For me, day trading has always been about one thing - freedom. I wanted to have the freedom to be able to work when I chose, without employees or a boss, from anywhere in the world. Having that kind of lifestyle flexibility is something that almost everyone says they want, but few have taken even the […]
As day traders, it's important to realize that the outcome of a single trade or even a single day doesn't really matter. We work off probabilities and our tested edge, so what's truly important is the outcome a larger sample of trades over time. If our expectancy is good due to a decent win rate […]
It's simple - if you don't know what your trading edge is, then you probably don't have one. If that's you, then you are basically a gambler because you're most likely allowing the market to hold the edge and are hoping you can beat the odds. Even if you get lucky and start off strong […]
One thing I get asked all the time is if futures day traders (like those at Samurai Trading Academy) are impacted by the Pattern Day Trader Rule that applies to those trading stocks or options. The simple answer is no, because by their very nature futures contracts are short-term due to their expiration cycle. This […]
Talk about a wild week, both personally and professionally! The week began normally enough but by the end of it trading was one of the furthest things from my mind. I'm currently spending time in Calgary with family and friends, so the massive flooding kind of threw a wrench in the gears for what should […]