Losing Is Part Of Trading
As a trader we need to accept the fact that we will lose some of the time. If you understand this, then you must have measures in place to protect yourself from the losses when they come. We can’t avoid all losses, but we can manage our risk. The first thing you need to do [...]
September 4th, 2008You Win Some And You Lose Some
You will win some and you will lose some it’s a fact of life for traders: There are several things that contribute to you winning more than you lose. The most important would be knowledge of the market and being able to control your emotions. The market goes up and down because of human fear [...]
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 [...]
August 7th, 2008Reasons To Enter And Reasons To Exit Trades
We all have reason why we enter and exit trades. But what if the market has changed and the reasons are no longer valid as to why we entered a trade. The best line of thinking we have found is: once the reasons have changed as to why you got into a trade it is [...]
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