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All posts by Kevin Davey

Intro To Algo Trading

Algo Trading

In Part 1 of this series, I discussed the different types of trading which includes algorithmic, discretionary, and hybrid trading. Let’s say you are intrigued by algorithmic trading. What is it exactly and what are the advantages and disadvantages of it? I will discuss all these topics in this article.What is An “Algo?”Anytime you trade, […]

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The Different Types of Trading

“Algos” and “algorithms.” These two words strike fear into the hearts of many a trader. Visions of computer programs running wild, buying and selling with reckless abandon, are a common nightmare. A trader goes to sleep flat, and wakes up to find a rogue robot algorithm frittered away his or her account, buying and selling […]

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Are Breakeven Stops Worth The Effort?

One favorite “gotta have” of many traders is a breakeven stop. By not letting a winning trade become a loser, the psychological lure of breakeven stops is strong. This is especially true for discretionary traders, where the winning percentage can play an important mental (not necessarily financial) role.The answer for automated traders may be different, […]

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The Journey

“The journey, Not the destination matters…” ― T.S. EliotYou might be wondering what the Nobel Prize winning poet, T.S. Eliot has to do with trading. No, he did not leave a secret trading manual in his attic for his grandchildren to stumble upon. And I’m guessing he did not even trade – he was too busy […]

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The Tough Truth About Part Time Trading

part time trading

Practically every week, I get an e-mail or two from an aspiring trader. “I want to make some extra money trading”, the story usually goes. Sometimes it is from young adults, already scrambling to get out of the rat race. Other times it is from a retired folk who suddenly realize that money is tight, […]

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“Peel Off” Trading

Many traders have a favorite method for trading, and they rarely deviate from that plan, regardless of what they are trading. One method many people like is what I call the “peel off” method. In its simplest form, the trader starts out with two contracts, exits the first at a small profit (the “peel off”), […]

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Best Day Of The Week To Trade

What is the best day of the week to trade? Actually, this is a tricky question – let me explain…Part of my normal routine is developing new trading strategies. I am always testing new ideas, creating new strategies, and adding the successful ones to my live portfolio. That is what most of my Strategy Factory […]

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The Perils of Buying Trading Systems

Ugh. I’ve done it again. I bought a “can’t miss” trading system I saw on the Internet. What looked so good in the advertisement turned out to look just as bad when I traded it with real money. This seems to happen to me EVERY time I buy a system. Why?Sound familiar? It certainly should, […]

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Trading Multiple Strategies With The Same Instrument – Part 3

In the last two articles (article 1, article 2), I discussed the need for trading multiple strategies with the same instrument in the same account. This type of capability is very important to a trader who wishes to trade a diversified portfolio, while at the same time efficiently managing margin. Unfortunately, with many platforms this capability […]

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Trading Multiple Strategies With The Same Instrument – Part 2

In the previous article, I discussed the need for trading multiple strategies with the same instrument in the same account. This type of capability is very important to a trader who wishes to trade a diversified portfolio, while at the same time efficiently managing margin. Unfortunately, one of the limitations of Tradestation, my trading platform of […]

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