Trade The Trader. Trader Psychology Trigger Points

You Are Trading Against Other Traders: Getting to a Complete Investment Awareness

From Trade the Trader: Know Your Competition and Find Your Edge for Profitable Trading by Quint Tatro. Available in print and digital formats. Trade with the hawks, not the squirrels! Learn how to demolish traders still relying on basic technical analysis. I sifted through countless charts. Each walked a very fine line, looking as if at any moment they would crater into the abyss

Tatro’s trading has evolved into trading traditional pattern failures, as opposed to trading the traditional patterns themselves.

As an Amazon Associate I earn from qualifying purchases.

The premise of the book sounds great: trade at a different level, seek to understand the movement of others and how to profit from their trades. He suggests perfecting a trading system then adjust your style to fit a variety of markets. I was never sure what this “style” meant. On one hand he suggest trading chart failures on the other taking breakouts that were unexpected.

He gives good advice: “The sooner you realize you are trading against other traders and not just the stocks or the market, the better off you will be.” I thought he was right about the unexpected 2009 rally being caused by wave after wave of short covering. Each breakout to new highs forced shorts to cover even though the fundamentals of the economy continued to deteriorate. It was caused by running out of panic sellers and having panic short sellers forced to buy back. Great observation. But how much did he profit from it? What were his real trades?

Tatro discuss how to find your trading edge:

At the core of every successful trader lies a defined trading strategy, which ultimately provides a statistical and proven edge. The reality is that you simply need a slight edge and the patience to exercise that edge over and over again.

Go here to read You Are Trading Against Other Traders: Getting to a Complete Investment Awareness

Comments

High Returns from Low Risk A Remarkable Stock Market Paradox

This ebook reveals a story about the stock market wich will change the way you think about investing. It is a story about a paradox I stumbled upon many years ago, one that still amazes me today. It is the story of an ‘inconvenient truth’ for economics professors as it turns their models upside down. A delusional story for professional investors who are managing other people’s money. It’s also a personal story which will make you smile and wonder. But most importantly, it’s a story that will help you become a better investor, as it describes how to turn scientific insights into profits. It is the modern stock market equivalent of ‘the tortoise and the hare’: a remarkable tale of how low-risk stocks beat high-risk stocks. My goal is to explain this stock market paradox to you as I would explain it to my father. He is a retired businessman with stock market investing experience. Although he is not an expert in finance, he is a wise man with an entrepreneurial mindset. He has taught

Day trading course

There was once a time when the only people who were able to trade actively in the stock market were those working for large financial institutions, brokerages, and trading houses. But, with the rise of the internet and online trading houses, brokers have made it easier for the average individual investor to get in on the game. Day trading can turn out to be a very lucrative career, as long as you do it properly. But it can also be a little challenging for novices—especially for those who aren't fully prepared with a well-planned strategy. Even the most seasoned day traders can hit rough patches and experience losses. So, what exactly is day trading and how does it work? Day trading is defined as the purchase and sale of a security within a single trading day. It can occur in any marketplace but is most common in the foreign exchange (forex) and stock markets. Day traders are typically well-educated and well-funded. They use high amounts of leverage and short-ter

Apple M1 MacBook Pro is out. Get rid of your MacBook Air now and forever with this promotion

MacBookPro 2020 is here Apple today revealed its long-awaited ARM-powered Macs, including a new MacBook Air, Mac Mini, and MacBook Pro. All of them use the new M1 chip, which promises massive gains in performance and decreased power consumption — or at least when running apps optimized for the new hardware. In fact, the company claims its new 13-inch MacBook Pro has “the longest battery life ever on a Mac,” and “up to twice the battery life of the previous generation.” Performance-wise, the gains are similar to those the company is touting with the MacBook Air. Here are Apple’s claims: Up to 2.8x CPU performance Up to 5x the graphics speed Up to 11x faster machine learning Up to 20 hours of battery life One needs to take that ‘up to’ bit seriously. As I wrote in my post about the MacBook Air, these performance numbers likely reflect gains when using apps that have been specifically developed to run on ARM-based chips. Apple was less clear about how the laptops will perfor

Stock Market Quant Trading and Investing

Search This Blog