What Is A Good Exit Worth?
One bad thing trader’s fall into the habit of doing is to try and get every last tick out of a trade. We have all experienced a trade that started off great then turned out to be a looser. Then there is the trade that starts out with a small loss and turns out to [...]
August 8th, 2008The Importance of Losing when Trading
In real estate the three most important things to an investor are location, location, location. In trading the three most important things are: money management, timing your exits and timing your entries; in that order. More important than how much you make on a trade is how little you lose on the losses. When you [...]
April 7th, 2008Dollar Cost Averaging
One thing I see Forex traders do is over trade their account. They may put on a few lots to start with, then they will put a few more lots on hoping that the market will come back for them. They do not even use a stop loss to protect their capital, they just put [...]
March 5th, 2008How Important is an Exit Strategy?
There is a saying: “cut your losses and let your winners run.” I know that is not what some people teach, they say when you get some profit you should bank some of the profit and move your stop loss to a break even. That way you will not take a loss on the trade. [...]
January 7th, 2008How to Hit a Homerun (20 of 26)
By learning how to hit singles you will be able to hit a home run once in a while. I don’t know of any trader who gets into a trade expecting to hit a home run every time. You should never approach a trade with the idea that it’s going to be a huge winner. [...]
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