On this blog, you will find a great amount of world class information, in my opinion, on trading. This is knowing. But, doing is what will ultimately determine our success or lack thereof. Imagine a trader crafts 5 trading systems, all pass his tests for qualifications with flying colors, and very generously 4 of the […]
Continue readingRead the 8 steps below to find out how to improve your trading right now: Figure out and write down your setups. Really in my mind, a setup is not fully defined until, it can be automatically identified programmatically. Define what makes the setup an A+ vs an average setup, what type of conditions are […]
Continue readingThere is a trade-off between “specialization” and “generalization” in markets. Greater specialization is likely to result in greater profit potential at the cost of robustness. On the other hand, greater generalization is likely to result in reduced profit potential with greater robustness. As an illustration as to why this is the case, let us imagine […]
Continue readingNow, on the one hand it is logical that one should only take a trade if they think they have positive expectancy. But, does that mean that the act of trading is about making money or that believing that the goal to make money to a greater degree makes success more or less likely? This […]
Continue readingTurn on PnL Column in SuperDOM Some traders do not like to see their P&L during the day. Others prefer to track or think in “ticks” so they do not have any psychological impact when trying to scale up and that makes sense. However, I have always found it as a very functional tool when […]
Continue readingRecently, in my post The Real Reason You Move Your Stop I mentioned that,” I opened a risk limited 2-day call spread on the ES 2980-2990“. First keep in mind, I am not a professional, do not provide financial advice, never make any performance claims whatsoever, and do not provide recommendations. Keep in mind, the trade […]
Continue readingFirst keep in mind, I am not a professional, do not provide financial advice, never make any performance claims whatsoever, and do not provide buy/sell recommendations. One consideration is whether or not it is possible to make “anything” trading e-micros because of the small size and the commissions. The e-micro is 1/10th size the e-mini. […]
Continue readingRecently, I shared a trade idea regarding UBER call options. I am not a professional, do not provide financial advice, never share my personal performance nor make any performance claims whatsoever, no ideas should be construed as buy/sell recommendations. However, for education, if I had of traded UBER and keep in mind this could be […]
Continue readingThere are 3 predictors I have noticed for being more successful at trading, and what you can do to take advantage of them: Traders who are being more successful do more of what works and do a better job of tracking it. They work to improve but do not seek try to obtain impossible perfection. […]
Continue readingFirst, I highly advise traders to open multiple accounts and/or sub accounts. One benefit to running multiple accounts, holding periods, and strategies is that assuming accounts aren’t perfectly correlated, which they shouldn’t be, is that when one account is down then more likely another is doing well. Trader’s outlook tend to follow their account balance– […]
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