https://www.peterlbrandt.com/wp-content/uploads/2017/10/Document-Library-.jpg427640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2021-08-01 12:30:092021-08-09 12:30:28“Coulda, woulda, shoulda” – a mindset that is NOT conducive to successful market speculation
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Document-Library-.jpg427640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2018-11-15 16:08:002018-11-15 16:08:00The huge mistake for a discretionary trader is to get lured into trading simply out of the anxiety of missing moves that are taking place.
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Document-Library-.jpg427640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2018-06-09 12:10:572021-01-31 15:15:07Losing a lot to win in the end
Profitable trades are the hardest trades to manage
Trades that are somewhere between break-even and an eventual price target are the hardest trades for me to manage.
I have no trouble exiting a trade that turns quickly into a loss or challenges my entry level a few days after I enter the trade.
I also have no trouble taking profits at the target level I predetermine for a trade.
It is between these two extremes that managing a trade is difficult. There is an old trading adage:
"Cut losses short, let profits run"
Easy to say -- hard to do, especially the "let profits run" part of the adage. In practice letting profits run is one of the most challenging parts of trading. On one hand I want to give a trade ample opportunity to trend toward a profit target. On the other hand I do not enjoy letting a profitable trade return to the starting gate ("Round trippers" is my name for these trades). Finding the balance is the issue.
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Document-Library-.jpg427640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2018-06-06 23:59:182021-01-31 15:15:42It’s harder to manage a profitable trade than a losing trade
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Document-Library-.jpg427640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2018-05-01 16:26:122018-09-11 16:38:09Losing Money Without Losing Your Edge | Mental Game of Trading | Real Vision Series
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Document-Library-.jpg427640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2017-02-01 07:39:362021-01-31 15:16:38Great Traders are Underwater Most of the Time
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Document-Library-.jpg427640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2017-01-29 07:56:392018-01-24 07:58:57Expectations – The Enemy of Traders
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Document-Library-.jpg427640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2017-01-26 07:59:152018-01-31 14:58:46A Review of Bayesian Probability by Michael Lewis
I have a theory about the U.S. stock market (and all other markets). I have no idea if I am right or wrong, but I believe with all my heart I am right.
The theory is that there is only one major fundamental or global macro factor (at the outside, maybe two) that drives a major trend in the U.S. stock market. I call this theory the "Dominant Fundamental Factor."
All the other apparently important fundamental factors just create confusion and market noise.
Read More
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Document-Library-.jpg427640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-04-13 07:46:082019-01-25 07:51:25Explaining the Dominant Fundamental Factor
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Document-Library-.jpg427640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2015-06-10 15:31:532021-01-31 15:19:20Learning From Trades That Do Not Work
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Document-Library-.jpg427640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2015-06-08 10:43:192021-01-31 15:20:03What Trading Over the Course of Five Different Decades has Taught Me About Drawdowns
https://www.peterlbrandt.com/wp-content/uploads/2017/10/Document-Library-.jpg427640Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2015-04-30 15:34:042021-01-31 15:20:34If You Want to Learn How to Win as a Trader, You Must First Learn How to Lose
Destructive habits in chart-based swing trading
/by Peter Brandt“Coulda, woulda, shoulda” – a mindset that is NOT conducive to successful market speculation
/by Peter BrandtPETER BRANDT CFA MAGAZINE interview October 2018
/by Peter BrandtTrading Commentary – 2013 re-lived
/by Peter BrandtDrawdowns
/by Peter BrandtThe huge mistake for a discretionary trader is to get lured into trading simply out of the anxiety of missing moves that are taking place.
/by Peter BrandtLosing a lot to win in the end
/by Peter BrandtIt’s harder to manage a profitable trade than a losing trade
/by Peter BrandtLosing Money Without Losing Your Edge | Mental Game of Trading | Real Vision Series
/by Peter BrandtGreat Traders are Underwater Most of the Time
/by Peter BrandtExpectations – The Enemy of Traders
/by Peter BrandtA Review of Bayesian Probability by Michael Lewis
/by Peter BrandtExplaining the Dominant Fundamental Factor
/by Peter BrandtDominant Fundamental Factor
I have a theory about the U.S. stock market (and all other markets). I have no idea if I am right or wrong, but I believe with all my heart I am right. The theory is that there is only one major fundamental or global macro factor (at the outside, maybe two) that drives a major trend in the U.S. stock market. I call this theory the "Dominant Fundamental Factor." All the other apparently important fundamental factors just create confusion and market noise. Read MoreLearning From Trades That Do Not Work
/by Peter BrandtWhat Trading Over the Course of Five Different Decades has Taught Me About Drawdowns
/by Peter BrandtIf You Want to Learn How to Win as a Trader, You Must First Learn How to Lose
/by Peter BrandtPatience…Discipline…Discipline…Discipline…Discipline…Patience
/by Peter Brandt