There is one way of gaining inspiration for your next trading move that more and more stock traders are forgetting about.
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Stock Trading Tips and Strategies – Don’t Trust Anyone…
You wont believe what happened – I had to have a rant about it! This is why Backtesting EVERYTHING for yourself is so important. Learning how to backtest correctly is the number 1 skill for technical traders.
Are you at risk because you havent backtested your stock trading systems?
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.
How To Survive Long Term as a Trader | Stock Trading Tips
I was visiting the Guinness Book of Records museum with my family in Los Angeles today (my kids love that stuff…) and it got me thinking about all the people who spent their lives trying to break a record. So few actually break world records, even in obscure activities, but people still try!
If you want to succeed as a profitable stock trader for the next 10 years or more then you need to NOT be like people trying to break a record… you need a higher probability approach.
In trading this means having a high probability of profit over many trades over many years. Too many traders act like they want to get rich by next week, but that only guarantees their failure in the long run because they end up blowing up and losing everything!
Have you wondered “What stock should I buy?”
If you have ever asked “What stock should I buy?” or “What is the best trading system?” then you really need to watch this video. These questions are extremely common, BUT it is a HUGE trading mistake.
Stocks that go on trading halt drive me bonkers
Stocks that go on trading halt for an extended period of time really drive me bonkers. This happened to me 12 months ago and the stock is still on trading halt – I can’t get my money out!
The lesson is to make sure every trade is only a small percentage of your capital because if trading in a stock is halted there is nothing you can do but wait, and you don’t want to be stuck with a large position that you can’t get out of!
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.
Optimizing an Amibroker trading system the right way
A trading system is a group of specific parameters that combine to create buy and sell signals for a given security. I would say almost every successful trader has a trading system, but not every trading system is successful because many stock traders optimize their trading systems the wrong way.
In this video I will show you the correct way to optimize a parameter value in Amibroker. The great thing is when you optimize your trading system like this it only takes minutes and you end up with a much more robust trading system.
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.
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!