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We're half way through this month Trader Contest and I was quite surprised to check out my trading performance that shows me that I've been trading EUR/AUD 60% out of all my trades (see Figure 1). The reason why I've been trading this pair was because I was expecting to see a breakout to the upside as I was expecting further AUD weakening. We where in a range so I keep scaling back my position as soon as the market retreated back. Although I was expecting further AUD weakening this doesn't m…
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Dr. Brett Steenbarger - Improving Trading Performance
It's again that time when a new month has started and a new Trader Contest has begin. And you'll see the same pattern repeating over and over again where the majority of traders rush in with over-trading just to grab that spot number 1 from the first day, but as you can see from each month usually the ranks keep changing and those who where in top 10 by the first week usually by the end of the month you can't find them anymore in top rank.
There are many characteristics and skills required b…
There are many characteristics and skills required b…