I just posted another video on our YouTube channel about another very common trading mistake, and that's trading your P&L instead of the actual market. While there are many variations of this, I guess I covered some of the most common ones that I've done myself again and again when I started trading. Go check it out and let me know if you have any questions or comments!
I just uploaded Episode 3 of my Questions & Answers Series to YouTube. It covers questions on the usefulness of demo-trading and on trading 123 formations. In the last part I talk about why I developed my own python-based backtesting platform which is probably only interesting for those of you who're hardcore into system-development. So if you're not, just stop there ;)
About a year ago I wrote an article about measuring performance where I explained the concept of measuring trading performance in Rs instead of $s. Everyone who trades for a while quickly realizes that $s don't really say too much about performance. You made $10? Maybe great. You made $50.000? Maybe not so good. The question always is in relation to what? What account size does the t...
There seems to be a massive obsession out there among traders about the EUR/USD, what's going on with it, where it's going and why. Whenever I go on twitter or Facebook or any of the financial news pages, I find at least a couple of posts on what's going on in that market, usually with some bogus comment on why. Classic one would be "EUR/USD moves higher after breaking through 1.1350" or "EUR/USD ...
Hi Trader, now this has been a quite volatile week so far in many markets and I hope you've also been able to capture some nice profits out of these wild moves! Thanks to my trading being almost completely systematic right now I still had a few minutes to record a new video for YouTube and actually start of a new Series. In the first one I explain what a BID/ASK spread is for those of you who're c...
Hi Traders, after a much needed vacation I'm back from the hills where I could hike long enough to get all relaxed and clear headed again! Now back to the markets, when it comes to currencies, everyone is talking about the Yen these days, especially against the USD (USD/JPY). And yes the USD/JPY dropped quite significantly during the last two weeks, but for the Yen this isn't that unusual. Still i...
I hope so since thanks to Ambush we're short the USD across the board today. Entry in the Euro FX Future for example was at 1.11825 around the low of the day.
With the ICE rising their market data fees to $117 per month, many traders are thinking about alternatives to trading the Russell 2000 (TF) for example. Sure, it's just 12 ticks in the TF you might say, but that doesn't make it better...any additional trading costs you can save, you want to save! Regarding the Russell 2000 (TF) you might want to have a look at the EMD traded at Globex. Yes it has ...
After my last two spot-on calls on the EUR/USD, here's the next one, plus a video on why you shouldn't pay any attention to it: My feeling is that since everyone expects the EUR/USD to correct right now, it won't but will instead move up for another day or two. Again I won't trade on this, actually I'll probably be short again tomorrow... And here's the video why you shouldn't care about any marke...
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Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.
