Trading Lessons I Learned the Hard Way

Learning is Required

  "You adapt, evolve, compete or die." - Paul Tudor Jones Learning to trade is an evolution of trader and system. You have to continually learn and grow as a trader. The markets are dynamic and we must continual learn to refine our system. Our losses must be our lessons, our wins must be our blueprints to future victories. Here are the lessons that I learned … [Read more...]

35 Top Destroyers of Trading Capital

Richard Elzey

  When I asked my Facebook trading group what was the cause of their biggest trading losses, no one had any trouble remembering those painful and valuable lessons. These top 30 insightful answers will benefit new traders and provide a nice reminder for those with more experience. "What was the cause of the biggest draw downs in your trading accounts?" Having no exit … [Read more...]

Turkeys & Risk Management

NicolasTaleb

There is a story in the book Anti-Fragile  of a turkey that is fed for 1,000 days by a butcher, and everyday, confirms to the turkey and the turkey’s economics department and the turkey’s risk management department and the turkey’s analytical department that the butcher loves turkeys, and every day brings more confidence to the statement. So it’s fed for 1,000 days until … [Read more...]

Capital Preservation: 10 Trading Tips

Jason Baker

  As a trader, your #1 goal is to keep your current trading capital safe and secure. Your goal as a a trader is to make money and not lose money. Many new traders lose their trading capital in the first year, but these ten tips will help you keep your capital intact so you can make it grow. Do not start trading until you have fully educated yourself. Trading tuition is … [Read more...]

Starting a Trading Business

Betsy Weber

  If a new trader wants to be a successful, they will need to treat their trading like they would operate a profitable business. Many traders lose a lot of money by approaching trading like it is a hobby. In trading, making money is the goal, and must be kept at the forefront of a trader's mind if they are to be successful. Fun and excitement in trading can be expensive … [Read more...]