Pencil Me In, Coach I Perch Observations #20 I November 29th
Simplifying the market screening process I Weather Report covering futures, equity indices, stocks, bonds, commodities, currencies, and crypto I Disclaimers
Before we get into the chart review, reading the latest price action and Podcast suggestions, I want to talk about trade journaling. In order to automate your process, you have to know your process. Many have asked me where to get started and what to log in the first place. A ready-to-use trading log can be found at this link, and this podcast has good tips on what to track:
The journaling included: why did I get into the trade? … I wish I still had those notebooks because they were very detailed. Like:
What was I thinking?
What was I feeling?
Why was I doing it?
Was I buying it because someone else in the firm liked it?
Or did I actually have conviction on it based upon my rules?
Not a recommendation or endorsement I Not investment advice
Welcome to Little Bird Trading. My goal is to simplify your market screening process so subscribers can own charts like this:
All weather reports cover two time frames:
“Traders” — Target holding timeframe of days to weeks.
“Investors” — Target holding timeframe of weeks to months.
No Risk 7-Day FREE Trial
Unlike the markets, I’m offering a risk-free setup. Not sure yet about Little Bird Trading? Please use the 7-day free trial button to experience everything Little Bird Trading has to offer.
Not a recommendation or endorsement I Not investment advice
Pencil Me In, Coach
After the latest bout of volatility and the headlines trying to rationalize it, I think this quote from the the Jack Schwager of podcasts, Kevin Muir, is worth opening with and thinking about:
As a guy who sat on a desk and had orders that moved markets, it’s way more random and arbitrary over the short run than anyone imagines.
…
So people read everything into like the one specific day, and it’s just BS. It is way more random than people think over the short run. Over the long run, it all gets sorted out, and it is going to go where it’s going to go. But to explain the short-term movements so precise, I just laugh whenever I hear someone saying it.
Below the paywall line in Back To The Beginning I Perch Observations #19 I shared the following charts and wrote:
Let’s zoom in and discuss further…
Disclaimer: Little Bird Trading and any of its associations may or may not, whether long or short, have a position in any instruments. Not investment advice. Provided for informational purposes only. Not a recommendation or endorsement. Not registered or licensed. Model portfolios are property of their respective owners. All data is sourced from publicly available information. No guarantee is being made or offered. Not responsible for financial loss or ruin.
Enjoying this content?
Subscribe on Substack