If you want to learn stock trading quickly, you need to get your trading questions answered so that you can keep moving.
If you want to learn stock trading quickly, you need to get your trading questions answered so that you can keep moving.
Trading signals define the way you enter and exit the market and should be based on what you believe about your trading strategy and how the markets work.
Trading mistakes can be a massive anchor on trading performance yet many traders are not even aware they are making them. Learn from our collective experience and improve your results.
Trade profitably by learning to build stock trading systems that match your personality, objectives and ideal lifestyle.
If your stock trading is not profitable yet, then you need to understand what it takes to make money trading stocks.
I believe anyone can learn to make money trading stocks, but there is a catch – watch this video to discover what it is and make sure you are setting yourself up to be a successful, profitable stock trader.
Backtesting is one of the most powerful tools stock traders have to evaluate the performance of their trading strategies, trading ideas and entry and exit signals.
Manual backtesting or paper trading is just not sufficient to get a real understanding of how a system performs and is way too time consuming. Automated backtesting using Amibroker is extremely fast, allows you to generate thousands of trades over decades of market history quickly and easily. Plus Amibroker provides a comprehensive performance report with statistics and graphical outputs to help you understand the performance of your trading system.
If you have not backtested different ways of turning your trading system on and off in different market conditions then you could be leaving a lot of money on the table OR suffering big drawdowns and losses unnecessarily.
Fear causes many retail (and professional) traders to second guess themselves, exit trades too early, skip trades they should take.
This happens because none of us want to lose money trading and when the market gets volatile or starts falling it is all too easy for this fear to impact your trading psychology and hurt your trading decisions.
Letting any emotions get in the way of your trading is a mistake and will cause you to lose money trading.
The best solution to eliminate this trading mistake is to have a correctly backtest and profitable trading system that you have 100% confidence in.
Every market has a different personality and this is critical to being profitable in a new market you enter into. Trading System design starts with understanding the way each market behaves.
Winning trades can feel like riding a zip-line… particularly if you trade stocks using trend following (trend trading system).
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There can be a feeling of nervous anticipation just before taking a trade, and when the trade is moving in your favor you never want it to end…the hope that it will go to the moon sometimes gets the better of us. In the cryptocurrency space they say HODL or hold on for dear life. But this is a HUGE trading mistake.