When you first started to trade, how did you judge your results? If you're like most novice traders you likely had little understanding of the concept of trading expectancy, so you focused almost entirely on your win rate in the early days. You were probably trying to win 80 or even 90 percent of the […]
So it finally seems to be settled. The long awaited resolution to government shut-down and the debt ceiling is at hand and... nothing of note was accomplished. Well, except for maybe a serious hit to US prestige. It's been a somewhat vexing time for traders lately because the uncertainty has forced us to be a […]
Now this is a nice way to start the week! Mondays are often one of the slower days of the week on average, but today we had an excellent trending move with some quality trade setups. The market is still filled with uncertainty, and after last week's gap up and subsequent massive jump to […]
I wanted to put together this short and sweet recap today because I think it provides some good lessons to those looking to become full time traders. Today was a tough day for me, where my patience wasn't really rewarded and I only made a very small profit after being negative in the early part […]
This week can be summed up in one word - challenging. It's not that there wasn't profit to be had. In fact, some of the STA traders had big 15+ point weeks and broke their personal record for their most profitable single day so far. So while there was major profit potential what made it […]