موقع التقني

  I recently wrote an important article on the topic of how the ways in which we trade impact our psychology .  We commonly assume that working on our heads will improve our trading.  Less often do we recognize that the best way to maintain a positive trading psychology is to trade well. What does it mean to trade well?  Here are two key hallmarks of quality trading: 1)  Quality trading is planned, not reactive - Planned trading means that we begin with an idea that we have researched and then identify good risk/reward points for participating in the idea and proper sizing for the trades, so that we can easily survive being wrong.  Planning means that we clearly identify what needs to happen for us to exit and/or modify our positions.  When we overtrade or take positions out of a fear of missing moves, those trades are reactive.  In reactive trading, we make decisions for psycho-logical reasons, not logical ones. 2)  Quality trading is open-...

  I had two interesting experiences recently.  The first occurred on Friday morning.  The stock market was short-term oversold and displaying early signs of strength before the NY open.  Prior to the decline, we had been seeing unusually low volume and volatility.  I had a string of losing trades during that period.  Each time I recognized the poor environment for what it was and limited my losses.  That awareness, I've found, has been essential in managing risk and maintaining a sound trading psychology.  It was not a great environment for my trading, and that accepting that allowed me to take the losses with equanimity.  Once the market showed strength on Friday, my research suggested the possibility of a short-covering rally.  I bought several positions early on and then other research kicked in shortly after the open suggesting that we could see a trend day.  Now the awareness was of a positive opportunity set.  I added to ...

10 Ways to Achieve Superior Web Site Design In order to achieve online success, one must have effective and reliable products and services and great web design as well. Many people are judging the book by its cover this is the reason why your website should also be superior. Here are 10 ways to carry out in order to ensure that your website design will turn out to be a superior one: 1. Keep those banner programs away. Avoid plastering your pages with every banner program you can think of because it is like broadcasting to the whole world that you are a neophyte in the industry. Besides, it is useless when you are just starting out. 2. Proof read the whole site.  Poor grammar and spelling is a manifestation of being unprofessional. If you can not pay attention to small things like that then how can the potential customers know that you can make a product or service great? Always have some rounds of spell check and have someone proof read the site. That way you can be assured of its ...

  This is one of the great challenges of performance in trading:  We need routine ("process") to follow rules and best practices accumulated through experience.  We need variation in routine ("creativity") to discover new and better rules and practices.   It is important to immerse ourselves in trading and maximize our focus to best apply what we've learned from research and experience. It is important to step away from trading to refresh our views of markets and rejuvenate. If you want to make changes in your trading--or in your life--those have to begin by breaking routine and changing something you do.  Daily. When we rejuvenate, we can view what we are doing in a fresh light and figure out how to best break our routines. Many traders fail for the same reason many marriages fail.  They get stale.  Love--for a person or for markets--never dies.  It has to be killed.  Routine kills.   How are you rejuvenating?  How are yo...

  A number of traders that contact me are working very hard at improving the "setups" that they trade each day.  Often, they're doing a good job of improving their game, but are they necessarily playing the right game? Let's take a look at relevant statistics with the SPY ETF as a market proxy.  What we want to see is how much of the movement in the index occurs during NYSE trading hours and how much occurs when the NYSE is closed.   Going back to the start of 2019, we have gained about 188 points in SPY.  Of those, nearly 109 occurred in overnight action, when the NYSE was closed.  During 2021 thus far, the number of points gained overnight was very similar to the number gained during the day sessions.  Bottom line, much of the directional opportunity in the market has been unavailable to daytraders. This is an important reason why a number of the traders I work with at SMB have begun researching multi-day edges in the market.  They've ope...