Tuesday, March 13, 2012

JPM trade

Pressed for time so just marked up the chart and blurted out some stuff. I did not call this one out live. I trade with people who are much much better than I at entries and have a higher success rate and actually move markets on the thin ones, so I mostly keep quiet unless I can offer something that was missed. The room is busy, I am pretty new there, and I feel only the best traders should be taking up the roll. Plus, this type of trade moves so fast that an entry call out is not really actionable by anyone else. Anyway, here goes:

Thursday, March 8, 2012

"Buy low, sell lower", or "Too high to buy."

This radiolab episode is worth listening to, not only because it is well done and interesting (at least to me), but I think it is worth considering if these natural tendencies have sway over ones trading decisions, especially for long traders/investors. Are the best traders those 1 in 5 people?