Category: Uncategorized

My Lucky Toilet Break In Trading

Fresh out of Uni on the 10th of October 2001 I started my trainee program modeling itself on the turtle Trader schemes run by Richard Dennis and William Eckhardt. The firm’s idea was that anyone could be plucked off the street and trained to be profitable. Traders would follow a tried and tested strategy and learn…

By The Balanced Trader January 7, 2023 Off

Double Tops and Back Testing in Python

A double top is a bearish reversal pattern that is formed after an uptrend. It is characterized by two consecutive peaks at approximately the same price level, with a moderate trough in between them. The double-top pattern is completed when the price falls below the low point of the trough. It’s important to keep in…

By The Balanced Trader January 5, 2023 Off

Post Powell Jackson Hole

Gap to the prior close filled but auction was unable to hold inside Fridays session range and closed below its POC. There is little to get excited about for longs. Buyers failed miserably to accomplish anything other than to close the gap. $SPY #ES_F Non XS lows look vulnerable. 4081 was such an important level…

By The Balanced Trader August 29, 2022 0

A Reminder to Myself

I just got off the phone with my friend and one-time mentor. He had a terrible week full of poor trading mistakes and emotionally driven f*ck ups. I know this is someone who is very process-driven and honest to himself. He didn’t…blame anyone but himself! He reflects that his week started poorly because of a…

By The Balanced Trader June 18, 2022 0