The first thing is being consistently profitable, and the second thing is having the discipline to stick to your system. I want to be clear that trading is not like a day job, compared to going to work, getting paid, there is very little consistency in your returns...
When you design your system, you have to know what your exact entry rules are. We often focus on the indicators, but we miss the execution. I don’t look intraday, I only look at daily charts. When I’m trading end of day systems, I download my data, I run...
There are many ways to actually be profitable trading stocks in the market but what you need to understand is that there’s no magic indicator, there’s no rule that is universal. There are rules that work and there are rules that don’t work, the trick...
You’re always going to have conflicting signals if you’re a discretionary trader and use technical or fundamental analysis. This is why I trade systematically, because if you’re a discretionary trader, then you wake up in the morning and the first thing you...
Any broker is going to lag your trade long so let’s focus on a short side. The real question is, how can I diversify the long side and actually trade short as well? The first thing is you need a broker that will support shorting. That could be if you’re in...
