I note the behaviors over the years that have tended to make me profits and behaviors that have lost me profits. These are the behaviors that have tended to make me profits: Introspecting my internal confidence and carefully weighing it to take my highest confidence ideas. Verbalizing my predictions. Ranking my trade ideas. Honing my […]
Continue readingI made a list of my current best insights to improve my trading: Practice discipline in risk management. Know your maximum acceptable risk per trade, per day, per week. Take advantage of external risk control, as well. A broader scope allows capturing more opportunity. However, it is critical to be even more risk astute and […]
Continue readingThe Indian yogi Sadhguru speaks a lot about how we are products of memory. Disregarding beliefs, it is self-evident that we are largely defined by our memories and should make efforts to be more aware of it. Because if we allow memory to overly define us then we could be limiting ourselves. For example, imagine […]
Continue readingThe E-mini futures are arguably the best products available for trading today. The S&P 500 E-mini ES futures is undoubtedly my favorite trading instrument. However, a single contract is probably too large for a mediocre or average trade and trading several lots demands strict discipline. I think if the S&P 500 E-Micro trades as well […]
Continue readingOne quality that I feel that can make for better discretionary trading is a good read of the market and a good ability to gauge trade quality through confidence, qualitative, and quantitative factors. I find tape reading and quantitative insights to be most useful. But, it is just as important that when one has a […]
Continue readingI wanted to share some of my speculative and thematic trade ideas. Current market themes are dissipating China trade fears, increasing concern over recession, and decreasing concern over rate hikes. The dramatic rally in the equities led to many traders getting or feeling locked out of participating– so any dips will likely be aggressively bought […]
Continue readingI wanted to share some of my speculative and thematic trade ideas. These should not be viewed as recommendations. DIS (Disney): Bullish. This stock has moved down fairly dramatically from previous trading range. It looks like the catalyst was acquisition of 21st Century Fox. Depending on how it opens, my idea would be to sell […]
Continue readingWhile the intentions were understandable, the “Pattern Day Trading” rule that applies to stocks and options has limited the ability for small traders to effectively day trade and potentially created a lot of harm, as a result. This one rule has pushed traders into questionable and disadvantaged prop firm arrangements (of course, if one finds […]
Continue readingThere are many futures markets that one can trade. The question worth asking is which markets are offering the best opportunity and thus most worth focusing on? One measure that may be of use that is widely used in the options world is IV Rank and the associated IV Percentile. Sage Anderson, over at TastyTrade, […]
Continue readingIf you are restricting yourself to day trading futures, you are limited as a trader, and you might not be using the best tool for the job in all cases. At least until the Micro’s are introduced in May, most of the futures products are very large contracts which can make it difficult to hold […]
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