Breakout Trading Blog
Beware the ‘Rule of Thumb’!
So called ‘Rules of Thumb’ are very popular in the world of trading, investing and personal finance. You probably know about the 2% rule. You may have also heard of the Rule of...
Here’s another way to build your edge…
Have you watched the movie Moneyball? If you haven’t seen it, it’s one of those sports movies that every trader should watch. The story covers the Oakland Athletics baseball...
Has this ever happened to you?
You get an exciting trading idea and decide to test it... You work hard, spending hours, days, weeks, months or even years researching, coding, testing, and fine-tuning the idea....
A totally new trading direction
I first heard the phrase “reinvent yourself” a few years ago and I really had no idea what it meant. How can one “reinvent” himself? What does that even mean? Does it mean I need...
You’re very likely smarter than me, yet…
There’s one thing I’m pretty much certain about: Most of you are very likely much smarter than me. Definitely at least in some areas. I realized this already when I used to give live trading masterclasses in the Czech Republic: I could not compete with many people...
Making money in trading is easy and fun, but only if…
Making money in trading is fun and easy. Lots of traders may disagree, but it's true. Allow me to explain: More than a decade ago, I was struggling to be a consistently profitable trader. Of course, I had billions of reasons why this was happening. Things like an...
Tick or time-based charts?
Last week I received a good question from a reader of my personal trading blog SystemsOnTheRoad.com. In this email, a trader Kevin asks which chart is better: Time-based, or tick chart? First, let me share directly, that for most traders this question is not even...
What’s your ‘final exit plan’?
I’m seriously tired. Running a hedge fund is not fun. Not at all. Yes, we do have spectacular results so far. And new money is flowing into our hedge fund every month. Yet, I feel extremely exhausted. Fast growth is bringing up challenges we were not ready for. During...
The surprising reason of financial no-results in trading
I’ll tell you a very surprising, yet very true reason why many people don’t make money in trading. There is a chance this reason applies to you too... But first, let me share something else with you. I’m a complete idiot when it comes to learning languages. And I mean...
Breaking through the fear of going ‘fully in’ with your trading
About 10 years ago I had to face a serious trading challenge. I wasn't able to go ‘full in’ with my trading. And I couldn’t figure out why. I had a good day trading strategy and had been trading it live for a while already. Yet, I was trading it with one contract...
The disappointment of adaptive indicators
Last year I tried my favorite Wonton soup in a Michelin restaurant. And I was utterly disappointed. It was in Kuala Lumpur, in the famous Din Tai Fung restaurant at Bukit Bintang. It is 1 Michelin star restaurant, with many awards and recommendations. (Including the...
A simple hack to ‘super-boost’ trading performance
From my experience, simple hacks don’t work 99% of the time. Yet, the remaining 1% of the time, they can bring some truly remarkable results. And I believe you’ll really like the one I’m going to share with you because it’s easy to implement and the results are...
Student case study (3/3): Improving a trading strategy by +114.40%
Would you like to see a car that can drive, fly and swim? There’s something really cool about crazy ‘3-in-1’ solutions like this… :-) Source: FORBES MAGAZINE JAN 2004 Forbes magazine wrote about such a car in the January 2004 issue. It was a very ambitious project ran...