Results for date "2019"

Three Ways to Bust a Trading Slump, Immediately


Having a career as a day trader sounds awesome right? I mean, you basically roll out of bed, throw on some shorts and a tank top, click a few buttons, make your money, then hit the beach with beer in hand … right? Well if you believe that, I’ve got some oceanfront property for sale in beautiful Colorado and it’s got your name on it. The truth is that day trading as a career isn’t always flowers, butterflies and rainbow-crapping unicorns. As a trader you’re subject to the ebbs and flows of the market and sometimes it …


Data Analysis and Strategy Development


The most important thing you can do as a developing trader is consistently review and analyze your trades.

As a data-driven trader (and a data geek in general), I love data analysis in trading. When reviewing and analyzing your trades, your goal is to identify potential pitfalls, understand what you did wrong, understand what you did right, and single out any trends, ultimately allowing you to draw conclusions about how you can improve in the future. Like any other new skill such as playing an instrument or learning a new sport, learning to trade requires practice and a lot of …


Control


Throughout my trading career I’ve interacted with many traders. I have been a member of several different trading communities where I could watch some new traders blossom and others blow up their accounts. I have worked personally, on a daily basis, with many different brand new traders as well as some vastly experienced ones to both tweak my own style as well as to try to help newer traders tweak theirs. Ultimately, some of these traders have stuck it out and become profitable, some are still working on it, and some have decided that trading is not for them …