Year: 2014

Traders should never underestimate the role that stress plays in their trading. Many more will succeed or fail based on their ability to handle stress than will have their winning and losing determined by a robust method, mentor, or risk management. It is even possible for a trader to win consistently and still not be … Read more How to Manage Trading Stress

A Trader’s 10 Best Friends Studying the markets to understand what works. #Study You are comfortable with uncertainty. Being optimistic about winning in the long term. #Winning You manage risk very carefully on each trade. #RiskofRuin Thinking in probabilities and asymmetrical trades. #RiskReward Following your trading plan. #Discipline Accepting losses. #StopLoss Letting winners run. #TrendFollowing A plan on exactly how … Read more 10 Friends & 10 Enemies of Traders

Risk is a very negative word for many, but as a trader you have to face financial risk (even ruin for some kamikaze traders) every day. But to make a living trading stocks you have to face risk in a bold way. IMO, the greatest opportunity for success goes to those who are not afraid … Read more Thought on Risk

1.  We admit that we were powerless over our emotions-that our trading had become unmanageable. 2.  We came to believe that principles greater than ourselves could restore our sanity and profitability. 3.  Made a decision to turn our will and our lives inside the charts over to certain principles as we understood them. 4.  Made … Read more Steps Every Trader Should Take to be profitable

Traders, People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth. – – Jesse Livermore Taking Risks in Stride  All traders must face risk. No trader is immune. Whether you’re a novice trader with a small account or a hedge fund manager trading … Read more Taking Risks in Stride

We urge you to use this checklist for your own trading and investing preparation.  We truly feel that these traits are very important for you to understand.  These trader traits coupled with the proper psychology can make a huge positive difference in your overall trading performance. •  The ability to act on your decisions. •  … Read more Traits of a Successful Trader

Here are paradoxes that I have learned on my own path to consistent profitable trading.   The less I trade the more money I make. My number one job as a trader is to manage risks not make money. The best traders in history were the best risk managers not the best at entries and … Read more Trading Paradoxes

The market often rewards bad behavior. You exit a stock because your stop is hit. You are okay with this because you followed your plan. The market then immediately reverses. You begin to think, “If only I stayed with the position.” The next time the market goes against you, you decide you are not going … Read more The market often rewards bad behavior