I post my personal writings here. I am Ted Hearne, a trader and writer currently living in the United States. Everything here is personal, not collective, thus these writings, opinions, ruminations and thoughts are my own. I write mostly for my own amusement, but happy to share with you if you would like to explore […]
We speak here of how the crowd seeks direction. And we speak of seeking direction when direction is not apparent. When the market is in congestion, we know that direction is uncertain. That is what congestion is, a weaving back and forth between upper and lower limits, with the ultimate exit direction from those limits […]
In many disciplines it makes more sense to monitor the ending of the old with the idea in mind that this ending gives us early warning of the new.
Certainly that is true in fields like trading, where we are interested in activity on the edge, on the margin, in the evolving present, in the real time of now.
We speak here about fear, and how one learns to overcome it, and about how one learns in general. As my friend Charlie says, “fear is the product of an undisciplined mind.” Therefore it can be eliminated through the application of discipline. If you always have perfect discipline, you can stop reading now. End of […]