By Ray Barros. It is my belief that successful trading is a function of: – A written trading plan with an edge – Effective Money Management and – Winning Psychology In this essay I shall: 1. Identify the essential element of winning psychology. 2. Identify the personal attributes required. 3. […]
Read More
Trading systems or strategies use a predefined set of trading rules to generate objective buy and sell signals. While the variety of trading systems is almost limitless, most profitable trading systems have certain elements in common. Whether you build your own strategy or purchase one, trading a strategy with these […]
Read More
If you want to be a successful trader, you must make sure you do not deny reality in any phase of your trading. You cannot deny losses, price direction, mistakes you make, being undercapitalized, or a whole host of things you would rather not think about. Many traders think the […]
Read More
By Peter R Locke, Steven C Mann November 2000 Abstract / Introduction: Recent evidence (e.g. Odean, 1998a) describes investor behavior that is at odds with traditional economic theory. These alternative behaviors, such as those consistent with the disposition effect or overconfidence, form the basis for recent “behavioral” explanations for asset returns […]
Read More
The following situation happens quite often to many traders. Look it over and see if it has been happening to you: You have been faithfully following your trading plan and the rules you’ve set for trading. By following them you are now in a trade that doesn’t look so good. […]
Read More