Trading in the Moment

Jul 31, 2006 at 12:59 AM

Updated on Mar 25, 2019 at 5:32 PM

Sometimes the best market opportunities are the ones you least expected. Trading is a business that requires complete objectivity and the ability to change ones bias in the blink of an eye. In this lesson Bo Yoder describes just such a scenario that appeared recently in the stock of IBM. (NYSE:IBM).

Click here to view the video (will appear in new window).

Bo Yoder

Website

Bo Yoder is an internationally known trading instructor and the lead trader and instructor for RealityTrader.com, an online educational forum on trading principles, methods, and techniques. A frequent contributor to "Technical Analysis of Stocks and Commodities, "Active Trader, and other industry publications, Yoder also writes for popular websites including TheStreet.com and RealMoney.com. He has worked with hundreds of individual traders and market professionals as a risk management consultant and trading mentor.

Bo Yoder

Bo Yoder is an internationally known trading instructor and the lead trader and instructor for RealityTrader.com, an online educational forum on tradi...

View thread (6 replies)

mccluret

Newbie

1 0

Aug 22, 2011

Expectancy

Sorry, how is the expectancy calculated?

Cashanova

Newbie

6 0

Dec 12, 2011

I would've rated it with a 10, but...

The numbers in the article don't exactly match the provided spreadsheet, but overall this article learned me some valuable lessons and therefore I am very grateful.

akratic

Newbie

2 0

Nov 11, 2012

Eye opening stuff. Thanks. PS.Can you please fix the link to the spreadsheet.

NVP

Legendary member

37,622 2,032

Jan 14, 2013

overall a good piece of writing

this is a useful intro to people discussing general Trading principles and Probablilities but I would urge people to build on this and read extensively as almost every point made here can be refuted if someone wishes

for example

The setting of a Target goal for each sucessful trade is heresy for true trend followers

Trading outcomes are nothing like rolling a dice - (unfixed) Dice have a discrete variable/outcome (unlike a trade signal)

Backtesting is more of a poison than a cure in my opinion, although the piece does empasise the dangers

but overall - yes if more traders played the game using probability and stopped using their gut feel so much more money would be made by them in the long term

NVP