Daytrading Training Is The Best Ways to Profit

The markets are constantly changing and evolving and never more so than where short term day trading systems are involved. One of the big changes over recent years has been the increase in overnight trading in the indexes. In the old days, most day traders would just ignore the overnight session and concentrate on trading during just the day sessions. Whilst we can still trade very successfully in this manner we would now be missing an opportunity to trade the larger price movements that more recently now take place outside of the normal day sessions. 


These sorts of changes that occur present us with new trading opportunities which when combined with our existing strategies can significantly enhance portfolio performance. For instance one of the keys to trading success is harnessing the power of portfolio diversification.

This means trying to trade systems or markets or timeframes that are uncorrelated to each other or better still negatively correlated to each other. Clearly trading exclusively during the overnight session is likely to provide good non-correlation with systems that are trading exclusively during the day sessions even if they are using broadly speaking the same methods. Consequently, there are now many more “day trading” systems being produced that trade exclusively or at least partly during the overnight session. These may, for instance, look for a particular setup to occur towards the close of the day session and then enter around the close looking to hold overnight and then exit some time prior to the open of the next day session. The same basic trading concepts that we have used for day trading for decades can often be successfully modified and adapted to trade the overnight sessions.

So for instance volatility breakouts still work very well when applied to the 24 hour sessions. Whilst most of the price action does still occur during the day session if we add a few overnight session systems to our portfolio this can greatly, and indeed disproportionately, improve the shape of our equity curve and with it many of the other performance metrics that we monitor and base other decisions upon.

The smoother the equity curve becomes then generally speaking the more aggressively we can apply our position sizing algorithms. By using these more aggressive position sizing algorithms this, in turn, can greatly improve our total profits.

Therefore it is very much the case of whilst at the individual system level adding a few overnight trading systems may not appear to make much difference when they are combined into a portfolio they do significantly improve portfolio performance and then, in turn, we can trade that portfolio much more aggressively which improves our overall total results by orders of magnitude over what we could otherwise have obtained. So in other words quite small changes to the systems that we trade can lead to very large changes in the results that we obtain in the portfolio. Visit our website  to know more https://pro-trader.co.uk

 
Location: International House, 24 Holborn Viaduct, Holborn, London EC1A 2BN, UK

Comments

Post a Comment

Popular posts from this blog

Best Forex Trading Course London | Pro-Trader

Image
One the first Forex trading courses London  that I ever attended was run by one of the famous former turtle traders. A guy called Russell Sands. He was a good teacher and the course was soundly based on a proven methodology. It was based around the methods used by Richard Dennis and Bill Eckhardt to make hundreds of millions of dollars in personal trading profits during the 1980s. They used the methods to trade both the commodities and currency markets. Those Trading strategies worked very well in the currency markets as currencies have a tendency to trend well and the turtle strategies used were so-called “trend following techniques”. These methods rely on the fact that on, albeit relatively rare occasions, markets have a tendency to break into very prolonged and pronounced trends, either upwards or downwards.  If the trader can ensure that they are on the right side of any such trends then they will be richly rewarded. For those of you that are learning to tra...
Read more

Learn Forex Trading - Pro Trader

Image
Learning to trade Forex can be as simple or as difficult as we choose to make it. We at Pro-trader tend to concentrate on using simple time tested time-proven methodologies. It has to be said that many other vendors choose to complicate this process often for no other reason than to try and justify the very high fees that they charge. For instance, many of the online training courses will tell you that they have 80 hours or a hundred hours or 1000 hours of online video instruction. So initially that sounds great but how many of us really want to sit down and wade through hundred hours of video. By the time we’ve got to the end, we have of course forgotten entirely what was covered in the first hour. The key to trading success absolutely is to keep things simple (KISS).  Think about it if the course requires hundreds of hours of video to explain the methods then what chance have you got of understanding it? It is also going to be exceptionally complicated and convoluted to ap...
Read more

5 things you need to know about stock market timing systems

Image
Stock market timing system used to time the stock market by investors to get the best deal by investing. Market timing is a strategy which is in investing or trading through which the people who are planning to participate in the trade know what they are getting into, so that they can predict their next moves, and buy and sell their shares according to the Market Timing strategy. We have curated the 5 important facts that you need to know about the stock market timing system.   Check out these 5 things that you need to know about the stock market timing system .   ●        Timing can turn out to be unsuccessful   There are high chances that a lot of times, market timing can turn out to be unsuccessful even after rigorous research, planning and analysis of the stock market charts. Many a time investors give into a bad market timing due to their anxiety, fear or pressure and end up with catastrophic loss.   ●   ...
Read more