Here are my top picks for the best books on risk management for traders. These books cover the importance of…

A calculated risk is taken when the probability and size of potential success is estimated along with the magnitude of…

A trailing stop loss is a risk management tool for locking in profits on a winning trade. While a trade…

What does “Memento Mori” mean? It is Latin for ‘remember that you must die’ [one day]. The most successful generals…

A stop loss is set after a trade entry at the price level on a chart where a trader will…

The idiosyncratic definition means to relate to idiosyncrasy; peculiar or individual. It is a distinctive or peculiar feature or characteristic…

The risk of ruin formula shows the probability a trader could lose enough of their trading capital that the return…

What is a good stop loss percentage? The answer to this question depends on a lot of the variables of…

There is a common saying on Wall Street “Let winners run and cut losers short.” This quote tries to express…

One of the biggest errors that new traders make is trading too big. If you trade too large of a…