Trading

Fear of the Markets: Questions to Ask

Fear of the Markets: Questions to Ask To Anticipate With Optimism

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. …

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Support and Resistance

Support & Resistance: The Battlefield of the Market

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 …

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Protect client assets

Protect Client Assets and Grow Your Business

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 …

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risk management

Trade Like a Pro – Part 9: The Six Keys to Risk Management

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. …

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Importance of Targets

Trade Like A Pro – Part 8: Importance of Targets

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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Important Questions

Trade Like a Pro – Part 6: The Four Most Important Questions

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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Top Down/Bottom Up Fundamentals

Trade Like a Pro – Part 5: The Role of Fundamentals

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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Sears-1

Trade Like a Pro – Part 4: Hypotheticals – Do I Buy or Sell the Market?

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.

Trade Like a Pro – Part 2: Probability and Decision Making

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.

Trade Like a Pro – Part 1: The Impact Of Recent Changes in the Markets

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.

Trading Lessons to Trade Like A Pro

Trading Lessons I Learned from Dear Friends — Part One

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 …

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