Ticks and Points – What in the World are These? When trading the ES you will be referring everything to amount of ticks and points. Unlike with stocks which is in dollars, cents or points (which is simply dollars – … Continue reading →
Day Trading Tip – Inaction Can be a Good Thing One of the biggest misconceptions of day trading is that you are in constant action, in and out of trades. Sometimes the market simply won’t have anything to offer you. … Continue reading →
What is backtesting in Day Trading? Once you have a trading plan and you have found some trades that you feel comfortable with and that SEEM to work continuously. Now you need to backtest the shit out of them. The … Continue reading →
What Are Contracts in the Futures Markets? When trading futures you actually use contracts in two different ways. When futures contracts started, you have to remember they were for physical items with expiration dates. They were commodities. Even though we … Continue reading →
Day Trading Lingo – Basic Vocabulary to Help You Dive In and Have Fun Day Trading seems to have it’s own lingo and vocab that can seem scary when you first hear it. However, once you know the few basic … Continue reading →
Day trading, as I mentioned before, comes in many different forms. I trade strictly the Futures Market and only the ES Mini. What Is the Futures Market? It’s really simple. Futures market has always been associated with the commodities markets … Continue reading →
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLAIMER: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. 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 WHICH CAN ADVERSELY AFFECT TRADING RESULTS.