Spectra Markets

You can buy the full audiobook on Audible here: https://www.audible.com/pd/B0CGG8Z528/?source_code=AUDFPWS0223189MWT-BK-ACX0-364897&ref=acx_bty_BK_ACX0_364897_rh_us.

Three existential questions for traders.

You can find edge in math, and you can find edge in narratives. The best edge comes from being able to use both.

Market profile is a simple, visual, and technically useful way to look at short-term price action.

Knowing where to put your stop is just as important as being right on the trade.

Finding your edge and then evolving it over time is essential.

Being able to identify, and adapt to, regime change is critical for finding your edge in trading.

This piece is in response to three questions I am very often asked by younger traders: “Is it OK to get back into a position after you have been stopped out? Is it OK to add to a losing position? Is it OK to move your stop loss on a losing position?” My answer to all three is mostly “NO!” But there are times when these three normally-destructive behaviors can be appropriate.

Mental flexibility is crucial to becoming an excellent trader.

A common sense approach and obvious trades that the market hasn't priced in yet are a great way to find ideas.

In trading, unlike in life, you should sweat the small stuff.

If Dr. Seuss and Eminem had a 50-year old son...

Jumping in at the mega-extremes is risky but can be a great way to time a trade.

Timing in trading is everything.

Selling vol is a dangerous, but high-expected value way to trade boring markets.

Taking a look at the most important traits of good traders, including a recent survey we did.

There are various ways to use gaps in your trading.

Ups, downs, triumphs, and slumps are all part of trading.

In order to trade effectively, you don't need to have a certain personality - but you do need to understand your own personality and work with it.

Writing down helps improve your trading in a number of ways.