All Entries in the "Trade Management" Category
I Don’t Care How Fresh Your Fundies Are
I’m a trader, so what I care about is catching short-term moves in price. The health of a business doesn’t matter to me. It’s unlikely to change during the course of a trade that lasts anywhere from a few hours up to a couple of weeks.
Trading Timeframe Influences Position Size
While some traders prefer a standard lot size, in this video I’ll discuss the notion that your timeframe for the trade should influence your position size.
Viewing a Loss as a Courtesy
Look at each position as an employee. Poor performance is grounds for dismissal. Take the attitude of “thanks for letting me know you aren’t going to work so I can move on to the next candidate.”
Trading Roadblocks
Sometimes we just get so fixated on the here-and-now pattern that we fail to recognize what might lie beyond.
Don’t Discount Daily Charts When Day Trading
Day traders often forget the value that the daily chart can bring. The conclusion is that it’s only suitable for swing trading or position trading, but the truth is that the daily chart can offer some good signals for entry and exit as levels are cleared or reached.
Weighing Risk & Reward on Day Trades
A trader on the email list received a recent video I sent out on stops, and came back with these questions:
