Most traders focus on cutting off strings of losses. But, if you apply proper risk management techniques, then strings of losses won’t take you out of the game. A much bigger problem, which many traders overlook, is that missing out on winners can hurt you far worse than losses. Your overall positive [...]
He are three principles that I think are important for success in the markets. They are all related to nature in some way, so I’ve grouped them together.
Key #1: Be Yourself
Summary: Nature (and the markets) punish those who go against the flow. You have to trade in harmony with your personality, [...]
This weekend I wanted to post my thoughts on how PnF charts contributed heavily to my bottom line over the past several sessions. However, after much thought, I realized it only played a minor role.
Like most of you that have been trading for any length of time, you KNOW when a ‘layup’ presents itself. [...]