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...
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...
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...
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...
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...
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...
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...
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...
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...
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