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Aug
16

(Good) Trading Is Boring

(Good) Trading Is Boring
When you start out trading, it’s pretty much all about the excitement. You watch every trade tick by tick, gazing at a chart ticking up and down together your P&L. You’re long. When it goes up, you feel excited because you’re making money, if it goes down you’re excited because you’re losing money. But boy you’re making sure you don’t miss any of this. You sit there and gaze at that chart as i...
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2055 Hits
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Aug
11

Feeling Neutral

Feeling Neutral
Some traders unconsciously ratchet their emotions up a notch each time they avoid a trade when the market is not in their favor. So their emotions build, like steam pressure, to higher and higher levels. You can see the anger growing in them. They feel that by patiently staying out of every trade that they are demonstrating superior trading skills, but they are not being rewarded for it. When we i...
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2186 Hits
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Aug
01

Is trading a clean way to earn money?

Is trading a clean way to earn money?
Many wannabe traders have trouble following their trading plans when they are seemingly in conflict with their basic beliefs. While you may have intended to stay with a strategy having specific parameters for entering and exiting a trade, there are things that can cause you to abandon your plan when you are faced with the reality of a live market. Sometimes this happens because you question whethe...
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1873 Hits
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Jul
29

Confidence

Confidence
A few years ago I had an interesting conversation with Joe about “what makes a trader a successful trader”. We discussed this over several days because we wanted to find out how we can help struggling traders to enhance their trading. We finally came to the conclusion that “confidence” is what makes a huge difference.A trader can have a good system, good money and risk management in place, good un...
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1921 Hits
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Jul
22

AlgoStrats:FX Launches with Free Trial Week

AlgoStrats:FX Launches with Free Trial Week
I’m happy to tell you that AlgoStrats:FX is Live and Trading will start on Monday July 25th!To celebrate the Launch we’re starting with a Free Trial Week. Meaning you can follow AlgoStrats:FX completely free for a whole week.No strings attached, no credit card required - 100% free.Registration is already open, so go ahead and register your Free Account!I’ve also uploaded a new video to Y...
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1727 Hits
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Jul
21

Paying back borrowed money to the market

Paying back borrowed money to the market
Have you ever changed a losing trade into a winning trade by ignoring your trading rules? I would guess almost every trader has done it at least once, and many do it regularly. The problem is, even if you made money on this single trade, the market will almost surely make you pay back your gains with high interest. Let me giving you an example.  Let’s assume you went long the Soybeans. Based ...
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1550 Hits
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Jul
15

How to trade the mini/micro contracts!

How to trade the mini/micro contracts!
I've received the following email from one of our Traders Notebook subscriber regarding the new Outright Futures trading ideas. I think it is VERY informative!Thank you Tom!!!"This new program sounds very interesting.  Here are a few thoughts about trading with the mini/micro contracts.  I would advise everyone to put up a chart of the full size contract side by side with one of the mini...
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1729 Hits
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Jul
14

Go to the Exchanges for the best basic Information

Go to the Exchanges for the best basic Information
The exchanges all have some very basic information freely available. This even includes some trading strategies. There may be a small amount of hype in what they say, but generally, the information is good. The problem with information you get outside of the exchanges is all too often filled with false claims, slanted to whatever the person is selling. Traders are continually bombarded in magazine...
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1549 Hits
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Jul
07

Trading is not scientific

Trading is not scientific
I say that because trading is not an exact science. You can't do X and get Y every time. Trading does not fit the definition of science. It is not totally objective. It is as much an art as it is anything else. There is no magic formula. Trading is all about probability. It is the art of correctly applying a set of carefully thought out rules and allocating the probability of that event to result ...
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2155 Hits
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Jul
07

How did Ambush make it through the BREXIT?

How did Ambush make it through the BREXIT?
FYI: Get 20% off Ambush through July 13th. Simply enter the coupon code ambush20 when you check out.No doubt, the decision if or if not one should trade through the BREXIT-event and on which days was not an easy one for traders. But like most of the time, the answer at least in hindsight for Ambush traders was a clear "Yes". I personally didn't have any positions on going into the BREXIT-...
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1926 Hits
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Jul
04

Trade What You See

Trade What You See
 It is critical that you trade what you see, not what you think. What you "think" is your opinion, and trading your opinion, or that of anyone else, generally results in more losses than wins.Being flexible, and being able to adapt to what you see in the markets, is the only tradable reality we have.  You have to learn to adapt your trading style to what is happening in the markets in wh...
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1325 Hits
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Jul
04

Why so many traders "don’t make it".

