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 →
How to become a trader? – Starting My Journey There’s a lot of people interest in trading lately. They saw a few trading movies, got super excited, and decided to give it a try. That’s totally OK. Some of you … Continue reading →
Reinventing Yourself Book I wasn’t expecting this -Reinventing Yourself – book will have as much of an impact on me as it did. I know there are tons of great self-help books. And many of them basically regurgitate the same … Continue reading →
Day Trading Lingo – Word of the Day – Indicators How to start day trading? This is what you will be using on your chart to help you see the green lights for your entries. There is a myth that … Continue reading →
Day trading, intraday trading, or any other version of what can happen in one day is exactly that – you are literally in and out of all your trading positions before the sun sets in your part of the world. … Continue reading →
Day trading is NOT investing (I have to repeat this). One of the biggest confusions and misconceptions is that trading is like investing your money and watching it grow over time. Day trading is exactly that – you close all … 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.