Both the CME and CBOE have announced they will offer BTC futures in the near future. This is very good news. The ability to trade on a regulated exchange is welcome (although not having free market choice is never desirable). Many people are speculating about whether BTC is a bubble. However, few participants are considering […]
Continue readingI recognized early on that you must be able to predict markets to profit from them (at least for traditional directional trading as opposed to liquidity provision–even then one must attempt to avoid the jumps). Some people think markets are completely unpredictable. It surprises me still that some traders like to think they can profit […]
Continue readingBelow are a few ideas that might help you improve your trading: Record all the trades you make. You can do this with recording software or by taking screenshots. Be sure to record what happens after you exit with a stop loss or take profit. Review and study your trades and see what you can […]
Continue reading
I wanted to share a quick way to develop your first graybox. Mike Bella recommends developing a “play book” or list of all your trade setups. In the past, I was reluctant to do this because I am more of a synthesis and implicit learning trader. However, as I’ve considered it over some time, I […]
Continue reading
A graybox system should ideally be designed as a series of systems with subsystems. The subsystems will feed up the predictions while the control system will dictate what trades can be placed. Developing your graybox as a series of modular systems also enables possibilities for creating specific optimized sub systems for execution, for example. The […]
Continue readingGraybox Trading , Trader's Mindset
Back to the concept of market cognition, I haven’t precisely defined it. I think the best explanation though would be an understanding of the meta-factors. These meta-factors that drive markets and the other traders and their intent and positions. As for the market-wide cognition, I think it is also an evolving process. In other words, […]
Continue reading