Today was the cleanest setup for pyramiding futures that I have seen and traded. (Typically I see them after the fact.) It resulted in $300 profit, never risking more than $20 at a time, trading on 1-minute and 5-minute charts. Today’s S&P opened with a slight gap up. This week my outlook has been neutral…
How to Trade an Edge Like a Casino
I’m working on this exercise to see if I can earn profits with a price-based mechanical trading setup. I’ll be coldly unemotional, like Mr. Spock. I’ll also share the setup for a system I back tested for profitability, and will follow my progress and results here in adapting Mark Douglas’s exercise called “Learning to Trade…
Why Trading? Behind the Desire to Trade For a Living
My Learning Library for Trading
These books have been helpful to me as I learn to trade. The New Trading for a Living by Dr. Alexander Elder | Here is the book that started it all for me. This is a reference standard for people who are serious about getting into trading full- or part-time, detailing trading psychology, methods, and…