One of the hardest things to teach about trading, I have found (anecdotally), is the idea that you can be wrong, that it’s perfectly okay to be wrong, and that a controlled trading loss is actually a good thing. But, why is that, why do people fear trading losses so much, why do they have trouble
If I have positions going against me, I get right out; if they are going for me, I keep them. Risk control is the most important thing in trading. This quote by Paul Tudor Jones emphasizes the importance of risk management in trading. His approach to risk management is grounded in the idea that losses
If you’ve seen the movie The Matrix, you are undoubtedly familiar with an iconic scene showing Neo and Morpheus going hand to hand. At one point, we see a shot of Neo taking a big hit from Morpheus which causes him to fall to the ground. They then exchange the following dialogue: Morpheus:“How did I beat you?” Neo:
Guest post by Traderlion.com Your brain commands your entire trading process. Whether you are a novice or an expert, you’ll want to learn how to most effectively use it. It is the awareness and applications of the brain that differentiates the novice trader from the expert. To understand how experienced traders can limit their losses and quickly
Start the new year right with this ultimate guide on how to be the best trader you can be and achieve your goals in the market. Another year down! And it’s that time again when you’re probably thinking of these new steps and habits that you’re going to do to level up your trading this year,
As a trader, if you are consistent, rational, and you generally do things well, you’ll inevitably get lucky and make a lot of money. But every once in a while, the market will throw a wild card at you, and which could result in you losing more than you had previously anticipated. It’s all part of the