I 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 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 readingGraybox 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 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 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 […]
Continue readingI wanted to share a simple idea how to shift the odds of anything you want to accomplish in your favor, like trading successfully, without requiring strong belief. First, simply imagine that there are odds on your probability of success– you can think of them like call options on your trading successfully. The call options […]
Continue readingWe know that picking the right market can influence your success. But, here’s a simpler question, does the product you trade determine your probability of success as a trader? Let’s take a look at various products and their pros and cons. The Contenders Stocks I have did very little stock trading. However, if you are […]
Continue readingI note the behaviors over the years that have tended to make me profits and behaviors that have lost me profits. These are the behaviors that have tended to make me profits: Introspecting my internal confidence and carefully weighing it to take my highest confidence ideas. Verbalizing my predictions. Ranking my trade ideas. Honing my […]
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