This is a Guest Post by Dante Vincent you can find him on Twitter @DGTrading101. His website is dgtrading101.blogspot.com. This post today is for anyone who trades on a daily basis. Perfectionism & how it relates to a day trader. I got this idea from one of my traders last week. It was from a guy whom […]
Stop breaking your trading rules. Discipline is an edge. Stop trading such big position sizes. Risk management and self control is an edge. Stop trying to predict what will happen next and learn how to react to what is happening. Stop worrying about other’s trades and trade your own system. Stop thinking every dip will be […]
Most new traders think their win rate is the most important math in their trading. It is not, you risk/reward ratio will determine your profitability more than a win rate. The reason for stop losses is to limit your losses when you are wrong so you cap your risk. Capping your risk makes it easier […]
I get asked a lot how to perform a multi timeframe analysis. I am glad to see that Rolf at Tradeciety has created a great video that explains how to do this with a simple method. This video is from Rolf’s YouTube channel. Rolf is also on twitter.
One of my all time favorite movies is Moneyball featuring Brad Pitt. What’s not to love? The movie is about how the general manager Billy Bean of the Oakland A’s turns his club on it’s head by using quantified principles to maximize the smaller budget that his team had to work with higher scoring output. Billy Bean hired […]
“I define a mistake as not following your rules. … If you don’t have rules, everything you do is a mistake.” – Van Tharp If you do not have a quantified process for your trading that includes buy and sell signals with proper position sizing using a trading plan to execute a trading system then your trading […]