Every single trader has been there… You take a loss that you know should have been a win, and the next thing you know, you have taken three more losing trades in a row. You feel a grudge against the stock, treating it like a person who has just wronged you. At this point, you …
Read moreHow to Overcome The Deadly Trading Sin of Revenge Trading
As a trader, having an effective strategy is not enough; you must also execute that strategy properly. This is trade management 101. The best trading idea in the world won’t make you money if you cannot execute it. To succeed as a trader, you must be proficient in planning AND executing. Here are five actionable …
Read more5 Powerful Trade Management Concepts To Implement Right Now
Wondering what it’s like to day trade for the first time? As a newcomer to this industry, you will have tons of mixed emotions approaching your first day in action. You don’t want to show up to your first day fearful and scared. If you prepare and get educated, you will come in as a …
Keep having big losers wipe out weeks/months worth of gains? Winning trades turning into losers? Putting your stop loss in the wrong places? Risk management is one of the biggest factors that determine your ability to be a profitable trader in the markets. Here are 6 must-watch video lessons to improve risk management for day …
Read moreRisk Management For Day Traders: Rules for Success in Q4 2021
More size means more profits right? Most of the time, this is not the case for new traders. Money creates emotions. If you increase your size too much, it becomes difficult to control and manage your emotions. Emotions will be in your trading no matter what. Succesful trading requires not the elimination of emotions, but …
Buy Virgin Galactic at the open today expecting it would go to the moon? The stock had great news, why did it tank today? The stock market isn’t that simple. Get familiar with this phrase: “Buy the rumor, sell the news”. This is one of the most counterintuitive aspects for new and inexperienced traders. Today’s …