Posts Tagged ‘strategy’
Automation, OddsMaker, and Expectations: Lessons Learned so Far
We are not only software makers, we are our own Guinea pigs (kinda like those hairclub companies). Fully automated trading recently arrived to the suite of Trade-Ideas tools. We do this by first implementing a strategy created and backtested via The OddsMaker. Then we execute the strategy rolling forward via an API (Application Programming Interface)…
Read MorePoker Odds and Professional Trading
There is no doubt in my mind that the skills to succeed in poker are the same skills to succeed in trading. Unfortunately most people approach trading differently and in a way that opens them up to losses and eventual failure. Is your hand worth playing? In poker understanding the odds of your hand determines…
Read MoreI Bet My Personal Trading Volatility Is Higher Than Yours
Volatility says in a sense, that what moves up also moves down. Here’s how we define it technically as it applies to our real-time statistical analysis: Definition of technical volatility A resourceful trader knows his/her prey and can identify a stock’s natural volatility so that a natural wiggle doesn’t automatically hit a stop order (See…
Read MoreKnow Your Enemy
“Know your enemy. You’re at war. They outgun you. In head-on combat, odds are against you. You must redefine the rules of engagement. Go into the shadows, yours. Never play by their rules, on their battlefield. Fight an asymmetrical war with the insurgent’s tactics. Play your game, by your rules. You must decide. Fight your…
Read More14 Questions and 1 Invite for Automated Trading
More on the Automated Trading Pilot with OptionsXpressTrade-Ideas and OptionsXpress now offer fully automated equities trading to OptionsXpress customers. This offering is part of a pilot program that features the availability of a suite of tools at no cost to participants for the 3-month pilot. Please note: a subscription to Trade-Ideas PRO paid by participants…
Read MoreFind and Adopt Dead Cat and Bow-wow Trading Patterns
If you’re not a regular reader of The Kirk Report, you’re missing market commentary from a trading veteran who’s concise and straightforward about market activity – he’s also got a fun streak of cynicism as it relates to the mainstream financial publications like Barrons et al. I got hooked on Kirk’s site by the lists…
Read MoreAutomation Does Not Equal Profitability – Pt. 1
Automation of the Trade-Ideas set-ups and backtested position management rules within The Odds Maker is in beta now with our key partners. More details like screen shots and how it all works are coming. In a nutshell if you know how to use The Odds Maker, you will know how to use the automation tool…
Read MoreStrategy Examples of 10 Trading Principles
What a prize. I don’t have the occasion to tie in as many revelant, organized links from our content as I do today. Yesterday Dr. Brett Steenbarger of TraderFeed put together a list of 10 Principles of Short-Term Trading. Notice how articulate Dr. Brett is with his plain English description of ideal trading patterns? Quite…
Read More4 Steps to Get the Jargon Out of Your Strategy
We were recently asked by Technical Analysis of Stocks & Commodities magazine (a review of our event-based backtesting tool The Odds Maker appears in the July 2007 issue) what’s the biggest stumbling block faced by new users when trying to work with The Odds Maker. We answer the question below. How Jargon Harms Learning The…
Read MoreWhat to Do When You’re Suspicious of Low Volume Rises in the Market
TraderMike’s commentary on the markets yesterday included this observation, “I’m always suspicious of low volume rises and this time is no different, especially for the S&P 500 which has been making lower highs and lower lows for the last month or so.” I agree. In fact we’ve created a couple of strategies in Trade-Ideas that…
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