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..

Quick tip: Manipulate Trade Cost For Insight

Typically, I do not included trade costs in my initial exploratory work because I want to understand the general properties of a market which is best understood without imposing trade costs. Many times a strategy that shows promise but one that does not overcome trade costs can be improved to overcome those costs-- but including … Continue reading Quick tip: Manipulate Trade Cost For Insight