The Voodoo Trading Post - March 7, 2022

The Voodoo Trading Post - March 7, 2022

Here's our weekly snapshot of information that we hope will help in your journey as a systematic, rules-based, trader!

Trading Quote 

"If you don't respect risk eventually they will carry you out." - Larry Hite

Trading Strategy Tips

  • If you are in a prolonged drawdown you should consider reducing position sizes to make it psychologically easier to continue taking all the signals generated by your trading strategy. 
  • To be a successful trader you need to turn off all the noise (ie CNBC) as it will pull you in too many different directions and make it harder to trust your strategy.

For more Trading strategy tips be sure to review our tutorial on Building a Systematic Trading Strategy.

Weekly Instagram Trading Poll 

Do you keep a Trading Journal to document all your trades.....

Yes - 56%

No - 43%

A Trading Journal is an indispensable tool if you're serious about treating your trading as a business rather than a hobby.  The Voodoo Trading Journal provides you with a daily routine so you can systematically execute your trading strategy and a monthly summary so you can document and learn from your past trades.

Trending Markets

What's on your watchlist?  These are the strongest trending markets over the past month........

Recommended Trading Books

Most traders are not successful because they don't stay objectively focused or they lack the necessary confidence to execute their trades properly.  Trading in The Zone teaches traders to think in terms of probabilities and that they should tune out the market noise and focus on consistently executing their trading strategy.

Trading Humour

Please let me know what you think. What did you find most useful?  What would you want more or less of? If you find this information useful please share with fellow traders.

Trade smarter, trade better!




Excellent Product...Sequencing your thinking

"Excellent. I found the best features were a reminder to think globally. Start with the big picture. ( the overall markets) Search for sector strength. Look for the strongest stocks within a strong sector . Watch for volume and price characteristics ( Volume contraction patterns and stage 2 breakouts at a pivot point) Document your trades and see how your risk and reward results play out for you. Cut losses at 8% or if below the 50 d MA. Rinse and repeat." - Charles V.
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