Further Reflections On Partridge
I can wait without having a twinge of impatience. I can see a setback without being shaken, knowing that it is only temporary. I have been short one hundred thousand shares and I have seen a big rally coming. I…
Price Is A Liar
When I wrote “Fade The Rally” two weeks ago it was not a popular view. Technicians were wondering if a major bottom had been put in place. Two big down days in the NASDAQ later and they are starting to…
Partridge: It’s A Bull Market You Know
Perhaps the most important thing ever written on trading is Chapter 5 of Reminiscences of a Stock Operator – Jesse Livermore’s story. In that chapter, Jesse introduces us to Partridge. When told to sell his position in a winning stock…
The Zen of Trading: Balancing Stubbornness and Flexibility
I recently read the iconoclastic psychiatrist Mark Epstein’s book The Zen of Therapy and it had an enormous influence on me. Epstein’s professional project has been to synthesize Buddhism with Western Psychology and it is an extraordinary success in my…