Author: James

One very important factor in trading is deciding how much size to use on each trade. There are a variety of methods for choosing position size. It could be a flat number of shares (such as 1000), a flat $ amount per trade, or a percentage of your total account size. There are also more […]

People get into trading for one obvious goal: to make money, and to do it in a scalable way. Of course, making that money comes with risk. In trading, you can just as easily lose money as you can make it. And when you look at the stats among day traders, people are more likely […]

Ahhh, the 1 minute chart…probably the most popular time frame among day traders. But what if I told you that you might benefit from switching to a higher time frame? In fact, I’m here to make the case that you might want to ditch 1 minute charts altogether. I no longer use 1 minute charts […]

Every trader has tools they use for their trading. These are all the trading tools I use. While none of them will turn you from an unprofitable trader to a profitable one (you need to put in the work to do that), they can give you the tools to help work on your edge and […]

Any profitable trading strategy involves the following elements: Finding setups Entry criteria Stop loss placement Position sizing Exit strategies/profit taking A statistical edge that ensures a positive expectancy (a positive average profit per trade) over time This article will focus on the very last element…ensuring your strategy is profitable over a reasonable sample of trades. […]

In my January review, I told you how the smallcap market was dead and I made very few trades. The smallcap market continued to be dead for most of February. Thus, I decided to adapt and I worked hard on some largecap strategies. However, this time I wasn’t going to make the same mistakes as […]

A part of trading success involves choosing the right broker(s) for your needs. Here’s a list of brokers I currently use, followed by a list of ones I’ve used in the past. I’ll give advantages and disadvantages to each one. I’ll also note that I’m not an affiliate for any of these brokers, so I […]

January was a very slow month. The smallcap market, which is the market I primarily trade, was dead. There were very few opportunities that fit within my strategies. I missed some multi-R winners the first week of January. After that, things were just dead…very little would pop up on my Scanz software or on Stockfetcher. […]