Trading when the odds are in your favor is trend following. Trading with the odds against you is gambling. Many of the same people that think trading is gambling or that the options, futures, and stock market are too risky are the same that will not hesitate to buy a Powerball ticket, scratch of f […]
How to Trade With the Odds In Your Favor Read More »
I began building up my capital in 1992 and started as simply a buy and hold investor. I have evolved over the years into a swing trader and trend trader and also used options. It has been a great run. After the volatility and crashes of 1998 I really stopped investing and started ‘trading’ in
20 Trading Lessons in 20 Years Read More »
Here are ten things I believe are needed to be a great trader. It will surprise some that predicting, having conviction, reading a balance sheet, or stock picking is not on here. Over the long term the trading game is won through proper risk management, mental discipline, and the ability to create and follow a
Ten Ingredients That Make Great Traders Read More »
This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. It has been a while since I last posted. I have been doing some soul searching, exploring previous trades that went wrong and how I could have improved the accuracy of my entries and exits. The
How Does A Trader Grow? Read More »
Trading is a numbers game more than anything. Here are seven crucial numbers and statistics that a serious trader needs to set expectations around and know. Some can be found through historical backtesting, some can be controlled, others give the trader a target to aim for. Once a trader understands these numbers and does the
7 Trading System Numbers To Know Read More »
Trading with no stop losses. You can’t control your profits but you can control and limit your losses with a planned exit. Not having an exit plan can be very expensive when a trend starts against your position and you start hoping instead of just cutting your losses and moving on. Your opinion can
7 Expensive Bad Habits of New Traders Read More »
Profitable Trading Explained If you have a winning system with the right risk management you can still fail to be profitable if you do not have the right trading psychology to trade it with discipline. If you have a winning system with the right trading psychology you can still fail to be profitable by blowing
Profitable Trading Explained Read More »
This is a guest post from the website professionaltradingsystems.com. In this article I would like to touch upon a very often neglected topic: trading costs. Many of us – traders – for some reason are not cautious enough regarding the matter and there are many examples of failed live trading results because of incorrect trading
How Trading Costs Affect Short Term Trading Read More »
The following is a guest post by Miad Kasravi and was originally posted here at speculatorstrading.com. Trading is a tough business, why not have the Universe rush to our aid and get those profit targets hit faster and more frequently? Even better, can we use the power of this energy to make money all the
The Law of Attraction in Trading Read More »
This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. So, why could weaknesses improve your performance? The Fable Have you ever heard of a fable called The Tortoise and the Hare? How many of you have thought about the possibility of winning
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