Author Archives: Schmitt Trading Ltd

Algorithmic trading is a method of executing a large order (too large to fill all at once) using automated pre-programmed trading instructions accounting for variables such as time, price, and volume[1] to send small slices of the order (child orders) out to the market over time. They were developed so that traders do not needContinue reading “Algorithmic trading”

All stock exchanges have specified trading hours. The following is a list of opening and closing times for stock and futures exchanges worldwide. It includes a partial list of stock exchanges and the corresponding times the exchange opens and closes, along with the time zone within which the exchange is located. Markets are open MondayContinue reading “Trading hours”

Whether you are new to trading Forex or an old hand at the currency markets, you are likely to share one key aspiration: How do I become more successful at trading in 2018? One way to improve is to learn by example and to look at some of the most successful Forex traders in theContinue reading “Top three most successful Forex traders ever”

As I explained in my last post, the cash index pays dividends if held overnight and the future does not cost anything overnight. As usual, I started the trade slowly built it up with the time Time Symbol Type Direction Volume Price Profit 2017.12.14 16:21:18 UsaIndDec17 sell in 0.10 24630 0.00 2017.12.14 16:23:04 UsaIndDec17 sellContinue reading “Short trade in the Dow Jones Industrial future”

As explained in my previous post, I only trade the Dow Jones Industrial index. As a CFD trader, I can trade the Dow Jones future or the Dow Jones cash index. The abbrevation for the Dow Jones cash index is UsaInd with my broker: Time Symbol Type Direction Volume Price Swap Profit Comment 2017.12.07 15:12:27Continue reading “Long Trade in the Dow Jones Industrial cash index”

As I already explained in my last post, I trade a mixture of different trading styles. I look at the chart and mark the Alltime High, Daily High, Daily Low, Open Level and US Open Level. I mostly have an opinion of what I think the market will do. Mostly, I was wrong so IContinue reading “Trading the Dow Jones Industrial Index”

Lot What it is: A lot is a securities trade for a “standard” number of trading units. In stock trading, a lot is 100 shares (also called a “round lot”). However, inactive stocks generally trade in 10-share lots. How it works (Example): Lots are the standard trading amount, and thus they usually incur the mostContinue reading “Trading terminology: Lots”

Contrarian Investing is an investment strategy that is characterized by purchasing and selling in contrast to the prevailing sentiment of the time.[1] A contrarian believes that certain crowd behavior among investors can lead to exploitable mispricings in securities markets. For example, widespread pessimism about a stock can drive a price so low that it overstatesContinue reading “Contrarian Investing”

Trend following is an investment strategy based on the technical analysis of market prices, rather than on the fundamental strengths of the companies. In financial markets, traders and investors using a trend following strategy believe that prices tend to move upwards or downwards over time. They try to take advantage of these market trends byContinue reading “Trend following”

I would describe myself as a daytrader with a mix of trend following and contrarian investing strategy. I cannot image longtime investing or swing trading strategies because if I am wrong, the error may eventually show up after days or even weeks of waiting for the right movement. This is why I am trading onContinue reading “Personal trading style”