After a series of trades (more than 30 trades), if you� are having winning rate greater that 80%,� maybe it is time to look into your exit/profit taking strategy.
Capital preservation is important. Risk management is important. But the trader’s job is to risk and make money, not sitting in the office to preserve capital. When it is time to trade, just trade. Capital is a tool for you to use to make more money, not for you to preserve. If you want to […]
Looking out the window, you see it is raining. Put your hand out of the window, you know it is raining. And yet, you still feel the need to view the website or call Bureau of Meteorology to confirm if it is really raining. Some traders trade in this way. Is the the […]
A busy Monday, at the non-trading side, a tired Tuesday, and not so impressive Wednesday this sum up half of my week. I am not writing this post to tell you how were my days going, I don’t see a point of doing so. I have passed that stage. Anyway, here is my infamous coffee […]
I was in a trading chat room. Most of the participants were waiting for trading call from a signal provider. While I don’t trade on these calls, it is really interesting to see how new or struggling traders or so-called busy trader-wanna-be waiting for calls desperately. Well, it is absolutely OK with subscribing to trading […]