SPDR S&P 500 (SPY)

[DowDeva]

No, my pleasure. I wrote about them in this post (link at bottom of current post).

The website is hftalert.com.

I am warning you in advance, it's like boot camp for traders. They don't mess around and they're very strict. It helped me tremendously in my trading as I tend to be a very emotional trader, not very disciplined. I mention this because you might find it constraining.

What was also important was, for the first time in my life I really understood the concept of position sizing. I mean, this was after trading a very long time! BTW, young Robbin, NN is using position sizing too, although he doesn't mention it...

Everyone talks about how important is position sizing, but no one really explains how to do it in detail, especially with day trading. There, I watched some one (his name is Xavier) who used to own a hedge fund, trade in real time over a week and it was one of the best tutorials I ever had in that subject. Several times he turned a losing trade into a winning one with position management, and other losing trades he got a break even - and many others were wins from the get go.

Good luck to you whatever your decision.

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