A trader I met approached me with the following problem. He was having an exceptionally good day, an excellent day in fact. As luck would have it, he entered a large position at the beginning of the day (day trader) and due to the terrorist attack the market fell dramatically…
Today I want to address the answer to a question that is asked very rarely but is critical to long-term results.
This question is shaped as follows:
What is the best system for you?
I believe this question is at least as important as the previous one and for many people more important.
The best traders have one more way to improve their performance – pyramiding. Thanks to that you can increase and expand your profitable position.
Mathematically, the outcome of a system over a long period of time is the expected value. Therefore, we are interested in trades that are as likely and as long as possible and we want […]
Maybe the losses you are experiencing have something in common? It’s not worth waiting for the market to turn around – that’s a toxic idea. If the trade does not meet the assumptions – it is better to go for a loss.
Trader’s decision making process in trading is one of the most important concepts for me. Why? Trading results depend on it. So, what is the decision-making process in trading?
Can traders compete with computers?
The question is how much traders outside of the large funds will be able to compete with a computer that has the decision-making process of the best traders encoded and places positions in hundreds of markets simultaneously I leave open. I don’t think it’s that hard to answer.
We place our full range of talent and technology at the service of each and every client. We want to bring a splash of colour into a seemingly grey world and become a global leader in consultancy.
This article is the result of a conversation I had with a trader whom I like and respect. He didn’t like Linda Bradford Raschke’s new training. Similar arguments often come up in conversations – “why is Linda training when she can make (more) money in the markets?”
As it turns out, there are at least eight good reasons why good traders should train.
