Weekly Lesson

[WEEKLY LESSON] Using “Conviction” to Determine Position Sizes

[WEEKLY LESSON] Using “Conviction” to Determine Position Sizes

Traders often get caught up in the “all or none” mentality, assuming every trading decision comes down to either “Option A” or “Option B.” Do I enter a position? Yes No Should I sell now? Yes No In reality, trading decisions aren't this black and white. This reminds...

[WEEKLY LESSON] Why Timing is the Most Important Factor in Trading

[WEEKLY LESSON] Why Timing is the Most Important Factor in Trading

Day trading is a game of prediction, and like anything involving prediction, timing matters. Timing is one of the main factors that separates a good trade from a bad trade. Furthermore, timing will determine the profitability of your hypothesis. You can be “right” and...