The Traders Journal

Gatis Roze
About the authors: , CMT, holds an MBA from the Stanford Graduate School of Business and is a past president of the Technical Securities Analysts Association (TSAA). He is also the co-author of Tensile Trading: The 10 Essential Stages of Stock Market Mastery (Wiley, 2016). A full-time investor for over 25 years, Gatis has taught sold-out investment courses throughout the Pacific Northwest and beyond since 2000.

Grayson Roze
is the author of Trading for Dummies (Wiley, 2017) and Tensile Trading: The 10 Essential Stages of Stock Market Mastery (Wiley, 2016). He has worked in the financial services industry for StockCharts.com since 2012, and now serves as the Business Manager for the company. He holds a Bachelor's degree from Swarthmore College.

Latest Posts

The Traders Journal

What I Learned from 30,874 Trades

by Gatis Roze

Thomas Edison said “Vision without execution is hallucination.” Real estate experts love to claim that success is based on “location, location, location.”  For his recent book, The Art of Execution (Harriman House 2015), Lee Freeman-Shor analyzed over 30,000 trades by 45 professional investors and concluded that success in the stock market comes down to “execution, execution, execution.”   Freeman-Shor groups investors into five tribes – Rabbits and Raiders whose behaviors put them on the losing side, and Assassins, Hunters and Connoisseurs who are Read More 

The Traders Journal

How I Deal with Trading Losses

by Gatis Roze

“I’m the only person I know that’s lost a quarter of a billion dollars in one year It’s very character building.”   -- Steve Jobs I have to say this up front:  I hate to lose.  I work very hard not to lose.  As Paul Newman said, “Show me a good loser and I will show you a loser.”  The closest I’ve come is that I have learned to cope with my losses in a manner that results in the least amount of lingering collateral damage.  In other words, I’ve learned to quickly move on. As I see it, there are two types of losses.  The first type Read More 

The Traders Journal

Powerful and Profitable Pairings: 1 + 1 = 3

by Gatis Roze

For myself, one of the most momentous insights into life and investing happened over 25 years ago when Sir John Templeton, who was exceptional as both an investor and a human being, talked about the profound importance of pairings in determining the quality of one’s life.  There are infinite examples all around us from which to choose – perhaps the most obvious being the pairing decision you make in choosing your significant other.  But imagine these famous pairs, for example.  Where would Lennon be without McCartney?  Sherlock Holmes without Watson?  Paul Simon Read More 

The Traders Journal

A Trader's Discipline: How I Stay the Course

by Gatis Roze

                                                                    “A disciplined mind leads to happiness and an undisciplined mind leads to suffering.” --Dalai Lama XIV, The Act of Happiness   Investors don’t always have the discipline to act like a Nike ‘Just do it’ advertisement.  I recently had a trading buddy of mine lament about his struggles to stay motivated.  He held me up as Read More 

The Traders Journal

How Two Investors Warm-up Before Executing Any Trade

by Gatis Roze

Recently, I had a very personal conversation with my fellow trader, Harvey Baraban. I asked him what he did to “warm-up” before making a trade.  I already knew that we both had specific warm-up routines.  His response was essentially this:  “I’ll tell you my routine if you tell me yours.”  As traders, we love to barter.  And just as professional athletes would never ever take the field without executing their personalized warm-up routines, successful traders are very much the same.  But their warm-ups are a little different in that traders ask questions Read More 

The Traders Journal

The Best Source of Investable Ideas

by Gatis Roze

Amongst investors these days, there are a number of lively debates going on. Fundamental analysis versus technical analysis, the role of behavioral finance, or where the best investment ideas come from.  Pulling no punches here, I maintain that in today’s modern stock market, you are either part of the Charting Age or you are in the Stone Age.  The divergence of investor opinions on these subjects is not unlike similar debates in other fields.   In the scientific community, a significant number of pivotal ideas have historically come from “outsiders” who Read More 

The Traders Journal

This Investor's Take on the "Pyramid of Success"

by Gatis Roze

“Success is peace of mind which is a direct result of self-satisfaction in knowing you made the effort to become the best of which you are capable.” – Dr. John Wooden Yes, it’s that time of year again, and I thought I’d invite you into my trading room.  I look ahead to 2016 by considering my investment efforts of 2015.  My regular readers will recognize this falls into Stage 10 of my Tensile Trading methodology.  I have a number of techniques I use each year to accomplish this objective.  One I use regularly is to focus on an extraordinary individual and try to Read More 

The Traders Journal

How A Fellow Investor Critiqued This Trader

by Gatis Roze

My motives in writing these weekly blogs and in teaching investment classes are in part selfish ones.  I write and teach to become a better trader myself.  By weaving together the key attributes that I deem most useful in trading the stock market and sharing them with other investors, I find that I’ve woven them together more effectively into the fabric of my own trading. Two eyes are better than one, and I often benefit when students hold up a mirror and reflect their experiences back to me through their own investment lenses.  A fine example of this occurred last year Read More 

The Traders Journal

Your Investing Pipeline to Profits

by Gatis Roze

It might be human nature, but it’s not a good thing.  In my Tensile Trading seminars, investors study six essential stages of stock market mastery before they ever arrive at Stage #7 – Buying.  This foundation building is imperative if investors expect to achieve consistent profitability, but it takes some convincing.   Human nature makes investors want to take action by buying stocks prematurely.  When investors in my class finally reach Stage 7, they’re invariably relieved to be at the point where they can finally buy something.  Being able to say “objective Read More 

The Traders Journal

The Secrets I Learned from Jesse Livermore

by Gatis Roze

When seasoned traders get together, we have a sort of “secret handshake” that the uninitiated may not notice.  We ask each other if they’ve read Reminiscences of a Stock Operator.  The insiders reply by telling you the number of times they’ve read the book.  Novices ask for the author’s name. Recently, I’ve been rereading Jon Markman’s wonderful annotated version of this Jesse Livermore classic. This special edition even has a forward written by Paul Tudor Jones.  As I revisited Mr. Livermore’s wisdom, I realized that so much of the trading baton that I’ve Read More 

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