Blog update

In my "State of the blog" post I mentioned Michael would be making some guest posts. However, Michael decided not to move forward citing some reasonable concerns:

"I appreciate the opportunity but as I tried to distill my methodology into a post, I realized there was just too much subjectivity. The last thing I want to do is put something out there only to have people try to trade it and lose money, which is a feeling that you touched on in a post a while back. I have documented rules, but I've come to realize that those rules make up about 40% of what I do in a trade, with the other 60% being experience, instinct, and how I analyze price action. That's just too hard to document in a post."

There was more from Michael, but I understand his perspective. He did say he was going to try and work on it more, and may want to make a few posts in February.

On another note, I was humbled to get a mention from Brian Lund on his site. He referenced my post "Chasing Success", and how it changed his trading life. Here is a small excerpt:

"Remember, this was in pre-StockTwits days, and up until that point I had never heard somebody talk so plainly and in such a common sense way about trading. It was as if a lightning bolt struck me and shocked my out of my sinning ways.

It took a while to completely sink in and I had a number of stumbles along the way, but it was the beginning of the transformation of my trading life. I began to take a “trade less, make more” approach and narrowed the types of trading setups I took to just a handful."

Read his entire post here, and many thanks to him for the kind words!

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