Recent content by fube

Account size is everything. Setting up risk parameters should be contingent on account size. Losing $300 a day, in general, is bad--sure. But, losing $300 on a 5k account and losing $300 on a 25k account is a massive difference. The former risks 6% of your account and the latter risks 1.2%...

At this point, it's seeming like... really low... Really no way to know, but oil never ceases to surprise.

The benefit it has added to my trading is that it helped me determine exits. Before, I always struggled with exits. I would have to use my experience to determine how much my product would typically move if X happened. That was somewhat reliable, but I didn't like that it wasn't objective...

To be honest, I remember coming across that book before, and from what I remember, I think it was more academic-leaning. As in equations, understanding the math behind yields etc. Which for a day trader wouldn't provide much edge or value (I think). You'll want to understand broader themes such...

I think it's about the mental aspect. I think developing the mental framework is key to becoming a good trader. I think once you start seeing the market for what it is--a game of probability, variance, and risk management--then you can manipulate the pieces better. By that I mean, understanding...

I noticed this feeling is common if you do not have a real strategy in place. If you understand why you exit, and if it's apart of your game plan from prior to entering the position, then there is nothing to feel bad about if the move continues in the direction extensively even though you got...

It isn't anything obscure or esoteric. You can either quite literally trade interest rates (as in the yield curve) or indirectly trade interest rates (trade bonds,notes futures contracts). I do the latter mostly. To trade yield curve you'd have to trade the spreads, so buy one futures contracts...