Avoid This Huge Mistake When Backtesting
In today’s newsletter, I want to address the biggest mistake I see traders make when they start backtesting.…
Think Position Sizing is Boring? Check This Out!
“My strategy worked well for a while, but then one trade wiped out all my gains.” Some form…
Your Stop Loss Is Too Tight
Here’s a note from a fellow reader replying to my post on backtesting without stops. (I always get…
The Exact Moment I Became a Quant Trader
In the mid-2000s, when all the wise people in my life were telling me it was a bad…
How to Create a Profitable Trading Strategy
I’m going to let you in on a little secret. All trading strategies work and all strategies don’t…
A Daily Trading Goal is a Terrible Idea
In Annie Duke’s book Quit, she describes a study of the behavior of 2000 cab drivers in New…
One Question to Identify a Profitable Trader
If you’ve traded for any length of time you’ll quickly realize that there are a lot of traders…
Take Your Best Trades with Bigger Size
Imagine you’re playing poker and one of two scenarios plays out. Scenario A: you’re dealt a pair of…
Can Limited Time for Trading Be – A Good Thing?
Fellow reader Sashi N. (posting with permission) contacted me with this trading concern: Hi Dave – my biggest…
What Manual Traders Can Learn From Systems Traders
A reader (Chris, posting with his permission) emailed me recently to ask how he could improve his trading:…