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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....
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%...
If you've got different trading systems in a portfolio and some of them are making and losing money at the same time, which one do you use? The answer lies in the fact that you don't know which one will make money tomorrow. If you've got a trading system in your...
If you've been trading before with different methods, how can you take that and design a trading system out of it so that you can become more consistent? I've done this quite a few times. The trick is to look at how you've made your trading decisions and isolate the...
Yes, it's possible, but you need to test it, see how well it performs, and check if you're comfortable with that stock market system. Different stock markets have different personalities and move differently. The reason they do that is that there are different types...
If I have a long system, can I flip it and make it a short system, and will that be profitable? There's a bit of a problem with that. For example, if we get a short signal and there's a trend down and a trend up, the best possible outcome we can get is low. The best...
Did you know that placing a stop loss order with your broker in the market when they're trading could be ruining your trading profitability? Let's say we entered the trade on this candle, and we placed our stop-loss. The trades going along fine, and our stop-loss is...
Many traders look at a stocks 52 week highs and lows to make trading decisions, but is there really a profitable systematic edge that you can capture by using a stock trading indicator as simple as the 52 week highs or lows? In this article I will investigate various...
In this article you will learn all about what a stocks 52 week low is, how to trade stocks near 52 week lows, how to manage risks and whether a stocks 52 week low can actually give you an edge in your trading.What does a stocks 52 week low mean?The weekly low of a...
Introduction to Improving Your Stock Trading SystemsSystematic traders have a huge advantage over discretionary traders because the system defines exactly what actions we should take in the markets at all times. We know this because our rules are fully defined and...
There are many more order types for stocks than most traders realize. Most traders are familiar with the MARKET order type and also the LIMIT order type, however using just these two most common stock order types leaves you at a huge disadvantage to other traders who...
What to do when your trading system hits your maximum historical drawdown? One of my students recently asked me “What happens/what do you do, when you hit your max draw-down? Do you stop trading and take a break? Keep going?” There is a common piece of conventional...