By Spencer Li, CFTe · Last updated: 26 October 2026 It is hard to cut your losses and let your profits run because your brain is built to do the opposite. A loss hurts more than an equal gain pleases, so selling a loser feels like making the pain official, while selling a winner feels […]
By Spencer Li, CFTe · Last updated: 26 October 2026 Only two things move prices in the financial markets, and they are supply and demand. When more people want to buy a stock at today’s price than want to sell it, the buyers have to offer more, and the price rises. When sellers outnumber buyers, […]
By Spencer Li, CFTe · Last updated: 26 October 2026 The random walk theory says that price changes are “serially independent”, so yesterday’s move tells you nothing about tomorrow’s, and studying past prices to beat the market is a waste of time. In practice it is about half right. Over a few days or weeks, […]
By Spencer Li, CFTe · Last updated: 26 October 2026 Volume spread analysis, usually shortened to VSA, reads three things on every bar of a chart: how much volume traded, how wide the bar was from its high to its low, and where price closed inside that range. Put the three together and they tell […]
What Is Technical Analysis? A Trader’s Plain-English Guide Last updated: 9 August 2026 · By Spencer Li, CFTe Technical analysis is the study of price patterns and trends in a market in order to trade them. It is, in effect, applied mass psychology, because a chart is the collective action of every participant in that […]