Category Archives for "Trader’s Mindset"

Jun 06

Scale up vs Scale out

Trader's Mindset

We will explore a simple concept in trading: scale up or scale out. Scaling up tends to be the preferred technique for the discretionary day trader. The idea is to get really good at trading one market and then increase size. Futures markets are ideal for scaling up. On the other hand, scale out tends […]

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Apr 05

Limitations of Algorithmic Trading

Trader's Mindset

The keys to successful trading often seem mysterious. One reason that trading might seem difficult is because frankly there are many factors that can impact the markets. The factors that influence the market are dynamic and in a constant state of flux with different factors tending to dominate at different wavelengths and in different time frames. […]

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Mar 12

Degrees of Creative Freedom

Trader's Mindset

The idea of “degrees of creative freedom” has bubbled up and started to percolate my consciousness recently. And, the concept is that the more degrees of creative freedom that a system enables then the greater the wealth that is possible to be created–where wealth is the expression of valuable ideas. And, system in this case doesn’t refer to […]

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Feb 26

Turbocharge Your Trading

Trader's Mindset

A recent Google study (or read Quartz’s summary here) on AI agents showed that AI agents acted aggressively in environments where competition was encouraged but collaborated when the environment fostered collaboration. Trading is ultimately competitive. As individual traders, our primary limiting factor tends to be a lack of capital. There are two basic risks for sharing ideas. The […]

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Feb 10

A Loss By Any Other Name

Trader's Mindset

Phil Ivey is one of the great poker players. As cited by Wikipedia, he’s regarded by many as the best all-around poker player in the world. But, some may not know that his story is one of perseverance.  He blew out multiples of times as a teenager trying to make it as a pro. I think I […]

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Feb 02

Misguided Idea Might Make It Difficult

Trader's Mindset

A Misguided Idea That Might Make it Difficult to Develop Very Profitable Systems I want to share a popular and misguided idea that might make it difficult to develop very profitable systems. However, in order to understand why the idea is misguided; we first have to understand why and how it makes sense and the […]

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