Most focus on the importance of a viable methodology when looking to trade and forget about the other crucial aspects: the money management and trader’s psychology involved with following the methodology. Therefore, in this webinar, Dave focuses on 3 Pillars of trading:
1. The Methodology
2. Money Management
3. Trader’s Psychology
For methodology, Dave describes his methodology in a nutshell and includes several of his favorite setups to capture both short and longer-term gains.
For money management, he touches upon his basic system and describes some ways to improve upon it further.
He’ll then discusses how fully understanding your methodology, keeping your emotions and ego in check, practicing proper money management, and above all, planning will help you to overcome the psychological pitfalls of trading.