Price discovery used to be a process of buyers and sellers determining fair value for an asset. Now, it’s only about supply of money vs supply of stock…even bankrupt stock.
The stock market is never wrong…or right. those terms apply only to our expectations
In this video I highlight key levels to watch in the market and outline why I continue to give the bull market the benefit of the doubt. The trend is less certain than it was, so we need to see how things unfold. Now is not the time for fear OR complacency.
For the second time this year, the stock market got hit by a bus last week. In this article I take a look at the week’s dramatic action in the stock market and look to see whether the weight of evidence leads me to expect higher or lower prices in the future
In this post I explore the magic of the part-time trader’s edge, the magic of position sizing and how traders can effectively take the emotion out of trading. This all adds up to trading alchemy! Your edge in trading “If you don’t know what your edge is, you don’t have one” There are so many […]
In this post I explain the fundamental differences between gambling and trading and explain why trading is not gambling. This is an important distinction as those seeking a steady income from the stock market should not be seeking thrills and praying for good luck. I will also introduce the concept of expectancy, the determinant of […]
A slightly deeper understanding of the VIX and what is going on under the hood of the stock market indices can help traders focus on what makes money rather than what makes headlines. In this post I clarify what the VIX is and what it really tells us and what traders can focus on to […]
Saturday night, dinner party at my folks’ place. My Mum – who is a wonderful cook – had prepared a fabulous meal for everyone. After the mains had been finished and plates cleared away…and in between sips of a nice Margaret River cabernet…Mum asked me about Bitcoin. What was it, what did I think of it […]