Trading Stocks & Personal Development: Making the Complex Simple.
You may have just crushed it with your biggest winning trade of the year, but you still do not know how to trade.That rush your feeling means it was a bad trade. Good trades are not exciting. If this trade was your biggest win of the year, you probably committed a cardinal trading sin.A few... Continue Reading →
This is what holds many traders back.The small wins.Yet we love to take those small wins, and avoid small meaningless losses like the plague.We are afraid of losses. It doesn't matter it it is big or small, that L is scary.It's all about the fear of the loss.Here is the rub: the fear of the... Continue Reading →
At the first sign of a market sell off or correction, my eyes leave my well developed focus list and turn to the CBOE Volatility Index, otherwise known as VIX. During market selloffs, it is crucial that you learn how to trade VIX.Why do I love trading the VIX during sharp selloffs and corrections? Please... Continue Reading →
We have been talking a lot about risk management and how it relates to being a successful trader. In fact, three of the first five trading quotes in the 100 trading quotes series related to risk management. This should clue you in on how important I believe risk management is to winning as a trader.My... Continue Reading →
The greatest boxer of our time can't punch worth a lick. So why is Floyd Mayweather one of the greatest boxers of all time? It is because he is a defensive prodigy. He protects himself. The man is a risk management wizard.Even the most aggressive leaders understand that you can not go haphazardly into battle... Continue Reading →
The first quote in the "100 trading quotes to put into action and change your life series" speaks to a specific trader type. When thinking about risk, we often think of the trader who is impulsive, trigger happy and position sizes much too aggressively. However, there is another type of risk of which former Indian... Continue Reading →
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 was starting out as a... Continue Reading →
I became a successful stock trader once I focused on managing risk instead of a stock picking. Risk management is the golden rule of stock trading. As George Soros said, "It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you're wrong." I... Continue Reading →
