I recently answered the above question on Quora. ” I won’t know how long it will take you. It took me 2 years for forex. Maybe I am slower. There are many elements to learn in trading in order to be consistently profitable – understanding market structure and determining the edges are just two of many. Money management, trading psychology, […]
Whilst drawing up the trading plans I analyzed edges, key price levels, expected profits/losses, trade management, probabilities etc. After the trade has been executed, I became obsessed with the P/L (profits and losses). Traders who focus on the P/L will likely swing with changing short term accounts of the market environment. They will lose focus of the overall picture […]
Late last year, I asked a reasonably established trader friend if he would take 60% return per annum on equity with low risk strategies (aka close to no equity loss for the year). He was reluctant as he spiraled towards 5 to 10% return on any single trade, perhaps even 20% on a good day. His risk factor would be […]
(Found this interesting article I wrote many years ago whilst cleaning up old hard disks.) Worry the market has been too good? Not sure economic growth is really turning round … but do not want to miss the ride? With so many indices towering towards the sky, surely the sky will not fall…… Are there not many faithful riding the upstream […]