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Category Archives: Risk Management
JForex Example: Not letting profit turn to losses with a breakeven stop
While the dual-timeframe trading setup and much of the algorithm in my contest strategy are for competition only (read: not for use with real money) as I’ve warned numerous times, some of the risk management techniques used there are really what I use in real life. This being one of them. There’s a saying in [...]
A scientific method to calculate how much capital do you need to start trading
I typed a rather long reply on the SMB Training blog to the question of how much capital one needs to start trading. So I thought I might as well expand on this frequently asked question for traders visiting here. Here is my process. The first thing to realize is the fact that trading is [...]
How to backup your data on the cloud with ease and for free
Dr. Steenbarger’s recent harddrive failure reminded me about the importance of backing up my data. Everything that I do with trading is on the computer. Consequently, I have many files that are vital to my trading. From web bookmarks to chart templates to source codes, I would have to make a checklist to ensure that [...]
Is a $5000 Questrade TFSA trading account cost effective? – Part 1
I recently talked about the benefits of a Questrade TFSA trading account. In this series of posts, I will take the other side of the debate. That is, to answer this simple question, with a $5,000 initial deposit, is a TFSA trading account a cost effective means to allocate your asset? Part 2 and Part [...]
My name is Paul and I am a full-time engineer, part-time trader. Back in 2000, I deposited my $5000 interest-free student loan with an online broker. Since then, my interest in trading has become an obsession.
JForex Example: Automatic position sizing