Archive for: March 2006

March Madness – aka the NCAA college basketball tournament – is known for its fabulous upsets and its infamous chokes: like Gonzaga choking against UCLA in the Sweet Sixteen last week, losing in the final 10 seconds of the game …

Traders who want to be successful must believe that they are responsible for the outcomes of their trades – both losers and winners, says Bob Prechter. They particularly have to learn how to deal with losses, since losses are part …

Reserves are funds in our account that are held back from trading, and usually parked safely on the sidelines in risk-less money-market instruments. The effect of holding reserves is to reduce net leverage. A workable rule of thumb that has …

When a baseball player in his late 30s hits the ball harder and more often than he did in his mid-20s, none of us believes that’s “normal.” The latest news about Barry Bonds’ alleged steroid use strongly suggests that it …

At 47 years old, Julio Franco is the oldest player in major league baseball by more than four years. He broke into the majors in 1982 ? one year before Carl Yastrzemski retired. That’s what you call “experience.”

Pyramiding is adding to positions as price moves in the desired trend direction. Pyramiding is a highly aggressive trading strategy suitable only for full-time professional traders who know how to control risks and have the discipline to execute a tested …