“The elements of good trading are: 1. Cutting losses, 2. Cutting losses, and 3. Cutting losses. If you can follow these three rules, you may have a chance” -Ed Seykota If a new trader comes into the markets with dollar signs in their eyes with nothing but excitement for how much they can make and […]

Each successful trader has their own traits that enable them to make money in the markets, but every trader also has their own weaknesses and demons that they must battle and keep in check. Some rich traders were born to trade, they have about as much emotional attachment to a big position size as normal

Successful traders have to be very rigid and stubborn in some areas and yet flexible and quick to admit when they are wrong in other areas. Knowing when to be open minded and when to be stubborn is half the battle. Traders should have a very flexible mindset about which way a trade can go

Once you have had success in the markets with trading it is hard to give up and go back to your life before. The first time you make your weeks pay in one hour with your trading account it is hard to go back to your day job. Whether you trade part time or full

This blog post came from a discussion in my facebook trading group. It was originally shared by Vivek Ravindra Hardikar. He read this story in the starting part of a fine book on Pair Trading written by Ganapathy Vidyamurthy.Great Story, Great Book.. Here is the Story from that book..  ****Once upon a time, there were

  Guest post by GG Finances This year American’s New Year gift will be delivered directly from Democrats, and basically on behalf of Obama, who planned the cuts in the budget spending and increase in payroll taxes. In other words, economists and investors are forecasting the so-called ‘Fiscal Cliff’, which is anticipated as en expression