Categories
Charts

Every trading strategy has drawdowns

Not that I hadn’t learned about it before, but getting more practice day by day, living through the ups and downs makes me realize even better why trading is hard. Professionals don’t just rake in profits, they also need to take risks that often result in expected losses along the way. In fact, one’s trading […]

Categories
Book Reviews

Brent Penfold – The Universal Principles of Successful Trading – Review

I hadn’t come across Brent Penfold’s work until I heard him speak on a podcast. His content felt professional and was enjoyable to listen to. It felt I needed to get a hold of his book The Universal Principles of Successful Trading that was published in 2010. In the introduction Brent writes about the fact […]

Categories
Book Reviews

Richard L. Weissman – Trade Like a Casino – Review

I had this book in my reading list for a long time after seeing several recommendations online. The title looked interesting due to the fact I had read from different sources how poker and odds of many casino games also apply to trading. The summary revealed some good and original points that made the impression […]

Categories
Blog

All stocks are bad unless they go up in price

This is a quote from William O’Neil, a market veteran whose bestselling book I recently read. I’m going to publish a review of the book soon. But the title says it all about my approach to trading. If a stock has momentum and is going up, I want to be onboard until it lasts. I […]

Categories
Book Reviews

James Clear – Atomic Habits – Review

I hadn’t heard about the author when I saw several recommendations to read the book about habits. I got it out of curiosity and due to the fact I’d been focusing more on my psychological skills for trading in the past couple of years. The book was published in 2018, but in the introduction the […]