System Trading , Trader's Mindset
In my last post, I shared the importance of a balance among market focus, strategy focus, and tactical focus. In this post, I consider the relationship between risk and alpha because profit is the result of the risk taken and the trading edge. One source of trading profit is the alpha or the edge. In […]
Continue readingHave you ever wondered a possible secret mechanism that underlies how trading psychologist, coaches, and self-help gurus are able to produce positive change? Have you ever found yourself in a “losing” rut or lacking motivation? In this post, I will share an epiphany that I had and that anyone can use to highly energize ones […]
Continue readingMost trading educators would have you believe that consistency is the secret to success. However, the problem with that belief is no one can be guaranteed consistency. It is only an artifact that can be examined in the past. The reality is that successful trading may require losing: over sometimes even prolonged periods of time. […]
Continue readingMost traders think that becoming better at trading will lead to greater profits. However, as I have learned about myself that being among the “best” in predicting and calling markets does not necessarily lead to great profits. I have, also, started to recognize that being the best trader does not necessarily lead to the greatest […]
Continue readingA few weeks ago, I had a short put position on at Tastyworks. I stalked the exit and patiently waited for the expert time to close. And, then I was able to read a slight change in the tape and knew it was time to take profits. But, when I went to close the position, […]
Continue readingGraybox Trading , Trader's Mindset
What’s required to master single market scalping? A lot: a whole lot. Before you start, you should know it is the most difficult form of trading to master and requires the development of specialized skills. While not sharing any specific tricks, I will explain what you must develop below. First, you must have the ability […]
Continue readingGraybox Trading , Trader's Mindset
The basic variables that are important to understand for scalping are the R or return/risk, your win ratio or consistency, and the number of trades or opportunities you get per day. Let us start with some hypothetical, imagine you have a low R scalping method but can find many trades per day. The benefit is […]
Continue readingMany traders long for yesteryear as markets are perceived to become more difficult to trade over time. However, I really do think now may be the best time to be a retail trader ever. Read on to learn learn why the futures and equities landscape has never look better for the retail trader. First for […]
Continue readingGraybox Trading , Trader's Mindset
In a previous post, I shared that a primary key to discretionary scalping was to keep your size down. Many traders make the mistake of thinking that you have to trade multiple contracts. But, for scalping, consistency must be the first goal and it is more important then sizing. Until you have consistency, you don’t […]
Continue readingTonight, I was scalping MES when we went lock limit down. I thought I would share how it worked: because it the first time I had seen it in real-time. At the lock limit down price, there were about 300 contracts bid. Most of those were took out and we got a little bounce. It […]
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