Does Money Motivate? It is generally accepted that money is a motivator; if you link pay to performance, performance will improve. For that reason, many people’s salaries vary with their performance. This is most prevalent on Wall Street where bankers and traders receive most of their compensation in the form of incentive-based pay. In his…
Trading Lessons Year after year I use the same basic principles and methods, just apply them in different ways to suit the current market conditions. One of the constants that never seems to change is human nature- how fear and greed guide the market action. Succumbing to either of these emotions often leads to financial…
The complexion of the market changed considerably in June as fatigue finally set in after a very strong rally. June was littered with a spate of heavy volume down days, especially in tech stocks, which is not ideal for this aging bull market. The biggest negative divergence occurred in the Nasdaq and the Nasdaq 100,…
Trading is Like War The stock market is a war between buyers and sellers, who each want to take the others money. The stock market is rough, and if you don’t approach it with the disposition of an irritated general, you will lose. In the stock market, nice guys finish last. Sun Tzu’s “The Art…