Kardec Trader, a top 0.5% CME competitor with 350% returns over nine months, shares three trading rules: build a real edge before worrying about psychology, use volume and order flow instead of price alone, and never cap profits on strong days because most returns come from a handful of big moves.
Second and third place.
More than 350%.
More than a thousand trades.
Top 0.5%.
Gain of 54% with a drawdown of 0.7%.
I got ranked second and third place in the World Scalping Championship with a total performance of more than 350% over nine months and more than a thousand trades. I was also in the top 0.5% in the CME group equity cap where I had a gain of 54% with a drawdown of 0.7%. And here's three things you can steal from my trading approach. First, psychology is overrated. You should develop an edge that even your emotion cannot up. Second, price can lie, volume cannot. With price, you are guessing the interaction between market participants. With volume, you are visualizing it. The informational advantage you get from order flow. It's unfair. Third, don't put a profit cap on your best trading sessions. If your model, for example, is trend following like mine and you have a super trending day, you cannot decide to stop for the day because you had too much profit. Because from statistical analysis of the distribution of my Prof. Profit, I saw that my profit is concentrated in a small number of really good sessions. So when I'm wrong, I either go break even for the day or I lose a small amount of money. But when I'm right, I'm right big time. Follow for more value.
