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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...
Drawdown is one of the most important topics to understand and master when you learn stock trading. It is given a lot of lip service in trading system development literature but there is very little practical information on how to manage and reduce drawdown in your...
OVERVIEW My name is Adrian Reid, the founder of Enlightened Stock Trading. This post will show how you can build Go Live Confidence in the Trading System. The reality is that you need more Confidence with all the market gyrations and the changes in market conditions,...
One of my mentoring students sent me a really great question today which I thought was such a useful lesson that I wanted to share it with everyone in my community... This is important because getting this wrong risks deluding yourself about how good your trading...
Why is backtesting so powerful? Backtesting is one of the most powerful tools in a technical trader's toolbox. With modern backtesting software you can backtest your trading rules over thousands of stocks, over the last 20+ years of market history in just seconds. Why...
In my article "Backtesting Your Emotions To Build Confidence In Your System" we have talked about backtesting to build confidence in your trading system. What happens as soon as most traders learn about automated backtesting is they jump to Optimization. Optimization...
In my "System Trader's Advantage" article we discussed what trading systems are, how systematic trading helps traders and how backtesting gives systematic traders an edge over other traders. In this issue I want to discuss what actually makes a trading system...