To pull the trigger and take your new system, certain things have to be in place. First is understanding the rules of my system completely, to be consistent with the paper trading process to know I'm doing the right thing every day, not fumbling, and not making mistakes. Moreover, I also need to be confident that I am doing my position sizing correctly so I don't make a mistake and buy too much...
Using Systems for Successful Crypto and Stock Investing with Adrian Reid - EP #19Get started trading crypto the right way and accelerate your trading results. Download The Crypto Acceleration Bundle!The Crypto Acceleration Bundle Does 3 Things:📈 Gives you the critical ingredient for trading success that most crypto traders just don’t do, so you can win where most fail! 📈 Eliminate the 20...
You've got to trade carefully when the system tells you to trade. When trading systematically, we follow the rules, so we're not saying, "I'm holding ETH, but now I want to hold ADA. So I convert my ETH to ADA." And, "I'm holding ADA, now I want to hold Solana so I convert my ADA to Solana." In that case, you convert what you want to convert. You will have wide spreads, lots of strange fees...
Smashing the myths and misconceptions about stock trading is important to me because I know some of these myths contribute to the high failure rate of new stock traders. Let's dig in and look at some common myths and why they are just WRONG!1. “Stock trading is only for the rich”Not true! This would have been true if you started investing a few decades ago, but not any longer. In the past when...
In Amibroker when you backtest your trading system, one of the most important performance statistics to evaluate is the maximum historical drawdown. When we talk about the maximum historical drawdown of a system, we want to find the percentage drop from a high in the equity curve to a subsequent low at any point in the backtest. So now, the trading software will look at every high point and...
Hey, Adrian here. And have you seen what is happening in crypto markets this week? I want to take a little time and just share with you some thoughts about what's happening in the crypto markets right now and what it means for you as a trader. This is really, really important because there's some critical lessons for all traders and some critical lessons about the crypto markets and some next...
Trading is the biggest lesson in patience that you'll have even more than kids. The market doesn't give us the profits when we want them. The market provides us with the profits when the market gives us the profits. The market doesn't care whether we've had several losses in a row and want to win. Or whether we've been winning and want to keep winning. So we have to follow the process of trading...
Before you started trading systematically, you had some open trades for whatever reason you had. Should you close those trades now that you're going to trade systematically so you can follow the rules? You don't have to close it. If you had an informed and educated reason or plan for that trade, you could leave it there and follow that plan. But if the trade was placed because of the hype or...
Freight Train is a pretty long-term trend following system. If you look at a backtest report in Amibroker, it'll tell you the average duration of all trades, winners and losers. The average duration of winners is long because the way it makes money is you get into stocks that are going up, hold them for as long as they keep going up in the long-term trend. That could be months, or even a year or...
Yes, absolutely. There are a couple of important things for you to make money trading. First, you have to have a set of profitable rules. If you don't have profitable rules, you won't make money - end of the story. Second, once you've got a set of profitable rules and you must have the confidence to keep following them. A couple of things can shake your confidence, either you don't trust the...
There are lots of different ways or mechanisms for making trading decisions, but as I've alluded to in many different videos and responses to questions, having a set of rules that tells you when to get in and when to get out is the best way for retail traders to be consistent because our emotions get in the way. We have things going on in life like businesses, stresses, positive and negative...
To do proper risk management when trading stocks comes close about how to enter and exit, which is you need a consistent approach to managing your risk. Risk comes in a couple of different forms. There is the risk that you might be wrong on this trade, wherein you buy, but it goes down, this is called a stock-specific risk. There's also catastrophic stock-specific risk, wherein the risk is when...