Readers Questions
Let's go to the mailbag for a question. Reader Anthony asks: I have a bit of an internal psychological dilemma going on at the moment. I place my stops usually around 3 ATR on pullback trades as I like to avoid the noise of the market. However, after
General Comments
Matt asked a question that I sat on for quite a while. I wasn't sure how to write a reasonably concise answer to a good question, but I'll try today. First, the question: I see you don't believe in Fibonacci ratios, but it seems
Readers Questions
I received a good question in response to my previous post on starting to learn Python for finance. Here's Mark's question: Thanks again for all your work and all that you share. I am a little behind you in programming abilities but working furiously through my
Readers Questions
Dave asks: "Can you talk a little about order types? Market, limit, and stop orders? Do you work your orders overnight? Do you ever cancel like a stop before it is hit? Thank you." A good, practical question, and the answers can be pretty cut and dried. For
General Comments
I have a little pile of reader's questions here, so let me just get to them. John asks: "Should I use stop or stop limit orders to protect profits and limit risk?" John, like pretty much everything else in trading, the answer is a solid "
Readers Questions
A reader, Mira, asks an interesting question: I've been going through your blog and podcast and have been surprised at some of the trading tools you don't use that everyone else seems to use. I thought it might be interesting if you could just do an
Readers Questions
Reader Mark asks a beginner's question that might not be such a beginner question after all: Hi Adam. This might seem like a silly beginner question, but what is the most important finance concept for a trader to know? I'm a college student taking finance and
Market Math
Reader Jas asked a question about backtesting: I was wondering if you'd be able to advise me on how to back test a strategy on some custom indicators. I'm aware of back testing software in the market but not sure if it will do the job
Market Math
I received a good question from Brent: I recently watched [a presentation someone else did] about VWAP and they seemed really convinced it was an effective indicator. I am curious if you have studied VWAP in recent years? Their contention is the black boxes key around VWAP which makes it
Psychology
I received a good question from a reader, Jeremy, this morning: From a practical standpoint:How does one deal with market uncertainty?Why is accepting uncertainty so hard for most traders, especially newer traders and/or those who are not consistently profitable?More specifically:How does a discretionary intraday swing
Readers Questions
I received a good question from Nick: In many of your writings as well as the most recent podcast, you have mentioned looking at charts prior to going to bed. Given that the stock market closes much earlier in the evening, can you please elaborate on some of the benefits
Individual Traders
I received a lengthy question for a reader who has put in a lot of time learning to trade, and has not yet left the trading simulator. I thought his questions were insightful, and they mesh well with a topic I'm considering covering in some depth: how to