Markets , 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 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 […]
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