Some years ago, I was going about my daily routine, which mostly involves working on QiT, working out at the gym or working in the yard, when, out of the clear blue, I was hit with an “aha” moment. I had just stumbled into a profound insight about myself and, no, it wasn’t that all […]

Although trading is not for everyone, I try to help those of you who have ventured into this bog with my weekly fireside chats. Today we’re going to climb in our time machine and relive when you were a novice trader when your only concern was finding the system that would give you the keys […]

Last week we embarked on a discussion about how behavioral economist and 2002 Nobel laureate, Daniel Kahneman transformed the fields of economics and investing. I promised we would finish off the discussion with a look at noise, biases, and hindsight. Then Kahneman’s four simple strategies for better decision making that can be applied to both finance and life. Noice Alert […]

Behavioral economist and 2002 Nobel laureate, Daniel Kahneman has transformed the fields of economics and investing. At their most basic, his revelations demonstrate that human beings and the decisions they make are much more complicated — and much more fascinating — than previously thought. At a conference in Hong Kong, Kahneman delivered a captivating mini-seminar on the […]

Technical analysis is as old as dirt but it only caught on as a viable trading tool in the late 1970’s – early 1980’s. When you think about it, a finite number of traders participate in the markets on any given day, week, or month. Many of these traders do the same things over and […]

After the last few newsletters where I anesthetized your mind with the minutia details of QiT’s new development, it’s not unreasonable to think we need to a take a break. Today there will be no puzzling charts, mind-numbing numbers, or eye-glazing metrics Whew! Those were a few heavy newsletters eh? I think we (read me) need […]