January 9th, 2009

Know When to Hold ‘em Know When to Fold ‘em (22 of 26)

We hear all the time that a trade should be scaled out of by one half when you reach a profit target then set your stop loss to break even on the remaining portion of the trade and let it run to see if it will make more money.  By scaling out of a trade [...]

November 26th, 2008

4 of 10: NO-RISK Control

Awareness # 3- NO-RISK Control Examples of no risk control are: jumping out of an airplane at 10,000 feet without a parachute, going scuba diving without air in your tanks, or going bungee jumping with out a bungee cord.  Trading with out any risk control will have the same disastrous out come.  To have a [...]