Breakout
Systematic traders have a perennial debate: how much or how little to intervene in your system's rules? There are a range of acceptable solutions, but the key is to be very consistent. If you will fiddle, then fiddle, but if you say you are a purely systematic trader,
General Comments
[dc]I[/dc] want to share some more information about the training course I am creating. I have been planning to do this course in a few different ways in a few different contexts over the years, and I will be borrowing substantially from material that I've used
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A simple list of trading rules can help shape behavior and fix errors in your trading.
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The mind is a pattern finding machine... and that's not always a good thing.
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Managing your social media information flow for traders and money managers.
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It is a simple choice: continue to be angry at the way the market moves, or align with it
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[dc]I[/dc]n an earlier post, I wrote of the need for simplicity in trading. I suggested you could probably throw out the vast majority of the tools you use and the things you look at, and your results would likely improve. There is a problem with this plan,
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Being good at being wrong?
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Thoughts on the value of simplicity in trading...
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I want to share a quick thought with you today--a little trick in thinking that made a big difference in my trading a few years ago. One of the problems with traders is that we can be stubborn. This happens to everyone, and no one is ever immune to it.
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[dc]O[/dc]ne of the challenges developing traders face is learning to manage positions effectively. Think about it for a minute—how many books do you know that show patterns and setups for trade entry? Now, how many do you know that focus on position management? We probably put
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[dc]I[/dc] receive a lot of notes and messages from people who are struggling to learn to trade. One of the common threads is that many of them are discretionary traders, and they find that their decisions, made in the heat of battle, often result in the worst possible