Monthly Archives: January 2019

Jan 21

Quick technique for achieving your goals

Trader's Mindset

I wanted to share a quick technique that you can use to better achieve your goals. First, keep in mind the SMART paradigm when defining your goals: Specific, Measurable, Attainable, Relevant, and Time Bound. Second, make a commitment to an accountability partner that you will achieve that goal. Third, define penalties that you will face […]

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Jan 19

Improving your system by learning from wins and losses

System Trading

In Murray A. Ruggiero’s “Cybernetic Trading Strategies”, a book that I think was ahead of its time, Ruggiero shared the concept for “nearest neighbor matching” for statistical pattern recognition. The concept was shared in the context of looking for market patterns and market analogs. However, I wanted to share a slight variation on this concept.¬†Instead […]

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Jan 15

Better RSI Entries

System Trading

Mean reversion systems, such as those based on RSI, suffer significant performance degradation when stop losses are applied for risk control. In previous posts, I shared how one could could create more powerful RSI systems by using adaptive periodicity and multi-state regime classifiers. The key idea for better RSI entries is that there may be […]

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Jan 02

Sticky: Beware the confidence illusion

Trader's Mindset

Good trading performance and past performance in general is overrated. A long time system vendor and big time promoter has offered several systems for subscription over the years. Every single system I have ever seen this vendor offer has crashed and burned badly. Now, this vendor has won trading competitions and even verified his real […]

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Jan 01

Sticky: Get Healthy & Feel Great

Trader's Mindset

While not directly related to trading, I know that staying healthy is very important and that trading and other sedentary activities on the computer can lead to imbalance and poor health. While previously only sharing my favorite product purchases with family and friends, I recognized I could create value by sharing some of the very […]

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