Graybox Trading , Trader's Mindset
I wanted to share how I am structuring my discretionary futures trading going forward. In a nutshell, I am shutting down or rather restructuring all of my discretionary futures trading into BeyondBots: Instead of day trading markets in real-time, instead day trade them in the simulator or very low risk micros. However, the core focus […]
Continue readingGraybox Trading , System Trading
A central question on my mind has been, how can I improve my discretionary trading with quantitative advantage while still retaining my discretionary advantage in reading the market? System trading can benefit from iterative improvement, can execute with greater consistency, benefits from execution speed, and is more efficient and can wait for the optimal setup, […]
Continue readingI hear a lot of traders who want to try scalping the ES for a couple ticks. The new traders today have heard of this style but do not understand its origins, when it can work, why it is limiting, when it works best, and why it may not be the best way to trade […]
Continue readingNow, historically I have did a minimal of actual stock investing. However, I have decided that I should have some investments separate from my trading work as an additional way to win. I wanted to look at what some of the biggest gaining names had in common, and how one might have identified and captured […]
Continue readingI wanted to identify a few themes I am weighting on the longer term. My basic thesis is that the market will remain bullish until uncertainty around the 2020 election causes a profit taking opportunity. I have not looked at this quantitatively: however, I think the top is likely to be around September 2020. This […]
Continue readingThere are three things you can do to prolong your account that don’t depend on your performance: Reduce trading frequency Reduce trading costs Develop techniques to mitigate the risk of correlated losses There is a relationship between trading cost and trading frequency. The higher the trading frequency then the lower the trading costs must be. […]
Continue readingAdding size to a working trade without worsening your outcome is not an easy task. In fact, it is highly probable that one will make a cognitive error without a precise and clear plan on this matter. Let us examine some reasons one might want to add size: When there is a larger then usual […]
Continue readingI recommend that if you are running strategies in NinjaTrader 8 to keep the Strategies tab open and visible on the screen at all times. You can use the tab to re-enable strategies including BeyondBot if they were inadvertently disabled:
Continue readingSerially correlated losses is probably the number one futures account killer. Serially correlated losses has been my Achilles heel. The question is why do they occur? In my case, most serially correlated losses occur when I use a specific style of trading where I try to shoot in multiple contracts without taking virtually heat. I […]
Continue readingThere are several advantages to hybrid methodology, and I identify many of them on my BeyondBot page. However, one advantage is that you have a very realistic par measure to compare your discretionary results too. In my discretionary trading, I always try to imagine a range of outcomes and compare my results to what I […]
Continue readingGraybox Trading , Trader's Mindset
A question I ask myself is whether or not I can BeyondBot all my trading insights. In order to answer that question, I have to look at primary forms of discretionary trading edge. If you look at discretionary trading edge then it can only come in a few forms: Below is an expert system for […]
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