The deep understanding of the 'why'

SI 2018 08 31

We discussed patterns and their discretionary evaluations in yesterday’s workshop at length. Here’s a quote from Dr. Steenbarger that complements our discussion perfectly:

“It is not enough to discover a black box with a positive track record over a given lookback period. One needs to possess a deep understanding of why that pattern is present.” - Dr. Brett Steenbarger. Read the full article in Forbes.

Workshop recording

Here’s the recording of Friday’s workshop.

Remek! Workshop 2018 12 07 - Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle.

GC - looking ahead

You look at the chart. You evaluate probabilities. Then you do the math: what risk can I afford on the account? Can I afford a stop that is big enough to trade the daily chart? Or shall I look at smaller charts, find some good intraday pullbacks or breakouts and trade those with Remek! Momentum, or our renko-based Remek! System, with an intraday stop that my account can afford? Since this GC chart seems to be setting up there’s still a few hours to make a plan. IF …. this happens, THEN …. I do this. ELSE …. I do that. (that ‘that’ often means ‘nothing’). Let us know how you did what you did, and why you did it that way. Mindful trading!