Worldview By Relative Strength is a unique analytical tool for relative strength analysis. Investors can use Worldview to analyze the relative strength trends of several securities against a standard benchmark. Picking the best individual stocks in an asset class is very important, but investing in the right asset classes at the right time can have …
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3 minute read Questions to Ask When Faced With Fear of the Markets Fear of the markets is a rising concern among many financial professionals. With the volatility of recent weeks and memories of periods like the ’87 crash and the continued stresses and effects of the pandemic, fear can quickly start to creep in. …
Fear of the Markets: Questions to Ask To Anticipate With Optimism Read More »
3 minute read Support and resistance are key concepts that help professionals identify and understand price levels on charts that act as barriers, preventing the price of an asset from getting pushed in a certain direction. Identifying support and resistance levels is one of the most fundamental skills involved in technical analysis. Once I learned …
Support & Resistance: The Battlefield of the Market Read More »
The past several weeks have been a buzz of activity as my team and I finalized the materials for Trade Like A Pro. The course officially started on Monday, and the feedback so far has been positive. My intention in developing and refining Trade Like A Pro over the past ten years is to be …
U.S. Election, Pandemic, High Valuations, Seasonal Weakness – What can go Wrong! What can go Right? Learn repeatable investment management strategies and processes that will help protect client assets and grow your business—while earning 20 IIROC Professional Development CE credits. My Trade Like A Pro course is endorsed by CSI. Conducted over five weeks (from …
Is Trade Like A Pro (TLAP) worth your time and investment? Rather than me try and convince you, let me let the previous attendees of the TLAP course speak for themselves: “More value added in 16 hours than the 27 years in the business.” “Excellent opportunity to learn more about what is really happening in …
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I am often asked, “Is the Trade Like a Pro course is appropriate for me?” Some who ask are new solo practitioners and others have large experienced teams. Some are licensed to manage only mutual funds and others can buy any security. Some are planners and some are advisors. Some are brokers and some are …
Why trade like a pro? Isn’t what we know already enough? I am often asked this question by advisors with twenty or thirty years of experience. My response is always the same. “What you know got you where you are, but it will not get you where you want to be.” Too many things have …
There’s never been a better time to start to Trade Like a Pro. I’m so excited to be opening up the doors to my signature course, “Trade Like A Pro – ver.10,” today! Click “Learn More” for more information! TRADE LIKE A PRO COURSE OUTLINE Module 0 – Pre-Course Prep Module 1 – Welcome and …
2 minute read With so many things stealing our time and attention, we must prioritize the few hours we have for anything extra. Some may focus on the pursuit of pleasure, others on the avoidance of pain. I recommend we focus our attention on both. In the next few paragraphs I would like to show …
4 minute read Part 9 of 16 excerpted from lesson 12.1 of the upcoming Trade Like a Pro ver. 10 course. Professionals focus on managing risk, and superior performance is the result. The retail investor focuses on performance, and increased risk is the result. Let us examine the difference between Professional and Retail risk management. …
Trade Like a Pro – Part 9: The Six Keys to Risk Management Read More »
3 minute read Part 8 excerpted from lesson 10.2 of the upcoming Trade Like a Pro ver. 10 course. Professionals know that profits can disappear for many reasons, and they therefore take profits early. Unlike the buy and hope investing, Professionals want to capture only the profitable side of standard deviation. They take profits early …
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3 minute read. Part 7 excerpted from lesson 10.3 of the upcoming Trade Like a Pro ver.10 course. I still remember the day I learned about the importance of binary questions. I sat in the training session with eleven other traders who made the cut to manage a large futures account for a Prince of …
2 minute read. Part 6 excerpted from lesson 7.10 of the upcoming Trade Like a Pro ver.10 course. Professionals reduce Technical Analysis to four basic questions. They ask the questions every day to better understand the context of the market. The Professional asks these four important questions of every bar on the chart. Endowments trade …
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3 minute read Part 5 excerpted from lesson 6.3 of the upcoming Trade Like a Pro ver.10 course. Professionals know that before they can improve their trading they must improve their selection. Fundamental Analysis is the tool used to determine intrinsic value. Fundamental Analysis reveals in which market, industry, or security to invest. Without this …
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Do we buy, sell, or hold? That is the question at the heart of every conversation about the market. Professionals know that “anything can happen.” But, what if the market goes up, down, or sideways? Our confidence determines our action, but what creates our confidence? We may trust the historical growth of the markets, or future innovation. The former looks backward and the later forward. Yet, we must make a decision today. Some buy, hoping the growth of the past will continue. Others hesitate and by waiting miss the opportunity as the market pushes higher. Professionals use hypotheticals to understand what to do if the situation were different.
Why do good decisions often have bad outcomes? This is especially relevant to trading, where we are constantly making decisions with our own or other people’s money. We do all the necessary analysis, make the right decision, and still can have a negative outcome. The short answer: Because the decision process is not directly related to the outcome. A third factor must be considered — probability. Decision making involves choice and probability together to reach an outcome.
I joined the Financial Industry in 1984, the year memorialized in George Orwell’s dystopian novel. I was young and worked with those who survived the deregulation and inflation of the ’70s. Many of the older brokers struggled with the changes going on around them. Technology changed how we related to the market. Solicitation changed how we related to clients. Many of the older brokers retired early in response. Today we face similar disruptions and again some will survive and some will not. The ability to adapt to change is part of our DNA. Humans are the most adaptable species on the planet. Recent changes in the markets will demand adaptation. We must know what has changed, be willing to adapt, and take decisive action to survive and thrive.
After a decade of growth, investors and advisors returned to the belief that buy and hold was a prudent investment strategy. All boats float in a rising tide. And many believed their success was due to their own efforts. But Professional traders disagree.
Be the lighthouse in the midst of the darkness. You must become the architect of your client’s future. Only then will you future-proof your practice and avoid the risk of being blindsided. You do not control the loss, you control the avoidance of loss. Do not talk about what you don’t control, learn to talk about what you do control.
Too many companies are relying on their past success and have failed to innovate. Entire new industries will rise. They will disrupt the previous leaders.
The news shouts the happenings of Wall Street. You can not turn on the TV or browse online without breaking news about the global markets. This post will not be a depressing restatement of the news. I want to clarify what is most important and not stated as loudly. Main Street is more important than Wall Street.
This is the first of a series of stories about Trading Lessons where we will share secrets of Trading Psychology and Rule-based Methodology. Subscribe to receive early updates. I was reminded today of the importance of dear friends. I have struggled with self-sabotage my entire life, often feeling unworthy of the success that has come …
Trading Lessons I Learned from Dear Friends — Part One Read More »
