Trading Strategy Articles –
By Bennett McDowell Money management in trading involves specialized techniques combined with your own personal judgment. Failure to adhere to a sound money management program can leave you subject to a deadly “Risk-Of-Ruin” exposure and most probable equity bust. With this in mind, here are a few essential money management techniques that can make a
For many years I was a futures market reporter with the FWN wire service (now called OsterDowJones). I spent time working right on the futures trading floors in Chicago and New York. Most of the time my daily reporting “beat” involved interviewing traders and analysts and then writing three daily market reports. For months at
By Jim Wyckoff Many traders attempt to find the single-most “robust” trading strategy possible by looking for one set of rules which works for all markets. Such systems don’t take into account the fact that markets can change quickly and dramatically due to a news event, according to Perry Kaufman. “There are times when a
I am frequently asked how long one should backtest a trading system. Though there’s no easy answer, I will provide you with some guidelines. There are a few factors that you need to consider when determining the period for backtesting your trading system: Trade Frequency How many trades per day does your trading system generate?
By Jim Wyckoff I have received several email messages from my readers asking about how to best determine entry and exit strategies when trading markets. Here are just a few of their quotes: “Though my success rate has been high, I am only breaking even financially, due to getting out too early in profit and