As it's Fib Ratio Day (6/18), I thought it appropriate to write a blog that explains the .618 Fibonacci retracement ratio. The .618 Fibonacci Retracement Ever wondered how traders make accurate predictions of price movements in the stock or futures market? What secret sauce is integral to their technical analysis? In this blog post, we'll [...]
Book: Extraordinary Popular Delusions and the Madness of Crowds Author: Charles Mackay "Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay is a fascinating exploration of human psychology, mass hysteria, and the often disastrous consequences of people's irrational behavior throughout history. Initially published in 1841, the book delves into various instances of economic bubbles, popular [...]
The "Performance Metrics 101" blog series is geared towards providing traders with the essential evaluation tools they need to assess trading performance accurately. The goal is to provide a complete understanding of these tools, enabling traders to use them effectively. Profit Factor: A Key Metric for Trading Performance Assessment Traders know the importance of keeping [...]
The Technical Analysis 101 blog series is your guide to understanding trading concepts, price patterns, and technical indicators. Every post will focus on a specific topic to expand your knowledge and elevate your trading game. Parabolic SAR Indicator: An Essential Tool for Traders The Parabolic SAR (Stop and Reverse) indicator, created by Welles Wilder in [...]
Systematic Advantage #10: Systems allow you to test the Martingale position sizing algo … before you blow up your account Automated systems offer traders a significant advantage in evaluating the performance of the Martingale position sizing algorithm before deploying it, thus mitigating the risk of massive losses. The Martingale algorithm involves increasing the trade size [...]
As the U.S. Open starts this week, it sparked my thoughts on the parallels between golf and trading. What a Pro Golfer's Bag Can Teach Us about Profitable Trading As any professional golfer can attest – the key to success on the golf course is having the right set of clubs in your bag. Similarly, [...]
The Technical Analysis 101 blog series is your guide to understanding trading concepts, price patterns, and technical indicators. Every post will focus on a specific topic to expand your knowledge and elevate your trading game. Welles Wilder: A Profound Impact on Technical Analysis Welles Wilder, a name that resonates throughout the world of trading and [...]
The “Trader's Mindset” micro-blog is the perfect source of inspiration to help you stay focused, determined, and motivated on your trading journey. Follow The Plan To be successful in trading, you must adhere to a clearly defined trading plan. This plan should outline your entry and exit points, as well as your position size and [...]
Title: The Triumph of Contrarian Investing Author: Ned Davis "The Triumph of Contrarian Investing" by Ned Davis offers a thought-provoking exploration of an investment approach that goes against conventional wisdom. Through meticulous research and engaging writing, Davis successfully puts forth his central thesis: contrarian investing, or betting against the majority, can yield impressive returns in the long [...]
Welcome, weather enthusiasts and curious minds! Today, we'll delve into the fascinating world of the El Niño weather pattern. We will explore what it is, how it forms, and its main components. We will also discuss its impact on weather, climate change, and the environment. El Niño 101 El Niño is a cyclic phenomenon of [...]
