All Entries Tagged With: "Capital Preservation"
Don’t Let Trading Be Everything
I love trading – it’s such a challenge with multiple rewards. I look forward to it, I think about it alot, and I’m passionate about it so I work quite hard to continually improve at it. But it’s good to constantly remind myself that trading isn’t everything.
Take Time to Rest & Relax
As you well know, trading is very demanding, so for us to show up each day with our full focus, we have to stay rested and avoid burnout.
Pro’s Are Patient
The biggest sign of confidence that you know what you’re doing is having the guts to sit on your hands when you don’t see what you like.
How Traders Get a Raise
The displayed homepage commission price which brokerages show is a number most people will gladly pay, but it doesn’t have to be “the” number. And the more active you are as a trader, the more you should view it as simply a starting point for negotiations.
YOUR Trading Plan, Part 2
By clarifying your basic approach and deciding on a risk amount per trade, you gain direction in your trading and avoid disasters.
Exploit Your Edge
It’s a phrase many of us are familiar with as traders…”exploit your edge.” Sounds kinda like a cross between something illegal and something exciting, right?
Lighten and Tighten
When it comes to trading though, far too many traders think they have to be “all in” or “all out” of their positions. Nonsense! Think outside the box a little.
