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Psychology
of Trading
Perfectionism, Gambling,
Unnecessary losses, Not being able to pull the trigger….
These are just some of the
issues that traders contend with in the markets day in and day out. What
causes us to think this way and how can we learn to become better and
more profitable traders? ….read
more
System
Development
Everyone is looking for the
holy-grail in the markets. How do you find the ideal trading system, the
stock that is going to take off or that one big winner with your name on
it?
There are hundreds, if not
thousands, of trading systems that work.
But most people, after purchasing such a system, will not follow
the system or trade it exactly as it was intended.
Why not? …read
more
Risk
and R-Multiples
Risk to most people seems to be
an indefinable fear-based term – it is often equated with the
probability of losing, or others might think being involved in futures
or options is “risky.” Van’s definition is quite different to what
many people think …read
more
Money
Management / Position
Sizing
Position
sizing is the part of your trading system that tells you “how much.”
How many shares or contracts should you take per trade? Poor
position sizing is the reason behind almost every instance of account
blowouts…read
more
Expectancy
One of the real secrets of
trading success is to think in terms of risk-to-reward ratios every time
you take a trade. Ask
yourself, before you take a trade, “What’s the risk on this trade?
And is the potential reward worth the potential risk?”
What can I expect my trading system to do for me in the long
term? ….read
more
Business
Planning
The market does not owe you or
anyone great riches. The market does, however, occasionally tease
a large number of people with seemingly easy gains (during bubbles and
other manias) only to take them away again. If you are serious about
being a good trader, then you need to approach the practice of trading
with the same level of rigor with which you would approach any high
level endeavor …read
more
Where
Do I Start?
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