It’s like Groundhog Day. The stock market has pushed back to the highs, the VIX has pushed back to the 12s… Incredible. The longer term picture continues to show some breadth deterioration, but the bears continue to tip over the boat quite easily.
Do you need more proof than this week’s action to understand markets are extremely hard? There’s no choice but to continually bust your ass, tighten up your process and strive for greatness. That’s where we’ll start this week’s edition of top trading links…
PROCESS & STRATEGY:
@crosshairtrader discusses developing your trading process via video. There’s so much gold here, find some time to check this out! David also shared the backbone of his trading strategy.
via @jaltucher 10 ways how to be mentally strong:
“So the best way to be mentally strong is to be honest so all of the fuel in your body can be used efficiently at propelling your brain from strength to strength instead of fighting off the attacks on your weaknesses.”
The top trait fund managers(or any market operator) need to have to be elite via Gatis Roze.
@smbcapital shares a great real time example about being prepared in trading stocks with news.
@JeffVoudrie told us ahead of time not to panic out of treasuries. Great process Jeff! Even if you don’t care about treasuries, there are some great thoughts on a pro’s process here.
@bartscharts used elliott wave theory to analyze gas prices:
A look at the recent Merrill Lynch Fund Manager Survey via ShortsideofLong.com
It’s time to start planning for a biotech correction via @GregGuenthner
@AdamHGrimes suggests thinking about trades in categories.
”The reason why QE hasn’t resulted in high inflation is because it does not have a powerful transmission mechanism through which it can directly impact private sector balance sheets” via @pragcap
INVESTING INSIGHTS:
@MillarAllan shares some interesting knowledge on bank’s Value at Risk models and current regulations.
Here’s a deep dive study on combining value and momentum investing via @alphaarchitect.
Single mothers’ jobless rate as an economic indicator via investors.com.
Demographics are now improving via @calculatedrisk.
@toddwenning shares six takeaways from the Berkshire Hathaway shareholders meeting.
Bill Gross’ latest investor letter.
@TrenGriffin shares his 12 lessons learned from legendary value investor Irving Kahn.
“You don’t have to be fully invested all the time. Have patience, keep your standards.”
HAPPENINGS:
Bitcoin is catching on in Argentina. Two takes: NY Times Fortune
Target date funds continue to gain popularity.
Scientists have figured out how to make antibiotic resistant bacteria devolve.
It’s a bull market in… U.S. expats?
Nevada allows testing of self driving 18 wheelers. What a road to go down!
Funny of the Week via @contrahour:
Thanks for reading!
