One trade is all it takes to blow a trading account.
Category: Tips / Psychology / General
trading related writing
Successful traders come in all shapes and sizes…they are of different ages…and they are from all over the world.
The market loves to dish out lessons. Trading growth, essentially, comes down to how long it takes you to learn from those lessons.
In this post I’m quoting from the book, On the Shortness of Life which contains letters from the Stoic philosopher, Seneca.
Just like with any other job, the longer you stay in it, the better you’ll get at it.
Risk management is more than just protecting your capital, it’s also about protecting yourself.
Every time we open our trading platform / app / terminal, many of us expect to find trades… we automatically assume that we will be placing trades.
Sometimes you will find that certain things happen when you are trading that might make you feel that the market is out to get you.
The number going around is that 90% of traders fail. Sometimes it’s hard to believe that the failure rate of traders is so high. This is especially true in the beginning when we tend to be more ignorant and we believe that we are going to be different.
Traders often base their risk only on the trade they’re about to take; they don’t think ahead.