How To Win At Trading
The inspiration for this article came from the famous football coach Vince Lombardi. Put your faith in the basics. You don’t have to have great entries and exits but you do have to have good money management. Good money management will win more often than not and preserve capital. Every trade boils down to doing [...]
October 27th, 2008Staying On the Fresh Trail
I heard a very interesting story this weekend from a very good friend of mine while sitting around a late autumn campfire. He told of a time when he was younger and was on a mountain lion hunt in southern Utah. The group had chased two large cats down into a canyon. From his vantage [...]
October 23rd, 2008Trading With or Without Indicators
Everyone has a preference of how to trade and what works for them. I find it interesting when others say this is the best way or that is by far the only way to trade. I know traders that use only price action to trade with. We all know traders that only use indicators. My [...]
September 23rd, 2008BUSINESS INSURANCE… When Trading?
When you have a typical business you buy all kinds of insurance. Examples might be: 1. Workers compensation 2. Property Insurance 3. General Liability Coverage 4. Business owners policies 5. Vehicle insurance 6. Employment Practice Liability Insurance 7. Business Interruption Insurance 8. Key man Insurance 9. Errors and Omissions Insurance 10. Directors and Officers Liability [...]
September 5th, 2008Another Way To Stay In Control
I once heard a trader say that after he made some money in his account he would take out the original investment. Then he was only playing with money he didn’t originally have making the losses not hurt as much. It became easier to make money because he had taken the pressure off himself. By [...]
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