Captain Hindsight is bound to get in your head. Whether you’re just starting out or you’ve been trading for the last 10 years or so. He is going to question you with two simple words. And these two words, can really cause a negative impact on your trading portfolio. In this short article, I’m going to warn you about how he’s going to uppercut your mind and...
A common mistake that traders make after learning any kind of trading setup is jumping into backtesting using a replay tool, or even live trading. However, if you think about it, trading is very much about pattern recognition. And when you force yourself into live trading without a proper understanding of what your patterns look like, most likely you’ll need much...
One thing that the analysts in this business will be challenged forever is about hindsight. Even the simplest single EMA system can look outstanding when it comes to the happened candles. While, for a mature system trader, what we really focus on is two questions: 1. "Do the patterns match the definition?" 2. "What exactly is the trade? (at least with an entry...