Category Archives for "Trader’s Mindset"

Dec 17

Reality Isn’t Gray

Trader's Mindset

Brief detour, it is known that objects do not have a physical property of “color”– that color does not exist in the physical external world. Yes, there are light waves which produce the sensation of color according to their frequency and act predictably according to known physical laws. But, the feeling thereof is created by […]

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Dec 13

2 Trading Approaches Reviewed

Trader's Mindset

I review 2 approaches to trading below. Technique: Low frequency, Multi-market In this approach, the trader scans many markets for the best trades, ranks the best trades, and only takes the best trades in the best markets. This approach is often adopted by professional equity traders. For example, this last week I found that Natty/Natural […]

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Dec 10

Trading too many contracts?

Trader's Mindset

Recently, I shared that taking serially correlated losses was one of the primary reasons future traders end up losing their account. In this post, I will explore why that happens. So, the reason that most traders take serially correlated losses is that they are trying to get into a trade with a just a few […]

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Dec 10

What I Am Learning From CME Competition

Trader's Mindset

I have entered the CME “Trade Against A Pro” paper trading competition. Of course, everyone would like to win, and most people are going to complain the competition is not realistic– and it’s not. However, there is a real value to the competition, and I recommend everyone to enter if you’re serious about trading futures– […]

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Dec 01

Value of Market Replay

Trader's Mindset

If you are reading trading books, spending excessive time reading trading forums, not making progress, or losing money in live markets then I would strongly suggest stop with that and instead hit the replay. You can use the replay in the following ways: Use the replay to develop your market cognition without risking real money […]

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Nov 28

Commission Free Stock Trading Implications Part 2

Trader's Mindset

A relevant question to ask is what will be the implications of commission free stock trading? First, I think it makes the futures industry look more and more archaic. The futures brokerage industry feels antiquated with more fees, commissions, etc. And, while the CME has made some favorable changes for the retail trader like the […]

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Nov 22

Three Ways To Edge

Trader's Mindset

I have essentially identified 3 paths to edge among 7 figure traders from information readily available on the web and my own insights into trading edge: 1. Fully systematic and quantitative decision making. No discretionary decision making involved. While, I do not know any 7 figure traders with verified records that are fully systematic, it […]

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