Recently, a trader asked for help at futures.io in regards to sticking to their daily loss limit. I have had, unfortunate, experience with this problem, as well. However, I think I have a good understanding and solutions developed by carefully breaking down the ways this problem can occur and their variations. I wanted to recap … Continue reading Daily Loss Limit Solutions

In the list below, I share seven ways I am working to improve my trading. I do have quantitative systems but my core focus is on harnessing my tape reading skill to inform my bias. Discretionary trading is generally more difficult to realize in stress of live markets.  As such, training must be more rigorous … Continue reading Seven Ideas To Improve Your Trading

Toward developing greater trading experience, it is very important that traders identify and resolve their trading problems. The stages for resolving a trading problem compromise of a few stages: Unaware to semi-aware. At this stage, we are not fully aware of the problem. Proper trade review and statistical tracking may help to identify problems. Awareness. … Continue reading Resolving Trading Problems

There is an entertaining story that George Foreman tells about his battle with Ali, and there was a point where Ali said, "Is that all you got?" and, at that moment, Foreman realized it was all that he had. I find when I trade too aggressively and miss my targets  or oversize trades that I … Continue reading Is that all you got?