The number one way new traders fail is by counting the money that could be made on the trade when they should be focusing on how much they could lose on the trade.
To succeed you must be able to accept the risks and apply money management techniques such as stop loss orders, max daily loss limits, and account draw down rules.
We’ve all heard the saying…
“The trend is your friend until the end”
In this post I outline techniques for identifying the trend, getting in, and staying in until it fails.
As a trader, I’m sure you’ve been pressed with the question, what value do you add to society?
Over the years I have heard arguments for both sides ranging from “a trader provides liquidity, they transferring risk from farmers, to trading is a zero sum game.”
The trick to a designing a top notch trading office is creating a million dollar atmosphere, here’s how you can do just that!
Plus I share with you what my trading office looks like.
