Karma may sound like a mysterious, mythical, or religious concept to many of us who aren’t religious. However, Indian mystic Sadhguru has explained Karma as simply memory and the influence it has. It is in that narrow respect that I feel “Karma” has a critical importance for ones trading and life. In this narrow respect, […]
Continue readingGraybox 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. […]
Continue readingI was thinking about my trading and when I have tended to do better or worse. And, it is apparent to me that I did better when I had stronger feedback loops that helped me to develop good insights and edge into the market. And, I have did worse when I have not maximized my […]
Continue readingGraybox Trading , Markets , System Trading , Trader's Mindset
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 […]
Continue readingMarkets , Tips , Trader's Mindset
Here’s a question, why are you trading futures? Do you have an edge exclusive to futures? Did you know you can trade stocks commission free? Absolutely free with Tradestation. Do you know how easy it is for any decent scalper to be profitable before commissions versus post commissions? The CME has had a near strangle […]
Continue readingToday the front month in crude oil went negative for the first time. While, it is reported that other commodities can do that– it was not common knowledge. There are reports that some retail traders bought it near zero and could not liquidate due to system problems. Some traders likely blew out their accounts and […]
Continue readingGraybox Trading , Trader's Mindset
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 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 reading