Here are some very interesting posts by other bloggers which I found interesting.
Cross-Talk: Trading Coaches as WhoresÂ – Brett Steenbarger makes some excellent points here about both how the reality is that some folks just are not cut out to be top level traders. This is something folks in trading education tend to shy away from, especially coaches. Obviously, they’re financial interest is in people thinking they can achieve greatness. It’s the classic conflict of interest. This is a big reason why I have always made sure any coaching arrangement I’ve entered into has had very specific objectives and isn’t just some rambling engagement with no definition. I’ve written on this subject before (Trading Coaching and MentoringÂ and Trader Development: The Value of Coaching and the Difficulty of Finding One)
Dow 300 Point Days and Volatility ClusteringÂ – This is an interesting discussion of a topic which has been making the rounds among some bloggers in recent days. The post shows some nices statistics on the difference between Bull and Bear markets. It’s always work studying price action, as I discussed in The Essentials of Trading.
Making The Plan Your OwnÂ – This posts hits a couple of points that I try to harp on right on the head.
I Think We Have Turned the Corner Due To the SEC Decision – I’m not sure I necessarily agree that this particular action has turned things around. He makes some good points, and it stablizes a portion of the market, but there are a number of much wider issues still plaguing the money and credit markets. Confidence and the willingness to take risks are just not anywhere near back to “normal” levels.