Using simulation to discover optimal stop loss

If you are a discretionary trader then you may have wondered what the optimal stop loss and target might be. One answer is to use simulation and the power of optimization in an attempt to find universal optimums under given conditions. A strategy is developed that will enter randomly but only under certain conditions: the … Continue reading Using simulation to discover optimal stop loss

Is trading a pipe dream? Lessons from Conor McGregor

The dream of trading for substantial profits can often seem like merely a pipe dream for the small under-capitalized trader. ¬†One might find some surprising inspiration in the rise of MMA's super star Conor McGregor. He has pursued his dream of MMA and combat sports with a conscious, deliberate mindset, and yet people have doubted … Continue reading Is trading a pipe dream? Lessons from Conor McGregor

If you’re a discretionary futures trader do not do this…

Before, I warned against attempting to trade with a single contract. The active futures trader should only attempt to make a small amount of profits per day from $50 to $100 per day on 1 lot. If you are a great world class trader, this is very feasible. Once a trader becomes adapt at trading … Continue reading If you’re a discretionary futures trader do not do this…

If you’re a discretionary futures trader do not do this..

A small dose of reality... Recently, I have been experimenting with trading with very tight risk limits. I am doing a combine in both TopStepTrader and trying out for an account at OneUp Trader, as well (for more information about these firms see my article: Prop Funding at my other blog). While I just started … Continue reading If you’re a discretionary futures trader do not do this..