Bar none, it is the most important thing when it actually comes down to placing and monitoring your trades – the trading platform.
Trading is my job, and I want to be using the best tools available for my specific needs. Having said that, I’ve tried out plenty of trading platforms along the way, and the platform of choice for me is CyberTrader Pro. I’m asked frequently which broker I trade through. Here are a few reasons why I am with CyberTrader:
Compounding money has been called the 8th Wonder of the World. It truly is amazing what can be done when you make regular incremental gains. It is no wonder then that successful active trading should include an understanding of the best ways to size positions properly according to your trading method in order to maximize profitability. I’ve known plenty of brand new investors who had just a small amount of money which they piled into one idea all at once. However, the experienced trader knows better than to do this with his entire trading account, so let’s explore this topic a little further!
I just received the May 2006 issue of Technical Analysis of Stocks & Commodities magazine, and was quite happy to see The Bandit Broadcast stock newsletter topping the list as the #1 Advisory Service!
The list is on page 84 in case you pick up a copy of the magazine, but here’s a picture of the page:
Click the picture for the full-size image. If you want to see what all the buzz is about, stop by the website and sign up for your Free Trial! It’s a no-risk way to peer over our shoulder and see how we trade.
Jeff White
President, The Stock Bandit, Inc.
www.TheStockBandit.com
There are traders and there are investors. To me, the primary difference is the timeframe you operate on.
One of Stephen Covey’s 7 Habits of Highly Successful People is to “begin with the end in mind.” This is a key element of planning a trade (or investment), as only knowing your timeframe will allow you to accurately evaluate your position. Covey goes on to provide some great advice, which can certainly be applied to trading…
“To begin with the end in mind means to start with a clear understanding of your destination. It means to know where you’re going so that you better understand where you are now so that the steps you take are always in the right direction.”
Deciding what kind of trader you should be Read more »
Rarely do they pay off, and yet we’ve all said those 5 costly words……
“just a little more room.”
Whether it’s been on the winning side of trades where I’ve tried to squeeze the last $0.50 out of a stock, or it’s a losing position that has been trying to tell me I’m wrong (those numbers are RED for a reason!), I am guilty!
A trading blog discussing swing trading and day trading concepts and strategies,
along with trading psychology.
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