Tuesday, April 8, 2014

Guiding principle in the markets

As long as there's an 'inkling' of gut-feel, execute that decision.

Saturday, January 4, 2014

Integrating demo trading with live trading

Carry out your live trading routine with live trading rules (analysis,anticipation etc.). Then carry out your demo trading routine with demo trading rules. Keeping both schedules separate is important as they require different psychologies, routines and rules.

Friday, December 6, 2013

Enjoy your 1hr work week

Why put so much effort in monitoring smaller and lower probability timeframes, when you can enjoy a stress-free 1hr work week monitoring the daily chart 5mins a day?

Thursday, November 28, 2013

Trade Less, Earn More.

The lesser you trade, the more you earn. Choose those with the best everything - risk reward, probability etc. Imagine earning 1:5 r:r with the best probability.

Friday, November 8, 2013

Post-entry choppiness in smaller timeframes

When after entering a smaller timeframe trade, price starts to consolidate or chop for an extended period of time, it is best to just close out the trade because it is quite probable that volatility would hit you anytime.

Vary position sizes

Vary position sizes according to one's gut feel confidence in the trade.

Smaller timeframes

One should not trade smaller timeframes than the daily one, as there is increased volatility. Volatility can suddenly occur and stop out your trade prematurely. Therefore, one should only enter smaller timeframes on a volatile signal candle ie when price range of candle suddenly widens a lot