Why you can’t ONLY rely on a backtest when testing your trading systems… Only watch this if you want to avoid blowing up your account!
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The Single Best Cure for Stock Trading Overwhelm
Momentum is critical to your stock trading success. Not market momentum, personal momentum! The biggest thing I find that slows momentum in traders is overwhelm about all of the ways they could trade the stock market.
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There are countless stock trading indicators, trading strategies, instruments, trading systems to choose from. Unless you get completely clear on your stock trading objectives this can be overwhelming… and trading overwhelm causes inaction which leads to huge opportunity cost and loss of future wealth.
Are you prepared for this type of black swan in the stock market?
The vast majority of traders don’t give enough consideration to things that can go massively wrong in their stock trading. This is the biggest reason why I am still profitable after over 18 years trading and I have never blown up an account.
Can You Learn To Trade By Watching Youtube Videos?
You need to immerse yourself in trading books as well as YouTube videos so you get a coherent learning experience.
HUGE Reasons To Use Daily Charts And NOT Day Trade
The trading industry is hell bent on getting you to daytrade so that they make more commissions and can charge you higher fees for all of the real time services… Here are some important reasons to think differently about your trading strategy.
Trading Lessons from an old mining town | Stock Trading Tips
Learning to trade stocks may seem hard, but it is easier than digging in a mine… Trading systems are important to sift through the market to find the best trading opportunities.
The 3 things you need to succeed as a trading system designer
I have been developing trading systems for over 15 years and today I had to throw away 4 different systems I was working on because they didnt make the grade… but the effort paid off because my fifth system idea was absolute GOLD.
The frustration and satisfaction at the end reminded me that these three things are critical for you to be successful as a trading system developer. This is true regardless of whether you want to trade stocks, futures, forex or cryptocurrencies!
Taking a profit WILL send you broke!!!
In order to make money trading, you need to allow your winning trades to grow rather than as soon as you get a profit snatching a quick profit and closing that trade out. If you snatch the quick profit and close the trade out, you guarantee that you’re going to get a small win. Trouble is when you get a loss, that loss is always going to be bigger than that small win that you’ve managed to capture.
Getting used to a new stock trading system
Have you had trouble getting used to trading with a new trading strategy or trading system? This video will help!
Measuring Your Trading Systems Performance | Stock Trading Tips
Designing and backtesting stock trading systems is a subtle art… many traders focus on the wrong metrics when they are optimizing and refining their systems. Make sure you are not among them!