risk 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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The best pieces of trading advice

Here is some great trading advice I have gathered around the web. These were either answers from real traders to the question “What is the best trading advice you ever received?” Or it was advice given be successful traders when asked “What one piece of advice would you give to traders?”  There are some gems

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These Two Things Will Determine a Traders Success in 2012

Surprisingly winning traders success is not based on picking the right stock at the right time. Millionaires were not created from simply having a magic system for trading the markets. What is the secret sauce of long term successful traders? You might be surprised. #1. Having the right mindset to win in trading. (Trading Psychology)

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7 Easy Steps to Blow Up your Trading Account

You better be managing risks on days like today, when the Dow Jones Industrial Average rockets up almost 500 points due to announcements from central banks. Shorts were punished once again, not by the normal market functions of supply and demand or emerging trends, but government interference. Such is life in the markets and trading. 

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