Graybox Trading , System Trading
If you have a subscription to Tradingview and a funded Tradestation account, you can get FREE real-time futures data into Tradingview. Simply connect your Tradestation account to your Tradingview from the Trading Panel tab. You can also connect Tradingview to AMP but if you want simultaneous connection to Tradingview and another platform such as CQG […]
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If you use Tradestation, you have access to a very powerful trade tracking technology: you can use the Tradestation TradeManager Analysis app to generate a Tradestation Performance Summary report for your real money discretionary and system trading returns– and you can even filter to specific accounts and symbols. Some people have reported problems with the […]
Continue readingSystem 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 […]
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