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We first must understand market conditions in order to answer this correctly. Choppy/Volatile Markets In 2018 markets have become choppy. From February - May I have only opened max 6 positions at any one time. Those positions were .5% to 1% risk depending on conviction of each trade. That way if the market reversed quickly,…Read more Position Management
"Success is going from failure to failure with no loss of enthusiasm." ~ Winston Churchill In trading we are going to have losses, it is inevitable. As long as those losses are small, meaning less than 1 percent of your capital per trade, then there is no reason for you to get upset. Sure, no one…Read more Tips for Success!
Well... Unfriend it! Has fear stopped you from making the right trade? Or has it made you get into the wrong trades? Don't worry, your not alone. Have you ever had a setup you liked and wanted to take the trade, but missed it because you came up with a reason not too(most likely due…Read more Is fear your friend?
Below is a short list of the trading books I found useful in developing my process. Click on the image if interested in purchasing these books. 1. How I Made $2,000,000 in the Stock Market - I found this book very informational and entertaining. This is where I first learned about the Darvas box strategy.…Read more My favorite trading books
You've probably heard this line before about letting winners run, but without following this one step its very difficult to succeed in trading. We have to let our trades run as far as possible to catch that nice move that will make up for small losses as long as the overall market health/direction is moving…Read more To be successful, Let your winners run