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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Hey, Adrian here, founder of Enlightened Stock Trading. In this video, I've got an Amibroker tip for you that's going to save you hours of frustration. Have you ever run a backtest in Amibroker and then wanted to look at the trades on the chart and see exactly where...
How do you know if your trading system rules still work? Should I continue to use my trading system? Or should I change, refine, re-optimize or just throw it away altogether? The answer is through understanding the performance statistics that the system is generating....
If you have a strategy or system that you've backtested over a long period, look at how it performed over different periods. Let's say you've had three weeks of drawdown, if you run a backtest over the last 10 to 20 years or how much data you've got, you can look at...
It absolutely doesn't matter. In fact, it's one of the less important statistics to make trading profitable. This is contrary to what you think because you need to be accurate and right to make money. That's what school teaches us to do. For example, my trades are 50%...