BPA trading room Q&A: June 1, 2015 Can you comment more about why you were not willing to short during 68 to 74? Video duration: 1min 50sec Video transcript Taking those enticing end of day trades I did end up taking one short. In general, at the end of the day, I don’t like to […]
Ask Al: Time stops — Al’s approach
BPA trading room Q&A: June 1, 2015 I analyzed my trades and found out most of my profits were from trades that took less than 10 minutes to complete. So I’m wondering if a time stop could help me. Do you think time stops are useful in positions — in addition to price actions stops? […]
Ask Al: Swing trading definition and discussion
BPA trading room Q&A: May 29, 2015 Al, can you clarify how you use the term “swing” in the trading room?In your books, I believe that you use the term when discussing trade probability, position size, and profit objective. How should we view your use of the term in the room? Video duration: 3min 30sec […]
Ask Al: Trading 1-point scalps for a living
BPA trading room discussion: July 28, 2015 Given the many questions about 1-point scalping strategies in the trading room, BPA forums, course feedback, and elsewhere, Al took the chance to discuss topic during the daily webinar. A follow up comment two days later is also appended to clarify the 1-point scalp topic with an example […]
Ask Al: Backtesting
BPA trading room Q&A: March 17, 2015 An article said backtesting is the first step to becoming a profitable trader. Do you agree with this and how do you advise a beginning trader to start? Audio duration: 6min 9sec Audio transcript Backtesting is more complex than traders think Every now and then, somebody brings […]
Ask Al: Always In trading and breakout scalps
BPA trading room Q&A: June 17, 2015 As a strict Always In trader, I got chewed up today, should I have assumed that the day was overall Always In Long and just stayed long with the stop below 16 or 22 until it clearly went Always In Short. How does a strict Always In trader […]
Ask Al: Trading Stops in Tight Trading Ranges
BPA trading room Q&A: April 16, 2015 I bought the low of bar 10, going for a two-point scalp. Got stopped out for a six tick loss. Was this a bad trade, since a possible double top? Audio duration: 2min 5sec — Scroll down for image Audio transcript Classic stop placement in tight trading […]
Ask Al: Scaling in, gaps, and stops
BPA trading room Q&A: June 17, 2015 I bought the 36 low going for a two-point scalp, using a five-point stop. Planning to scale in two points lower. I ended up and exited at the 41 close. Can you comment on this and review your trades? Video duration: 5min 48sec Video transcript Trade management: Scaling […]
Ask Al: Going for Points vs Structured Good Trades
BPA trading room Q&A: May 8, 2015 How many points would you say a beginner should shoot for in a day and in a month? On average, how many are you able to make in a month, looking at what is realistic? [Slang info: To “make your nut” is to break even, anything beyond that […]
Ask Al: Paper trading a simulated account
BPA trading room Q&A: May 15, 2015 Al, what do you think about paper trading in a simulated account? Once a trader knows how to use the platform, is it a help or a hindrance to become a profitable trader? I sim trade a lot, and I’m not sure if it has a positive effect. […]