Let’s look at one of my recent trading sessions. It was a low win percent session, but the benefits of reading the tape kept me in the drivers seat the entire session.
Step Four of Systems Success: Volatility
Is volatility good or bad? Let’s look at it from the perspective of run ups—potential gains, and drawdowns—potential losses. And let’s not forget real gains and real losses. Never take your eye off the ball on what we are trying to do, which is to build a trading system that is statistically reliable so that over hundreds, or even thousands of … Read More
Measuring Opportunity Intraday
After having trading professionally for 16 years I still find the lack of understanding among friends and family as to how myself and other short term traders make a living humorous. Here are some of the comments I still hear on a regular basis from my parents and close friends “Market was flat today so I guess you didn’t make … Read More
Gaining an Edge: The Importance of Using Statistics in Your Trading
I received this email from a reader, excellent developing trader, and potential future trading star. It needs no editing and has awesome value to traders. SMB Chop Tracker Bella, Came across this article that I thought you might like. It’s written by one of my brother’s poker friends. This guy happens to be one of the best NBA sports bettors … Read More