i love puzzles and problem solving i really do believe it helps to enjoy solving the puzzle of the market. i enjoy sitting and making sense of the stock market for hours a day
Practical points/clues from 033: - To end the beginner's cycle one must start to focus on learning how our own psychology affects the performance of the systems we trade (or choose) and realize the system itself is not responsible for success (this is how the professionals think). The second part involves objective analysis of past performance which is used to gauge present performance (ie: the "why's" of recucurring drawdowns), and what to expect in the future (building confidence). - Chris trades the day's close and checks the possible setups through the day, while trying to day trade he figured out that he didn't have the mindset best suited for short time-frames, so he moved to a higher one. He also changed back to his own strategy instead of using his mentor's. - More trades don't necessarily mean more profits. - Chris possesses two portfolios he likes to analyze. The real one (his live trades), and the "make believe" one, where he simulate the "what if's" on which he was more disciplined and fit to his trading philosophy. - The trading method includes the use of 50 M.A and support and resistance applied to trend following retracements, while taking in consideration the use of price action (reversal candles) on higher time-frames. The holding time can take months, but the trades are monitored in a way that is possible to exit quickly if needed. - To gauge an edge, one of the simplier methods to use is a qualitative analysis of an equity curve, it must be trending up with little/shallow retracements.
i love puzzles and problem solving i really do believe it helps to enjoy solving the puzzle of the market. i enjoy sitting and making sense of the stock market for hours a day
Great
General
1. Psychology / Position Sizing
Practical points/clues from 033:
- To end the beginner's cycle one must start to focus on learning how our own psychology affects the performance of the systems we trade (or choose) and realize the system itself is not responsible for success (this is how the professionals think). The second part involves objective analysis of past performance which is used to gauge present performance (ie: the "why's" of recucurring drawdowns), and what to expect in the future (building confidence).
- Chris trades the day's close and checks the possible setups through the day, while trying to day trade he figured out that he didn't have the mindset best suited for short time-frames, so he moved to a higher one. He also changed back to his own strategy instead of using his mentor's.
- More trades don't necessarily mean more profits.
- Chris possesses two portfolios he likes to analyze. The real one (his live trades), and the "make believe" one, where he simulate the "what if's" on which he was more disciplined and fit to his trading philosophy.
- The trading method includes the use of 50 M.A and support and resistance applied to trend following retracements, while taking in consideration the use of price action (reversal candles) on higher time-frames. The holding time can take months, but the trades are monitored in a way that is possible to exit quickly if needed.
- To gauge an edge, one of the simplier methods to use is a qualitative analysis of an equity curve, it must be trending up with little/shallow retracements.
Abade thank you friend
Thank you for this. I look forward to all your summaries.
Thx Mr. Fifield...that was another good one...!
+Tony Parker thanks Tony.
so who was this guy's mentor?
What are the books he mentioned??
Any chance you know the books now?
Tks you mr.Aaron for sharing this edge . thanks Chris i will send you a hair dryer for christmas gift .
I was walking down the the road the other day thinking man trading is just like the ultimate game of RISK ha
fuck back-testing.. so tedious
Where are you at now? After 3 years
@@koussay84 still stuck! 😃 but on the verge of massive breakthrough and profits! 😀