How most traders trade without an edge and don’t even know it

There are two mistakes most traders make when building a basket of trading setups.1. They trade setups without and edge.2. They trade the setup in the wrong market.Your trading "edge" gives you a reliable idea of how much you can expect to win with your setup over time. A well tested setup gives you a... Continue Reading →

June 21, 2016 3

The Fallacy of Backtesting and Adapting to Current Market Conditions

I recently engaged in an interesting chat with a novice trader this weekend. It got me thinking about the fallacy of backtesting and why I don't rely on past statistics. You heard me correctly. My take on backtesting is controversial and puts me in the minority. Some have called me an idiot for this view and... Continue Reading →

March 14, 2016 2

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How most traders trade without an edge and don’t even know it

The Fallacy of Backtesting and Adapting to Current Market Conditions

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