Be a Trader not a Gambler

Successful traders act more like business people than gamblers. They manage risk, manage inventory, follow trends, look for patterns in their ‘customers ‘ buying and selling, and work for profits not excitement, just like anyone else in any business for profit. There is one huge difference between the winners and the losers in the market. […]

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Rich Trader’s 18 Principles for Trading Success

Here are the 18 principles of successful trading that I have learned from the study of rich traders and my own successful trading in the markets over the past 30+ years. Some of these principles will seem counter intuitive and may leave new traders scratching their heads until they fully understand what they really mean.

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