to trading macro, you cannot rely solely on fundamentals; you have to be a tape reader, which is something of a lost art form."

-Paul Tudor Jones

Friday, April 1, 2011


"A speculator is a man who observes the future, and acts before it occurs"

-Bernard Baruch