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Posts Tagged Under: trading strategy

How Lack of Trading Discipline is Killing Your Performance and the Steps You Can Take to Improve It

 

This article on Trading Discipline is the opinion of Optimus Futures.

Imagine, if you will, two traders. One trader holds a superior trading strategy and ample capital resources to make it work. But he lacks discipline. The other trader has a mediocre system, fewer capital resources, but superior trading discipline. The non-disciplined trader has everything going for him, except for himself; whereas the disciplined trader has a few things working against him, but his ability to remain disciplined serves as his core strength.

Who might end up becoming the more successful trader? The answer is that it all depends on a few other things: the ability to adapt to situations, the smarts to assess what’s working and what’s not, and the “discipline”

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Three Ways To Determine High Quality Trend Lines

 

Trend lines are among the most commonly used trading tools used by technical futures traders. Whether you run a trading strategy built entirely upon using and trading off of trend lines, or you use them in a limited capacity to determine your entries (or exits), the need to locate the high-quality ones that aid in trade placement or management is a critical skill for a technical trader to master.

The hunt for quality when it comes to trend lines stems from the fact that they can be drawn to connect essentially any two lows or highs on a chart, but may not always be as useful. Let’s look at three ways you can separate a potentially high-quality trend lines drawn on a chart, versus any random trend line connecting multiple highs or lows.

1) Trend Lines Precision

Precision is a key factor when it comes to the strength of a trend line.

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How do successful Futures traders choose trading platforms?

 

trading platforms

When it comes to trading futures, selecting the right trading platform is a critical component to your overall trading strategy. In this article, we go over the features experienced traders look for, discuss the evolution of trading platforms, and how to select the right one to future-proof your trading style in an ever-changing electronic landscape. This article is my opinion. Your experience may be different. Please feel free to share your own trading platform selection process in the comments section below.

Based on my years of observation as a broker, most successful traders utilize approximately 10% – 15% of the features available on any given platform. In fact, I would dare to say that the majority of

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How to Trade With Indicators the Right Way

 

Indicators can be a great addition to your trading methodology. But they can also ruin even the best trading approach if you don’t know how to use and / or combine them with other tools in efficient ways.

In this article, we provide you with a realistic view of trading with indicators, how to choose the right one and which indicator mistakes to avoid.

 

Do you know your edge and trading strategy?

The biggest mistake traders make is that they try to be in the market and find trades all the time. The professionals, on the other hand, know exactly which market circumstances favor their trading approach and then choose their tools accordingly.

If you are a trend-following trader, you should look at momentum indicators and stay away from oscillators. When you are a range trader, on the other hand, momentum indicators won’t improve your trading and you have to pick from oscillators.

Using

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Are you compatible with your trading strategy?

 

Traders don’t usually spend enough time and effort choosing a trading methodology that supports their strengths and circumvents their weaknesses. The “one size fits all” claims such as “trend following is the easiest trading method” or “trading higher time frames are more reliable” don’t always work in trading. The incompatibility of a trader with a predetermined trading method without taking their own personality into consideration can lead to a variety of problems.

 

How carefully did you choose your trading method?

Ask yourself: how did you find your current trading method? Most traders usually either stumble over a trading method, read astonishing claims in trading forums or blindly follow suggestions of random people on social media. Very few will actually take the time and audit themselves to get an idea of what works for them and then choose their trading method accordingly.

Are you patient? Can you focus for a long period of time

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