May 22nd, 2009

Buy Into Motion = Chasing A Trade

When a trader sees the market take off, then decides to place a trade, just because the market moved a little bit in one direction or another he/she is chasing a trade thus buying into motion. Never buy into motion. The reason is you see the motion, get excited, enter a position, and then try [...]

November 5th, 2008

Chasing the Illusive Moby Dick!

What I have seen that is a problem in this day and age and especially in the trading world is the addictive pattern many find themselves in called “chasing Moby Dick”.  This is a plague that gets more people in trouble than any other trading challenge.  The signs are as follows. The trader is eager [...]