Market Masters

Market Masters: The Trader’s Journey; The Hero’s Journey

I am a quantitative-discretionary trader. I have made it one of my life’s goals to understand how financial markets move, to understand how to predict those movements, and to understand the limits of what can be predicted. Much of what I write focuses on these ideas and the reality of…

Market Masters: Stop Trading! – What’s Your Edge?

by Charlie Bilello “Both poker and investing are games of incomplete information. You have a certain set of facts and you are looking for situations where you have an edge, whether the edge is psychological or statistical.” – David Einhorn The Lake Wobegon effect is the natural human tendency to…

Market Masters: Why Emotional Intelligence Gives Investors An Edge

The amount of information available to investors today is mind-boggling. Not only is there a ridiculous number of opinions and research reports available, but the ability we have to sort through historical market data is something investors from past eras could only dream of. Computing power now allows investors to…

Market Masters: Learn To Trade Like A Pro

By Mike Bellafiore What is one of the biggest differences between a Consistently Profitable Trader and lesser traders?  The Consistently Profitable Trader doesn’t care if he is right. In One Good Trade I urged new and developing traders to focus on the process of their trades and not the result….

Market Masters: How To Manage An Iron Condor Trade

For many professional option traders, iron condors form the basis of how they generate monthly income. Iron condors are a strategy that allows you to profit from sideways moving stocks, but they can also profit if the stock experiences slightly higher or slightly lower prices over the course of the…

Market Masters: Trade The Chart, Not Your Heart

“Man, I wish I’d gotten out of that trade when price dropped under that support level.” Does this sound familiar? Have you ever let a trade get away from you? Of course you have and so has yours truly. If you’ve ever traded the stock market, there is  a 100% chance…