Author: James

My Trading Setup

Dell XPS 8940⁠11th Gen Intel i7-11700 @ 2.5 GHz⁠48 GB RAM⁠NVIDIA GeForce RTX 3060 Ti⁠500GB SSD⁠1 TB HD⁠Dell wireless mouse⁠Logi wireless Ergo K860 keyboard⁠Dell S3221QS curved 32 inch 4k monitor⁠Samsung U32R59x curved 32 inch 4k monitor⁠800 Mbps cable internet connection⁠⁠What I like about this setup is it’s somewhat minimalist (I don’t have the 8+ screens […]

Basic Strategy Evaluation

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. […]

Conviction Is No Excuse For Poor Risk Management

You’ll often hear traders talk about “conviction” on a trade, and even mention sizing in when conviction is high. But should conviction dictate your trading decisions? Defining Conviction Conviction can be defined as “a strong belief or opinion” or “the feeling of being sure that what you believe or say is true.” Now, there’s nothing […]