Steps that bring trading success

[austinp]

Quote from Piffle:

Also, we need to be clear on what it means when rules "work". Work means they have a positive expectation, not that they make every trade profitable. There is no set of rules that makes every trade profitable. One of the biggest problems losing (heck and even some winning) traders have is that they don't embrace expectation and how it works and focus too much on the current trade, IMO.

quality gem. copy on a post-it note and keep pasted in front of evolving trader's screen.

 

[Mav88]

you forgot the old adage- to make a little money in the markets, start with a lot of money

 

[afto]

Could be used as a sort of low level hedge to pick off additional profits against your primary position.

Quote from The Big D:

I would expect to see a similar phenomenon in nearly every heavily traded instrument except possibly ES, the bond futures, and FX. I wouldn't even be surprised if you found it there.

The exact time frame and conditions needed to create the correlation will probably vary from market to market. But in any market that moves, if I zoom in, I expect to see it.