Discretionary Trading

I recently did something I haven't done in a while. I traded with discretion. It was Tuesday (June 28) and SPY was trading right at the 200MA on the daily chart. It was either going to be a bearish move as SPY had previously failed at the 200MA and was now testing to see if…
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Does Automated Trading Really Work?

As the saying goes "there are two sides to every story and the truth often lies somewhere in the middle." So does automated trading really work? Yes and no. How's that for a definitive answer. It's not a yes or no answer. It really comes down to the strategy being deployed.  The answer is correlated…
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Brexit, Grexit, Schmexit

There was a time I would read all I could on the most recent "news." The most recent event that was going to take down the world. Something that in my limited understanding of how markets worked, was going to allow me to buy some SPY puts, sit back and collect lots of money. I'm…
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Don’t Rush Production

Most of us understand the need for patience in this business. One of the hardest skills to learn and yet one of the most important. Absent patience you will do many silly mistakes like enter a trade at the wrong time, exit too soon, stay too long, the list goes on. And yet when I…
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