12/7/2025 – Here’s a essential idea: Any success you expertise as a dealer might be a leveraging of success you’ve got already skilled in another space of life. Success is a operate of what you like (your passions) and what you are good at (your abilities). The strengths which have made you profitable up to now are what it’s important to draw upon to search out success in markets.
Now you perceive why it’s so damaging to search for gurus to comply with to your market success. There are numerous would-be gurus on the market and so they’re within the social media enterprise of gathering followers. However following them virtually definitely takes you away from your self. A real mentor or coach would get to know you and what has made you profitable after which assist you leverage that to search out success in markets.
What are *your* strengths; *your* sources of which means, ardour, and success? How will you reach buying and selling by being extra of who you already are if you’re at your finest? These are a couple of of the matters we’ll discover in Wednesday’s webinar. Particulars for signing up are in daring textual content beneath. Thanks to your curiosity!
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12/7/2025 – I’ve participated in recruitment/hiring at a number of massive hedge funds and with fairly a couple of hedge fund groups. The primary predictor of a great rent (and an eventual profitable dealer) is my response to their description of their buying and selling processes. If I’m stunned by the distinctiveness of what I am listening to and am struck by the innovation of what I am listening to, that may be a nice predictor of success. Nice merchants do issues enormously, and which means going past the herd.
However I am undecided we will do issues enormously if we do not perceive the strengths that make up our potential greatness. What makes us totally different, particular, distinctive, and profitable? Can we actually construct one thing nice if we spend all of our time fretting about shortcomings and issues?
Within the upcoming Zoom webinar on Wednesday at 4:15 PM (see beneath), we’ll focus on strengths and I am going to share a questionnaire that helps us establish the sources of our greatness. If our buying and selling is just not a mirrored image of what we do distinctively, we’ll by no means obtain distinctive buying and selling outcomes.
Hope to see you on Wednesday!
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On Wednesday (December tenth) at 4:15 PM ET (after the NYSE shut), I’ll conduct a Zoom webinar on the subject of strengths. I am going to share an internet questionnaire from analysis I’ve performed at hedge funds and can assist you rating it and interpret and apply the results–to life and to buying and selling.
The webinar is free and I will not be attempting to promote you any teaching providers. E mail me at steenbab at aol dot com and I am going to ship the Zoom hyperlink; registration might be restricted.
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12/4/2025 – So this is what I am investigating in my latest analysis:
We are able to establish market breadth by monitoring the variety of shares in an index which can be buying and selling above numerous transferring averages: 5 day, 10 day, 20 day, and so forth. We are able to additionally establish breadth inside sectors by monitoring the variety of shares in that sector buying and selling above numerous transferring averages. All good: we will see if the market is stretched and if particular person sectors inside the market are stretched. That permits us to backtest how the market and sectors have behaved in these stretched circumstances.
Here is the brand new half: What can we be taught from the variability of sector breadth? In different phrases, what does it inform us when sectors have very comparable breadth and when their breadth is kind of totally different at a given time limit? May that variability be a technique of quantifying rotational environments (sectors with extremely variable breadth) versus trending ones (sectors with very comparable breadth)? May the trending/rotational atmosphere be an essential variable in forecasting future value motion?
I’ve extra analysis to do, and it is wanting like differentiating rotational environments might be promising: how the market is rotating could also be simply as essential as the truth that it’s rotating. The purpose right here is that once we examine new issues and have a look at markets in new methods, we rejuvenate our buying and selling.
Once we workforce up with others who discover distinctive methods of markets, we maintain one another energized and engaged–and that’s the finest atmosphere of all for our buying and selling psychology.
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12/3/2025 – Profitable merchants ask distinctive questions, and that helps them generate new edges of their buying and selling. After I left the latest workforce assembly, I discovered myself pondering the cyclical up-and-down conduct of market indexes and questioning if shifting variability within the motion of assorted index elements is a marker for cyclical shifts. For instance, can we see extra dispersion of value conduct within the elements of the NYSE as we transfer from bull traits to topping behaviors to reversals to bottoming motion? In fact, this results in all types of experimentation with measuring dispersion. Can we do this by monitoring the person shares? The sectors and subsectors inside the index? How a lot dispersion and lack of dispersion is important in signaling development shifts?
I’ve already spent hours on the analysis and can spend a great quantity of weekend time on it as properly. What is important with respect to buying and selling psychology is that asking recent questions has recharged my curiosity in buying and selling. I discover myself excited every day to see how dispersion and market conduct unfold in actual time. The thrill comes, not from P/L and definitely not from doing little psychological and stress administration workouts, however from innovation and the enjoyment of taking part in a technique of discovery.
After I learn the journals of merchants, I discover a few of them constructive and informative. Not often do I discover them inspiring. Not often do I discover merchants actually enthusiastic about constructing and doing new issues. It isn’t the presence of stress and uncertainty that destroys merchants; it is the absence of the enjoyment of discovery and innovation.
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12/2/2025 – What goes into your buying and selling that stands out? That’s actually insightful and distinctive? What do you do in markets that’s particular? Too usually, merchants search for simple solutions by following “gurus” and find yourself doing nothing distinctive themselves. Is that this a system for fulfillment in any space of life? When you aren’t doing one thing particular in your buying and selling, why would you obtain particular outcomes?
Innovation, creativity, the power to understand distinctive alternative: these make for fulfillment in any entrepreneurial effort. Once we see and do distinctive and particular issues, our expertise is thrilling, significant, and purposeful. Our efforts give us power. We are able to work on our psychology all we wish, but when we’re not innovating and galvanizing ourselves by discovering new and higher alternatives, then all we’ll accomplish is being extra relaxed and grounded in our mediocrity.
Those that obtain excellent outcomes accomplish that by standing out, even within the smallest particulars of their work. I just lately met with a bunch of profitable merchants and listened to what they give thought to and the way they assume. I went away with my head spinning, recent with new concepts to analysis and pursue. The most effective mentors stimulate us to ask questions we have by no means requested earlier than.
Extra to return…