Category Archives: Trading Strategy

An illustration of what it means by missing the boat in trading

By Paul | Published: May 10, 2010
As I wrote last Friday, I took a long position in Teck Resources (TCK-B.TO) at $36.03 but got stopped out at breakeven.  In hindsight, the retracement after testing the $37 resistance held the 50% level near the close.  That was a bullish sign that I missed at the time and only realized during my weekend [...]
Posted in Trading Strategy | Tagged TCK | 2 Comments

Ranking investment options for my self-directed RRSP

By Paul | Published: March 29, 2010
If the idea of handing your RRSP contributions over to a sales person (a.k.a. financial advisor) at a bank isn’t appealing to you, then it is time to consider your investment choices.  I am about to contribute for the first time ever into my RRSP this year.  So I performed my due diligence by researching [...]
Posted in Trading Strategy | Tagged Canada, RRSP, tax | 1 Comment

What is your trading process?

By Paul | Published: March 24, 2010
Here is mine in a UML workflow diagram. How does it compare to yours?
Posted in Trading Strategy | Tagged UML, workflow | Leave a comment

On reactive trading and why I don’t make market forecasts anymore

By Paul | Published: February 17, 2010
It seems to me that the popular trading blogs have one thing in common.  They all make some form of forecasts about the market, or even better, calling out to a particular stock or currency pair.  My guess is that there’s a lot more people looking for trading ideas for quick profits than actually interested [...]
Posted in Trading Strategy | Tagged market analysis, reactive trading | Leave a comment

Barred from Trading at Work: A curse or a gift?

By Paul | Published: January 26, 2010
Well, they’ve done it.  The IT guys at my day job have blocked access to streaming market data.  I can’t trade at lunch anymore or even doodle on charts!  Yet, this event merely pushes my agenda forward as I’ve never intended to trade actively at work (i.e. no intention of getting myself fired).  Although I [...]
Posted in Trading Strategy | Tagged paper trade | Leave a comment

How to stockpile a trade position one step at a time

By Paul | Published: January 18, 2010
Arguably the single most important skill a trader needs to master in trading any market is to cut your losses short and let your profits run.  This is simply another saying of managing risks and maximizing opportunities.  However, this is easier said than done.  Ever tried to cut your losses short but only to see [...]
Also posted in Risk Management | Tagged CHF, entry, EUR, FTC | 2 Comments