A risk management process for a trading system is not just math but also includes human psychology. The psychology of execution is just as important to profitability as the trading dynamics of the entries and exits of a trading method. Humans have fear, greed, and egos and these elements can interfere with the process of […]
The Psychology of Risk For Traders Read More »
There are three sides of risk management that are crucial to understanding before you trade. The odds you will have a losing trade. The average size of the loss you will experience. The odds you will blow up your account. The odds you will have a losing trade is your percent of losers. Whether projected
The Three Sides of Risk Management Read More »
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
Trading: The Difference Between Playing Offense & Defense Read More »
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)
These Two Things Will Determine a Traders Success in 2012 Read More »