Monthly Archives: February 2018

Feb 19

DRY + Deep Dive Principles

Trader's Mindset

The DRY principle stands for “Do not repeat yourself”. This axiom is commonly referenced in the practice of software engineering. However, it applies equally well for traders and system developers. A good trader will come up with many ideas for systems, ideas about ways of trading, and questions about market behavior. This creativity is important. […]

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Feb 05

Non profit based performance metric

Trader's Mindset

A non-price based quantitative measure for evaluation of trading performance might be comparing how closely you enter or exit a position to a peak or valley and/or based on subsequent retracement. A discretionary trader or trading system that has a high peak/valley hit ratio in some markets reveals that the trader may be trading with […]

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Feb 03

Decreasing performance anxiety

Trader's Mindset

Futures traders that trade “market open” markets often have a limited window of exceptional opportunity during the first few hours after the market opens. Strict day traders need to be careful opening positions near the close because, without ability to hold, there is a higher probability of being forced out of a trade. While overnight […]

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