Every day, traders must make decisions: What to trade. When to enter. How large a position to take. When to exit. Whether the system is healthy. Discretionary traders acknowledge the subjectivity of their decisions and draw on experience. Systematic traders use objective functions designed to identify important decision criteria and quantify […]
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Perhaps because we offer several long-only systems we have often been asked if there is a difference in trading the long side of a market vs. trading the short side. I think most experienced futures traders would quickly agree that there are inherent differences between trading long versus trading short. […]
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This article reproduced with permission from Brett Steenbarger When people hear that I am an active trader and a professional psychologist, they naturally want to hear about techniques for mastering emotions in trading. That is an important topic to be sure, and later in this article I will even have […]
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… from the greatest trader ever! In the early part of the 20th century, Jesse Livermore was the most successful (and most feared) stock trader on Wall Street. He called the stock market crash of 1907 and once made $3 million in a single day. In 1929, Livermore went short […]
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Position sizing is a calculation which determines the optimal amount of units to purchase. Position sizing is a little known concept amongst the majority of traders and investors and yet it often has dramatic effects on the overall performance. As an example, it has been statistically proven that a random entry […]
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