Spectra Markets

This is the free preview of the Alpha Trader audiobook. A fun and exciting story about one of the craziest trading days of Brent's career.

Three existential questions for traders.

You can find edge in math, and you can find edge in narratives. The best edge comes from being able to use both.

Market profile is a simple, visual, and technically useful way to look at short-term price action.

Knowing where to put your stop is just as important as being right on the trade.

Finding your edge and then evolving it over time is essential.

Being able to identify, and adapt to, regime change is critical for finding your edge in trading.

This piece is in response to three questions I am very often asked by younger traders: “Is it OK to get back into a position after you have been stopped out? Is it OK to add to a losing position? Is it OK to move your stop loss on a losing position?” My answer to all three is mostly “NO!” But there are times when these three normally-destructive behaviors can be appropriate.

Mental flexibility is crucial to becoming an excellent trader.

A common sense approach and obvious trades that the market hasn't priced in yet are a great way to find ideas.