I figured out something HUGE and if you are not consistent and profitable in your stock trading yet then you need to understand this secret! Most systematic stock traders out there are making the same mistake, if you look in all of the Facebook groups where trading systems are being discussed you will find countless traders doing exactly the same thing!
Watch the video to find out what it is and then leave me a comment below to tell me whether you agree or not…
Someone challenged me today, one of my facebook posts about my claim that stock trading is scientific that was saying that stock trading is a skill and is absolutely not scientific at all. So I recorded this quick video just to share my perspective about why I believe trading can be scientific and how you can use scientific principles to improve your stock trading.
In this post I explain why you need trading software and why Amibroker is likely to be the best fit for your requirements. In addition I explain that for stock trading systems, the best data source is Metastock End of Day data because of the exceptional value for money and broad market coverage. You can access a special offer for a month free subscription to try out the Metastock data with Amibroker. I also have included detailed videos to demonstrate the subscription process, installation of Amibroker and the Metastock software and how to connect them so they work together seamlessly.
It is written by Chris Shea who is an industrial psychologist and super-trader coach. It is a good ‘starter’ book and a useful reminder if your trading
So how are the financial markets making you feel this week? Hey is Adrian here from Enlightened Stock Trading…. As I record this video we've had a week of extreme volatility, all sorts of craziness and a whole lot of uncertainty in the financial markets. So I just...
Have you ever discovered that something you believed with all your being was WRONG… or at least not as right as you thought? I had one of these experiences today when working on a stock trading system for one of my students. I realized that the initial stop loss that I was using was hurting system performance … so I took it out and BOOM performance improved dramatically!
Warning…This post is a bit of a rant. Forex trading is everywhere at the moment and has been for a while. Is it really the panacea that it is promoted to be. Is it the best way to make money trading? What is my take on it as a professional stock trader and trading educator?
Hint: It is probably not what you think. Read this post to find out why…
The decision about how to execute your stop loss orders is an important aspect of stock trading system development. As a stock trader you have three options for how to execute your stop loss orders…in market stops, close only stops or exit the next day if your stop is breached in trading today. While this choice may seem minor, it can have a dramatic impact on your system profitability, and how your cope with certain stock market scenarios.
Have you ever been frustrated by how long it takes to develop and test a stock trading system properly?
I have struggled with this a lot recently – doing a lot of backtesting and optimization, but not really getting anywhere. That was until I was reminded (at Brendon Burchard’s High Performance Academy in San Diego) about this one simple trick that tripled my trading system development productivity. This very subtle change in the way you approach trading system development will dramatically improve your productivity, quality of results and the profitability of the stock trading systems that you develop.
By eliminating your focus on the money, you will be able to improve your stock trading performance because you are free to focus on the trading activities that generate your profits…by performing these activities well you improve your trading results and make more money!
Sounds reasonable, BUT how can you stop focusing on the money? Isn’t that what stock trading is all about?
This video explains how you can adjust your focus to enable profits to come more easily in your stock trading account.