March 20, 2017 Greedy Ram

Many people seem to want to try a career in trading but aren’t sure how to get started. This will be a multi-part post where I’ll go through my trading career and give some advice to people who want to follow suit. The beginning:  Near the end of 2009 I was lucky to find my way into a prop trading firm. This was my first job after graduating university and hopefully my last.  I say this was lucky for a few reasons. I was able to treat this as an extension of school, I hadn’t gotten accustomed to getting a steady paycheque…

March 11, 2017 Greedy Ram 1Comment

This will be the first of a series of articles I plan on writing about cognitive biases and how they affect trading. What is a cognitive bias?  A quick and simple definition is a cognitive bias is an error in thinking that affects the decisions and judgments that people make. There are many different cognitive biases that exist, I’ll be going over one called ‘Outcome bias’ in this article. Outcome bias is basically judging a decision by its outcome rather than how the decision is made or the thought process behind it. So how does this tie into trading? I’ll start…

March 10, 2017 Greedy Ram 1Comment

2016 was a year where I learned a tough lesson in trading. The lesson was how dangerous it is to become complacent. I’ll be honest from 2011 to 2016 90% of my trading income came from two simple strategies that I was able to do day in and day out. These strategies required some simple maintenance and tinkering from time to time but for the most part they were pretty mechanical and easy for me to execute. In 2016 the first of these strategies started dying and then stopped working completely. I believe what I was doing became too wide…

March 8, 2017 Greedy Ram

Here is my 2015 trading year, to me it illustrates one of the hardest and often overlooked aspect to get used to as a trader which is the inconsistency of your income.  I had a month where I made over $28,000 another month where I lost almost $6,000 and a month where I broke virtually even making $388. Trading is not a job where you can expect a (more…)

March 7, 2017 Greedy Ram

Keeping with the idea of transparency for what a day traders results look like month to month here are my 2014 results! I finished the year up $212,001.35! The most important statistics to look at are the Average day, W:L, and % Win and how these interact with each other. See my Basic Trading Math post for more details on this. I also separated the days to see if the day of week made a difference at all to my trading.  This isn’t as important as the other stats but I left the details in.

March 6, 2017 Greedy Ram

I’m going to be adding more of my day trading results and statistics so people can get a better understanding of the swings of a day trader. Here are my 2013 profit and losses month by month!   The most important statistics to look at are the Average day, W:L, and % Win and how these interact with each other. See my Basic Trading Math post for more details on this. I also separated the days to see if the day of week made a difference at all to my trading.  This isn’t as important as the other stats but…

March 1, 2017 Greedy Ram

This is how I set up my computers for day trading. It’s pictured above. I have two computers that each run dual screen monitors. I won’t get into the specs of the computers because basically any computer you can buy in 2017 should be able to run trading software. Nothing I have requires insane amounts of computing power. I’ll make this post short and sweet and just go over what I use. (more…)