i suggest that successful trading requires a certain level of two things: cognitive intelligence (IQ) and emotional intelligence (EQ).
We use our cognition to 'plan the trade' and our emotion to 'trade the plan'.
the greater these two skillsets are, and the more in balance they are with each other, the greater the chance of trading success and ultimately trading mastery.
sold my NQU09 in the overnight session at 1646.00 for +15.25 points/contract...
shortly after the sale, INTC raised their revenue guidance and the NQ popped to the 1660 area...
unlike the major indices and the XLF, the SMH has not broken out of its recent base...watching it and INTC to see how they deal with testing the high of their current bases...
for 6 straight trading days (since thursday 8/20), the NQ high or low of the day has been set between 10-1030 in the morning...
i am watching this NQ gap up carefully...
not sure if and where i would get back in to establish a new long position in the NQ...if i do get back in today, it would be on a pullback...
'Securities Trading from Both Sides of My Brain' explores a dual aspect of securities trading: planing the trade & trading the plan, alongside a dual aspect of the mind: cognition & emotion.
I have been actively trading the US Capital Markets since 1996. I earned my living from 1999-2010 by profitably trading for my own account. I have recently returned to my IT roots, but still continue to trade my IRA. I love talking about markets, so feel free to leave a comment.
Guesstimates on April 7, 2025
-
*June S&P E-mini futures: *The Trump Tariffs have dropped the ES 15% in
three trading session. High volatility, panic conditions prevail. The next
big s...
The Consequences of Chaos
-
This market has been trying to digest a series of unexpected policy
disappointments. Most corporate executives thought we would be getting tax
cuts, de...
Post-Election Year Woes Persist
-
There’s no way to sugarcoat it, unless the market can get back into the
green for the year in April, our more bullish base case scenario for 8-12%
gains ...
Strong Selling The Day Before A Fed Day
-
I have shown many times in the past that Fed Days tend to carry a bullish
edge – especially when there is selling leading up to the Fed Day.
Tuesday’s sell...
The Weekly Quill — “The U.S. Consumer is Strong”
-
Delusions of Americana at Risk of Being Shattered “I didn’t feel sad at
all. Maybe I was in a state of shock. I was a bit troubled by the loss of
all my pi...
Light in the COVID Tunnel
-
If you ever think you just can’t win, I know how you feel. I’m labeled both
a doomsayer and a Pollyanna—sometimes in reaction to the same letter.
Market Report on Gold, Gold Miners, and Uranium
-
4/24/20 Gold Miners On a technical note, GDX, GDXJ, and SIL (silver
miners), put in a bearish “doji” yesterday on the daily charts. The “wick”
that you can...
Financial Markets Will Move To Asia
-
Chicago, they invented the Soybean futures contracts. But now, China uses
more soybeans than ... *READ THE REST OF THE ARTICLE ON THE NEW WEBSITE:
JIM ROGE...
Mailbag: Life in Trumpland
-
The best part about this job, other than being recognized in random bars by
50-year old financial advisors who are always good to buy me a drink (hey,
yo...
This Day in MV History: Random Thoughts
-
These articles were published on Minyanville.com on 26th April in History.
Checkout how time flies enjoy reading!The Stock Market Toes the Maginot
Lineon A...
crude oil redux
-
Two weeks ago I highlighted the New York times headline on crude oil prices.
Crude prices have moved up about five dollars a barrel since then. Above
thi...
Posts
No comments:
Post a Comment