Money management

Trading: The Difference Between Playing Offense & Defense

  The sooner traders learn to carefully manage risk, the better off they will be. So many new traders come in with only the thoughts of profits dancing in their heads. This is equivalent to a football team only focusing on scoring points, and not planning their defense. In trading, you must play both sides […]

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10 Things that Great Traders have Declared Independence From

Today, as I look past the fireworks and cook outs and think about what this July 4th holiday in America is really all about: independence for the United States from Great Britain. The colonies sought independence from taxation without representation, independence from a King, and freedom for the states to profit from its own labors

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A Traders 10 Point Checklist for a Losing Trade

          The pain of losing is something that many traders can not bear. When you get into 10 or 15 straight losses then the lack of risk management will knock a trader out of the game. Even if you have risk management in place many times the mental pain and anguish

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The 42 Keys to Market Wizardom

    What if you could read the principles for success for some of the world’s greatest traders? Well you can, here is how author Jack Schwager summed up the the similarities of the ‘Market Wizards’ he spent years interviewing in his second book. The following is an summarized excerpt from Jack D Schwager’s book,

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Market Wizards in a Nutshell

            This book may be one of the greatest trading books ever published. Jack Schwager set about interviewing some of the world’s top traders in 1988 and the principles these traders were kind enough to share has stood the test of time. These were not one year wonders these traders

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