Understanding your edge It’s no secret that in order to be sustainably and consistently profitable. You need a mathematical edge in the market. At the core of your edge 1 important rule should never be broken. If it is, it essentially means you don’t have an edge. The sum total of your winning trades, needs …
It’s difficult to trade and have a 9-5 at the same time. However, it can be done. Robust trading systems and setups can within reason work across all time frames. Some though they work well across all time frames. They turn to work even better on the longer time frames than in shorter ones. Some …
Many professional traders recommend some screen time, as it helps develop an intuition and an edge. Getting sufficient screen time takes a lot of time. As swing trader, getting your 10,000 hours in actively can take years. I recently discovered a feature on trading view: “replay”. As the name suggests, it lets you replay the …
“It takes a lot of showing up, for you to be lucky” – Krista van Heerden. As a trader this is a concept you need to familiarize yourself with. We often hear overnight success takes 10 years. When placing a trade, you have no clue whether that particular trade will be a winner or a …
So, I designed an experiment with my niece to see the impact risk management has on a trading system. To ensure the odds are on her favor, I gave her a 1:2 risk: reward system over 30 tosses. She had to guess on the landing on the flip of coin, wining twice as much as …