The blog
Method, measurement, discipline
What you need to understand to hold a trading plan: reading a backtest without fooling yourself, sizing a position, deciding on an exit before you enter.
The exit plan is worth more than a good entry
Everyone hunts for the right entry point. Yet it is the exit that decides the result, and it is the only one of the two you can write down in advance.
How to read a backtest without fooling yourself
A flattering backtest is easy to produce. Here are the four questions to ask it before putting a euro on the strategy it describes.
Size a position by its risk, not by the amount invested
"I put €2,000 into that stock" says nothing useful. The question that matters is: how much do you lose if you are wrong?
Trailing stops: what they protect, what they cost
Moving your stop up behind the price looks free. It is not, and knowing what you pay is what lets you pick the right setting.
What a daily stock scan can do, and what it cannot
A scanner does not find the right stocks. It reduces a universe of several thousand names to a list you can actually go through.