Lumberyard Larry’s “sawdust” technique for extra trading income
Hundreds of years ago, there was a one-legged man called Larry. Larry owned a lumber yard, and his timber products were the finest in the land. People would come from far and wide to buy his wooden planks, tiles and posts. But “Lumberyard Larry” had a problem. At the...
Some markets are tough…
I have to say that some markets are really tough. When it comes to breakout trading, I can pretty quickly create a viable, reliable strategy on nearly any market. But there ALWAYS will be some exceptions. Exceptions, that give me a really hard time. And that takes me...
Trading book for snobs (for FREE)
If you’re like me, you’ve probably read A LOT of trading books. And in that case, I think you can proudly call yourself a “trading books snob” as well 🙂 Here’s the thing: The more trading books you’ve read, the more you have to compare. And the more you compare, the...
What would you like us to share?
Ten years ago, I had a GREAT trading mentor. His name was Mike and I’ve already talked about him several times in the past. He was a former CIA agent, a military pilot, and a real genius. He taught me everything about the most important thing in trading… THE RISK. He...
I can’t believe we did this
The other day I saw an ad on TV which reminded me of a shocking (and highly dangerous) thing we used to do as kids. The ad was set in a car. The car was full of people, and the passenger sitting in the middle of the back seat wasn't wearing a seatbelt. Everyone was...
Are these trading wisdoms real or myths?
Have you ever heard someone say: “The safest place to stand during an earthquake is in a doorway.” Or how about: “Using a cell phone while pumping gas can cause an explosion.” Or perhaps you’ve even heard: “Microwaving metal will blow up the microwave.” We hear these...
How to have more winning trades
I have to admit, it’s not always easy for me talking about this “having more winning trades” stuff. First of all, I realized that in our hedge fund, there are other ways to maximize our results. (Clue: Dynamic Position Sizing). Second, I believe that a well-crafted...
I did NOT study at a trading school…!
People seem to be VERY surprised when they realize that as a professional trader and hedge-fund manager/owner, I did NOT study at any relevant school. But it’s true. In fact, I studied at a FILM school. I always loved watching movies. So, since I was 11, I wanted to...
Profitable strategies going to the trash…
We are throwing away hundreds of strategies that made us a LOT of money. Seriously. When I launched my hedge fund a few years ago, it was with a big database of exceptional, high-quality breakout strategies (all built with the framework I share in the Breakout...
Think different
These 2 words probably remind you of the Apple advertising campaign in the late 1990s. The campaign was a huge success, and featured a number of iconic personalities, including Albert Einstein, Martin Luther King Jr, John Lennon, Thomas Edison, Muhammad Ali, Mahatma...
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