Category: position size
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The $10,000 question: Why traders are hypocrites about trading goals and blow up their accounts
Most traders blow up their initial trading stake. Destroying that first trading account is a right of passage that every successful trader goes through, but few admit to doing. I don’t mind that it happened to me. I embrace it, I wear it on my sleeve. In fact, when I…
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Trade: SRS
I took a small “probing” position in SRS (ultrashort real estate) today at $61.55. As noted in a previous post, the bottom of price support is in the $50 range, thus the small position size. Note the extremely oversold the stochastic indicator.