Graybox Trading , Trader's Mindset
Recently, I started to lose trading a stock that I had previously made significant money on. This is a trendy stock with strong momentum. I made money scalping with a tight risk in the past. I also made money trading with my system. But, I started to lose using some of “manual market making” techniques. […]
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Sometimes traders struggle with making any profits, and I have been there. But, if you have some edge then it tends to not be hard to make a profit over some period of time: days, weeks, months, or even a year or two. What makes trading hard mathematically is you have to keep the profit […]
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For traders and investors who believe that Bitcoin may offer a long term value store but who also seek to take advantage of timing opportunities, and manage their risk: the question of risk needs to be addressed. If a trader is looking at it as a portfolio trade, I have found that adding as little […]
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If you want to learn some high frequency style discretionary scalping and want action, the best market today may just be the SPY. Below I will share the significant advantages for scalping the SPY compared to even the e-mini and e-micro futures. The same principles may be used to trade other equities like the QQQ’s […]
Continue readingIf you are a struggling trader you may want to review your market, strategy, and tactical focus to ensure that there is a balance across all aspects and that no aspect is completely neglected. I am very big proponent of market cognition because it is the process by which a strong ability to read and […]
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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 […]
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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 […]
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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 […]
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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 […]
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