10 Key Trading Skills To Become A Successful Trader Technical Analysis Trade Management Risk/Reward Ratio Risk Management Trading Psychology Backtesting Historical Chart Studies Sentiment Analysis Trend Analysis Trading System Development 1. Technical Analysis Technical analysis is the art and science of reading charts to quantify the trend or trading range the price action is in, …
10 Topics to Master To Become a Profitable Trader Read More »
Trading can be a very expensive educational process for professionals from other fields that feel like they are smart enough to beat the markets with no experience. In trading, we are competing against professionals and people that do it for a living have an edge. The only way to make money is to have an …
How To Win The Game Of Trading: 6 Lessons Learned After 30 Years Of Trial And Error Read More »
I got very lucky when I started out trading in the early 1990s as tech stocks stayed in uptrends and continually made new highs in price after each dip. Buying the dip and holding worked repeatedly much like it did in last few years in both stocks and crypto. However, after the dotcom bust of …
I Became a Profitable Trader After Doing These 5 Things Read More »
Here are the big primary five keys to becoming and staying a great trader. These are the most important principles I have learned over 30 years in the financial markets and the 30-year veterans I have studied also almost all touch on these five keys in some way. 1. Consistency of execution. After you have …
5 Keys To Being a Great Trader. Rules of a 30 year Veteran. Read More »
According to many studies by brokers I have seen 90% of traders lose money over the long-term, some brokers say it is higher or lower but the range is typically in that area. There is a popular saying in the trading world that “90% of traders lose 90% of their money in the first 90 …
90% of traders lose money… So how to be in the top 10%? Read More »
Here are five of the most important lessons I learned early on in trading that could help others just getting started or traders that are frustrated not being able to achieve profitability. 1. Trade small when you are starting out. When you are starting out as a new trader: “Trade small because that’s when you are …
5 Things I Wish I Had Known When I Started Trading Read More »
This is a guest post by Cory Mitchell, CMT of tradethatswing.com. Most traders DO lose money. Social media makes it look easier than it is because so many people are posting their winning trades. Availability bias is believing information you see most. Seeing it most doesn’t make it true. Losers just tend to be less public …
Most studies show that 90% of traders and investors don’t make money over the long-term. The majority of traders, even if they get lucky and profitable early just give back those gains over time. Even buy and hold investors can become shaken out of their long-term plans to not sell when a vicious bear market …
How To Win The Game Of Trading: 6 Lessons Learned During 30 Years Of Trial And Error Read More »
By Scott Redler What is your goal as a trader? To make $1,000 a month? $1 million a year? No matter how big your goals are, you have to start by not losing. You have to start by avoiding common mistakes that can take away your money, your confidence, and your pride. So let’s go …
Here are some great trading statistics researched by Rolf of Tradeciety and Austin Silver. Here are 40 statistics and data on traders that you may have never heard about.[1] 80% of all day traders quit within the first two years. Among all day traders, nearly 40% day trade for only one month. Within three years, …
Why New Traders Lose So Much Money: 40 Statistics Read More »
