The recent passing of Donald Rumsfeld caused me to reflect again on his (in)famous "known knowns, known unknowns and unknown unknowns...

Every trader on their own journey will encounter some lessons which are critical to their long-term development and ultimate success. These ...

Just before Christmas I received the following from Stefan, an aspiring trend follower based in Germany:

We know that markets can move from a trending to non-trending state, or vice versa, at any time. But as Ed Seykota says, there is no such th...

David Druz is a long-time trend follower who was the first mentee of Ed Seykota. He has run Tactical Investment Management since the earl...

In the last couple of weeks we have seen an ever-increasing level of volatility within the context of a sharp drop in price in the major mar...

This week I received the following testimonial from Stephen, who I have now known for a number of years and has been an active member wi...

The stoic philosopher Epictetus once said that  “We have two ears and one mouth so that we can listen twice as much as we speak.” In t...

Following on from my previous post about the use of volatility-based position sizing, here is a little wrinkle you may want to consider: Ty...

Often you see people talking about a winning trade, and how far in percentage terms price moved in their favour after entry. But on its own,...

The past has happened. The future doesn't exist. Therefore, we can only react and respond to what is happening in the moment of now. ...

On my last post, I talked about the recent big winning trade in Bitcoin on the long side from earlier this year,which generated a +21R prof...

"We have a saying here: "It is incredible how rich you can get by not being perfect." We are not looking for the optimum m ...

A couple of my more popular posts from past years relate to Jack Nicklaus, where I listed a number of quotes from his extensive writings...

The last couple of months have been very positive as profitable downtrends have appeared in a number of stocks, both at home and abroad. For...

I've seen it said that one of the goals you should have as a trader is to try and make money when things are easy, and that you should b...

I've mentioned a few times this year, both here and on social media, that the current levels of volatility may seem quite high (certainl...

A lot of the people who were profitable in 2008 became unstuck the following year. They seemed to get in their head that, once the markets s...

If you subscribe to the Mark Douglas theory that in the markets anything can happen, at any time, then you will know and accept the potentia...

A couple of weekends back, while on the train to London, I posted this up on Twitter: The traders I was going to meet were Craig and...