Daily Self-Analysis as a Trader Daily Self-Analysis. Successful trading is 40% risk control and 60% self-control. In turn, the risk control portion is one half money management and one half market analysis? Thus, market analysis is only about 20% of successful trading. Yet mosttraders emphasize market analysis while avoiding self-control and de-emphasizing risk control. To become successful, traders need to invert […]
Continue ReadingDay Trading the Open Learn to Trade the Open and Short-term trading assumes buying and selling stocks often. After two to four months a trader will have good statistics and he or she can start an analysis of trading results. What are the main questions, which should be answered from this analysis? Learn to Trade […]
Continue ReadingProprietary trading firms leverage. As traders have had some experience trading a retail account like Etrade, Ameritrade etc. But the retail fee structures and platforms may not be conducive to high volume trading. A proprietary trading firms leverage, platform and support system provides the infrastructure for a trader to make the transition to trading for […]
Continue ReadingIs it possible you secretly want to lose? Self-destructive behavior can easily manifest itself in the markets, particularly among day traders. When the price is dancing around in front of your eyes, it can take a grip of you. You can start to feel like it’s playing with you. This is why you have to […]
Continue Reading
Successful traders understand the importance of taking losses by minimizing them. When a trade doesn’t follow through, I exit my position with as little damage as possible. No ego here. Wrong is wrong! No trader makes money all the time, and the best traders in the world are successful because they know the importance of accepting […]
Continue Reading