Overtrading – The Deadly Sin
I cannot stress enough how dangerous this is. Most of my losing days come from overtrading.5 Habits You Need to Develop to Have a Successful Trading Career
Top traders are disciplined individuals who have developed habits which support them to become better everyday. As with all endeavors in life your current skills and abilities will start you on the road to success but may not sustain you in the long term.Day Trading – Not a Get Rich Scheme
It is not uncommon go hear day trading referred to a way to get rich quick. Nothing could be farther from the truth. To be a profitable trader takes great training, quality mentoring, and solid experience.
Successful day trading is all about managing risk. If you are trading or considering trading or have traded how much money do you risk? If you base your trades on a feeling or instinct then you are setting yourself up for failure. You need a simple, safe and unemotional method to use that controls your risk and produces results. So how does it work?Do You Trade Your Charts Or Your Trading Account?
It is often difficult to differentiate between great trading and managing your trading account. The fact of the matter is that your trading account should have no effect upon your trading style. I explore some of the phenomena that occur when traders pile up losses in their account, or pile up gains. The results may be surprising.