Losing money is the least of my troubles. A loss never bothers me after I take it. I forget it overnight. But being wrong — not taking the loss — that is what does damage to the pocketbook and to the soul.

Scalping and Price Action

I have over the years given many talks on price action and scalping, as well as talks on the statistics of stock indices. I believe I am the only one in the world who has ever pointed out some statistically significant patterns in the behaviour of stock indices, dependent on the day of the week.

This presentation reveals some of my findings.