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Fixed Ratio Position Sizing

Just a note about the fixed ratio position sizing method shared by Ryan Jones in his book The Trading Game. This mainly applies to trading futures. Essentially, you add one contract once EACH of the existing contracts have brought in a certain amount of profit. The amount of profit required is called “delta”. This method ignores … Continue reading

Book Review of The Prop Trader’s Chronicles by Francis James Chan

The full title of this book is “The Prop Trader’s Chronicles: Short-Term Proprietary Trading Strategies for Both Bull and Bear Markets” by Francis James Chan. In this book, Chan narrates his story of how he first got started at Swift Trade Securities at Toronto, learnt the art of high volume scalping of U.S. stocks (with … Continue reading

Book Review of Mastering Trading Stress by Ari Kiev

The full title of this book is “Mastering Trading Stress: Strategies for Maximizing Performance” by Ari Kiev. Ari Kiev was a very famous psychiatrist that worked with traders at SAC Capital. A large chunk of the book is in the form of transcripts of interviews conducted by Ari Kiev with traders mostly I presume from SAC … Continue reading

Irrational Trade Actions and Psychological Pitfalls in Trading

I wanted to review the mistakes that I have been making in my intraday futures trading. The difficulty for me in intraday futures trading is not in reading the market action, but in not succumbing to taking irrational trade actions due to emotional impulses generated while watching every tick of the action. I think it … Continue reading

Book Review of Essentials of Trading by Larry Pesavento

The full title of this book is Essentials of Trading: It’s Not WHAT You Think It’s HOW You Think by Larry Pesavento with Leslie Jouflas. This book is a compilation of 110 short articles written by Larry Pesavento and Leslie Jouflas, most of which are written by Larry. As each article is usually around 2-3 … Continue reading

Book Review of The Very Latest E-Mini Trading by Michael Gutmann

The full title of this book is “The VERY Latest E-mini Trading: Using Market Anticipation to Trade Electronic Futures” by Michael J. Gutmann (Former Intel Engineer), published in 2009. This book is one-of-a-kind. This is the first book that I’ve read that actually goes into a lot of details as to the setups, tools used, … Continue reading

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