For those building a system I can only commend you for taking on such a challenging and potentially rewarding task. It must be said that it is not for everyone as the skills and focus required for developing an edge are somewhat specialised and niche. The 4000 plus hours I invested into SPA3 has taught…
A trading edge is a set of entry and exit criteria that, when executed, will deliver profit trades that are sufficiently large enough to cover your trading costs and loss trades, and deliver you a positive return on your capital and time. The biggest strength of deploying an edge in the market is not the…
Traders employing a discretionary or subjective bias to their decision making can suffer enormous swings in their emotions – from euphoria when they get a winning trade, to dread and horror when they lose. Anyone hoping to achieve longevity and long term success in the markets can not trade in this way. It is simply…
In all our endeavours in life, preparation before hand is vitally important. This applies to business, sport, trading and everything else that we do in both our personal and business lives. Those that take the necessary steps to learn and prepare themselves prior to an event generally have not only a much higher chance of…
Following on from last weeks blog on executing good trades, this week I will look at the issue of confidence from a trading perspective. The dictionary definition of confidence is ‘a feeling of reliance or certainty’. Here’s another positive way to define it:- Confidence is thinking about, and concentrating on what you want to happen.…
