Sunday, April 12, 2009

Emailing and Other Housekeeping Notes

* Cutting Back on Emailing - One downside of increasing blog traffic is the simultaneous increase in emails. In the last month, blog traffic has risen by close to 50% and emails have kept pace. It's quite gratifying to see that the blog is reaching a wide audience; it's also quite daunting to face dozens of emails each time I log into my account. From a purely statistical vantage point, if only 1/2 of 1% of daily readers send an email, I would have to spend a little over 3 hours each day reading and responding. Over a seven day week, that's a half time job in itself! For that reason, I will need to limit coaching-related emailing to traders that I work with professionally. If readers of The Daily Trading Coach have questions related to the self-help coaching techniques in the book, please use the dedicated email address provided in the text and I'll get right back to you. Sorry for any inconvenience.

* A Note on Themes - The recent blog post took a look at intraday themes that connect markets and their relevance to trading. From a thematic vantage point, it might be useful to view range markets as rotational ones, in which capital is shifted from certain sectors to others. The behavior of other assets classes will often dictate the direction of this rotation. Look for broad stock market shifts when the rotational shifts themselves undergo change. More on this in my Twitter posts.

* Always Looking for Links
- You'll notice that many of the Twitter posts link articles from the mainstream media and blogs that capture big picture market themes. If you come across articles or blog posts that provide unique insight into markets, by all means feel free to use email for that purpose to send me the links. I'll be happy to pass along to the Twitter and blog readership. This can be a great way to bring attention to good work out there.

* A Thought - Too many traders judge their trades by where the market went after their exits, rather than by whether they had a good idea and executed that idea well. If you judge yourself by criteria outside your control, you'll never sustain confidence and well-being.