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copenhagen denmark
Experience: Intermediate
Platform: NinjaTrader
Trading: Es
Posts: 41 since Aug 2011
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I dont like writing too much , I like to keep it simple with just charts and stats but now I have a little time on my hands ill write about how you die quick in trading .
There are the obvious ones which I wont go over . The main one is the sensitivity level to market impact.
Many traders have a really poor understanding of how to minimize the sensitivity to market impact. This is a thing professionals spend ALOT of time on.
Will try to keep this updated when I have time .
Trading with small stops -
The problem : Very easy to wriggle out of the market . Make your sensitivity to change INSANELY big. There is a downstream of shitty feelings from constantly losing . You have to be very focused and quick . Usually only a good idea at extreme undercuts , which most of the time is where you want to accumulate stock and hold .
The "Solution" : Give yourself more time by cutting down size and increasing stops . This will slow down market impact alot .
obviously there is alot more .. and i will write when i have time
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