Recent content by sroehling

I do appreciate your perspective. One thing I've learned is different traders have a different viewpoint and thought process for approaching the markets. What works for one trader doesn't work for another. This chart is just one way to look at it, and is not meant to be all-encompassing or set...

Thanks for the constructive feedback. I think the wording in your last paragraph describes the information in the Venn diagram really well. For example, we aspire to have conviction with our trading. However, lacking underlying knowledge of the markets or sufficient skill can shake/damage/infect...

Based upon my own experiences, I wrote up an article summarizing the methodology I’ve developed and adopted for trading systems development. In particular, I strive to balance out technical aspects of systems development with human factors such as psychology: Find Your Niche by Developing...

Including yourself, several people have responded to say getting discipline and patience in your everyday/real life is key. In my own experience, there's definitely some overlap between good disciplines in real life and trading, but other things don't translate too well. For example, others...

Yes, failure is a big one. Trading is one of the few avocations I can think of where failure is not stigmatized and is in fact a normal part of doing business. For example, most traders would be delighted to have a 60-70% win rate (30-40% failure rate). I also see what you're saying about...

At least for me, this also goes both ways. For example, trading has taught me a lot about risk management, the importance of perseverance, etc.

Ostensibly, this may seem off-topic, but I do think journaling plays an important role to improve trading discipline and performance. I may be missing out by not using physical paper, but I write down these things in an iPhone journaling app. Over time, I'm able to go back through these journal...

Actually, I wrote the article in consideration of moving towards higher timeframes. Nothing against people who want to day-trade, but I have my own beliefs/reasons to prefer longer timeframes. For example, I believe there is more conviction in a daily/EOD close than intraday and this is what I...

This is a thought-provoking response. What I've experienced is if my position sizes are too large, my patience go into the red. Dialing back individual position sizes allows me to sit through the normal volatility/fluctuations and stick to my trading plan. In effect, I'm able to develop a...

The article itself provides a lot more context for each one in my list. I also appreciate these come from personal experience and may not be suitable to different traders' style and temperament. For example, on #7, here's an excerpt from what I wrote in the article: How does backtesting help...

Yes, perhaps the title for #10 could be better. These are all taken from personal experience and in the context of being a longer term position & swing trader (the article itself provides more context too). By "just keep on trading", what I mean is not to become less disciplined and over-trade...

Yes, for trading intra-day, I can definitely see having a block of uninterrupted/focused time would be very beneficial. I don't day trade, since it would conflict with my personal schedule and other obligations. If you know you have an upcoming business meeting or personal commitment (e.g. drive...

I started trading a few years ago, and I'm primarily a longer-term position trader with stocks. Through trial and error and learning from others, I've adopted numerous tactics to become more patient and disciplined: To summarize: Avoid using market orders Use alerts to watch stocks for you...