Archive for Boris Schlossberg

How To Bounce Back After Getting Hit By a Bus

“Everybody having fun yet?” I tweeted the other day. “Between Wen and Junker its like shades of 2008 $EURUSD”. This past Thursday the euro managed to spike to within a few pips of 1.3200 only to drop like a stone a few minutes later crashing though 1.3100 on some negative comments regarding the never ending [...]

Morons Increase Margin

An interesting thing happened to my experimental account lately. You remember - the one I blow up every few months or so. Over the past few months that account has not just survived, but has actually thrived performing better than even some of my “real” money accounts.

Last week I wrote that the [...]

Losers Add to Losers

“I got a horse right here, his name is Paul Revere and here’s a guy who says if the weather’s clear, can do, can do. This guy says the horse can do. If he says the horse can do, can do.” - Guys and Dolls.

I’ve been killing it in Flow lately and my real account [...]

How Much Do You Want To Make?

One of my favorite traders of all time is Paul Tudor Jones. In a business that destroys most money manager within three years he has survived for more than thirty trading on nothing more than his wits and an iron-clad risk discipline.

In an interview with Jack Schwager a long time ago Mr. Jones offered [...]

Moonshot

In this week’s Huffington Post piece Richard Branson, the intrepid British entrepreneur writes, “The private space revolution is gathering pace. In the first years of operation, Virgin Galactic, which has already signed up nearly 500 customers, aims to take more people up to space than have been there in the first 50 years of space [...]

Four Forex Questions for the New Year

1. How many times will I trade?

As I noted recently this is perhaps the least asked yet the most important question you can answer. The frequency of your trades will determine the amount of risk you can assume. This is not a philosophical discussion but a pure function of statistics and you ignore it [...]

The Most Important Formula For Trading FX

The more you trade the more you lose. That thought struck me like a thunderbolt as I jumped out of my hotel bed with a jolt. We were in balmy Bahamas getting ready for K’s wedding but trading obsessions never rest so I grabbed my Ipad, trudged down to the coffee shop and started [...]

Why You Should Love The Whipsaw Trade

Do you know what most traders hate the most? It is not losing money - everyone understands that losses are part of the game. What traders hate the most is getting whipsawed. Go long, get stopped. Flip the position, go short and watch in horror as price retraces to your original entry and stops you [...]

Trader’s Mind Tricks

Let’s say I told you that you could make 25,000 dollars by risking 25,000 dollars. Would you take the bet? Probably not. Like most people you would want to be able to make at least 50,000 dollars on 25,000 dollars worth of risk. And therein lies the problem.

Psychological studies have shown that human beings feel [...]

A Simple (But Not Easy) Way to Double You Money in FX

Hosting an FX street webinar this week I made an off the cuff remark that when trading Flow I aim to make 20 pips for every 3 trades I take. I was instantly greeted with derision in the chat room.“So little! Why even bother?” Which of course sent me into a state of [...]