Why so many traders "don’t make it".
Recent figures show that 90% of traders who ever trade lose their account and that 10% actually go bankrupt. Those are scary numbers, I’m sure you’d agree.Traders are not stupid people; most traders have an above average IQ and are above average in most categories such as education and income. I think they don’t make a success out of trading because they lack proper education and mentoring.By educ...
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1907 Hits
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Jun
29

POST BREXIT, ALGOSTRATS:FX LAUNCH AND NEW VIDEOS

POST BREXIT, ALGOSTRATS:FX LAUNCH AND NEW VIDEOS
And a few days after the surprise from UK (sorry to see you guys leave!) the markets seem to calm down a bit already which is nice. But I expect to see a few more crazy days and regarding the FX markets it’s all one big Risk ON/OFF scheme right now, driving up correlations between the pairs.Now I keep on getting emails asking when the Free Trial for AlgoStrats:FX will start but I won’t rush it as ...
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1747 Hits
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Jun
28

Over-Trading

Over-Trading
Over-trading fits in under the topic of risk management. We are talking “risk control.”First, I would say that risk management is one of the most important things that you really need to understand.Second, you must begin to under-trade, under-trade, under-trade.Whatever you think your position ought to be, cut it at least in half. My experience with novice traders is that they trade 3 to 5 times t...
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2106 Hits
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Jun
23

Trading the BREXIT

Trading the BREXIT
Actually I didn't want to jump on the BREXIT bandwagon but since a few of you asked me if I trade the Brexit and if so how, I'll let you know and give you a bit of a warning along the way.There's tons of traders out there on social media, blogs, trading sites and forum talking about how they'll trade the Brexit event, stay up over night and so on.Now I'm not one of them. Actually the Brexit is one...
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1805 Hits
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Jun
23

Learning from losses

Learning from losses
Winners learn more from losses than from profits. When a profit is taken, there may be little room for improvement. When a loss is taken, a trader's self-discipline is the first thing to be examined. The second aspect of a loss is how did the actual price action cause the loss? Was there a trend reversal; an unexpected gap? Most beginning traders sustain losses due to emotional reactions. Traders ...
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1839 Hits
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Jun
17

On 23 June 2016, the UK will vote on a referendum (i.e., BrExit) to decide

On 23 June 2016, the UK will vote on a referendum (i.e., BrExit) to decide
 On 23 June 2016, the UK will vote on a referendum (i.e., BrExit) to decide whether to remain a part of the European Union. This vote is expected to create substantial market volatility in the days leading up to the vote and perhaps even greater volatility should the final vote be for the UK to separate from the EU.  The market consensus suggests that separation would lead to a weaker GB...
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1262 Hits
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Jun
16

Manual Backtesting Pitfalls

Manual Backtesting Pitfalls
If you don’t want to learn how to backtest automatically right now but still want to profit from backtesting, you got to do it manually. That’s how I started too many years ago. I still remember sitting there with printed charts and writing down trade results on a separate sheet of paper.Now there are some pitfalls you better know about when doing manual backtests and that’s what this weeks video ...
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2104 Hits
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Jun
15

Ego-less Trading

Ego-less Trading
The majority of traders might think it would be impossible to trade in an "ego-less state", but this is not the case. To trade in an ego-less state means simply to not let the ego and emotions get involved. While trading in an ego-less state, winning or losing on a single trade become almost meaningless when the focus lies only on the whole picture.This is the soul of ego-less trading. Trading wit...
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2290 Hits
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Jun
09

The Best Trader in the World

The Best Trader in the World
If you had to describe the best trader in the world, who would that person be? What qualities would he have? Take a moment to envision him. This is important, because this is the person you want to be, so you need to have an exact picture of him and what his qualities are.The answer is that he is someone whose trading is somehow “complete”. Someone who is controlling his trading at all...
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2061 Hits
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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.