Saturday, March 28, 2009

Best of Dr. Brett for 2006

It's been a great year, and I want to wish all readers a very happy and prosperous 2007. Below are links to TraderFeed posts from the first half of 2006 that capture a few of my New Year's thoughts--and resolutions! Tomorrow I'll post links to favorite psychology posts from the second half of the year.

* How I use volume flow information in trading to capture the market's psychology;

* Why I find historical analyses of the markets to be useful;

* Reflections on life and the markets;

* Why having odds in your favor doesn't assure success;

* How the S&P 500 Index behaves on a very short time frame;

* Some defining features of market pros I've worked with;

* VIX as a measure of daytrading opportunity;

* A psychology checklist for traders;

* Lessons that traders have taught me;

* Why scalping the stock indices has become so difficult;

* The opening range and market opportunity;

* A solution-focused framework for working on one's trading;

* How the markets confound human nature.

* The most common trading problem of all.

* Why traders lose their discipline.

* Diagnosing trading problems.

* Playing it safe avoids reward as well as risk. Even for investors.

* Living the heroic life: Part one, two, three, four, five

* What a bodybuilder teaches us about life success.
* Smooth vs. choppy moves and what they mean: Part one, two;

* What it means when there are lots of bears out there;

* What every short-term trader should know; one of my best posts, IMO;

* Why attacking your trading problems can be a mistake;

* Markets and people are wired differently;

* NYSE TICK and stock market momentum;

* Identifying breakout trades;

* Mean reversion as a trading strategy;

* The need for dynamic thinking in trading;

* What a market's opening minutes tell us;

* A framework for looking at markets, short-term;

* Why it's easy to lose money when trading;

* Trading opening gaps, Part One, Two;

* Life lessons from trading;

* What contributes to trader success?

* Shifts in the NYSE TICK and their significance;

* A very simple psychological test;

* What a lack of discipline can teach us;

* The multiple personality of the stock market;

* Learning how to lose at trading;

* Becoming your own trading coach;

* How people make changes;

* Identifying market reversals;

* Lessons from sport psychology;

* An important psychological skill for traders: Part One, Two;

* Figuring out how much opportunity is in the market;

* Finding your niche as a trader: one of the important ideas from my recent book.

* Four facets of market psychology.

* Participation in a market move affects the likelihood of continuation vs. reversal.

* What happens in the brain affects how we trade.

* My advice for new traders.

* How personality traits affect trading discipline.

* More observations on life and markets.

* Market patterns are different from our own thinking patterns.

* Tracking how large traders are behaving in real time and why big traders matter.

* The safest times to trade are the most risky.

* Good example of the value of looking at historical trading patterns.

* The importance of trading the right things, not just the right ways--even for daytraders.

* Do gaps tend to fill?

* Why short-term trading has been so different from investing in recent times: the market is really two different markets.

* Becoming your own trading coach: Part one, two, three.

* More on the solution focus in trading.

* Unappreciated problem: addictive trading. Here's a self assessment.

* What you trade should match how you trade.

* Myths in trading psychology.

* Style cube: one way of thinking about *what* you trade.

* Some trading wisdom.

* What we see on charts is not necessarily what we get in the future: perceptual distortions.

* Success takes a lot more than taming emotions.

* A different way to measure market sentiment with relative data.

* Learning how to lose: a key to winning.

* We can learn a lot from the opening minutes of trade.

* Steps we can take to develop ourselves as traders.

* Devon's post: an important principle.