You Are Your Own Guru
Part 1 of a Course on the Laws of Nature in Trading and how this empowers you to be your own guru
Trading in the Eye of the Storm
The eye of a storm is at the center where there is calm. In the midst of the many socio-economic storms currently moving around the globe, making decisions is often swayed by crowd behavior or pain as prices race in both directions. Opportunities present themselves during chaotic, panic driven times. Opportunities often missed due to all the "noise".
This was how I described trading on the various options exchanges I have been a member of.
There was a learning curve making the switch from floor trader to retail trader from a home office. It's true human behavior is measurable and trackable and it does repeat itself on a fairly consistent basis. It has to! Why? Because human beings are a part of nature and the law of nature does exist. Recognizing, knowing, and accepting the law brings a sense of understanding of the "logic" behind the "curtain" and brings us into the "eye of the storm" where there is calm.
This course gives you an important introduction to trading within the laws of nature.
Your Instructor
Michael’s history with the financial markets dates back to 1979 on the Pacific Stock Exchange Options trading floor. He has traded in the U.S., U.K. (London Traded Options Market), Netherlands (Amsterdam’s European Options Exchange), and Germany (DTB).
He is an internationally published analyst of technical analysis (SeekingAlpha.com, European Traders Daily, Global Market Strategist and GMS Techstreet.com), covering the major indices, bonds, currencies, and commodities of Europe and the U.S. Currently, Michael is based in San Francisco and continues to analyze, trade, and research the markets.
The eye of a storm is at the center where there is calm. In the midst of the many economic storms currently swirling around the globe, making decisions is often swayed by crowd behavior or panic as prices race in both directions. Opportunities present themselves during chaotic, panic driven times. Opportunities often missed due to all the “noise”.
As a Market Maker on the San Francisco, Amsterdam, and London options trading floors, Michael studied the psychology both employed and self-employed by the most successful traders. Most if not all successful traders have the ability to stand within the chaos and pull out opportunities without succumbing to the panic itself.