Are You Trading with the Right Stuff?
Ever wondered if you have what it takes to be a really great trader? Your answer may be just around the corner.
Ever wondered if you have what it takes to be a really great trader? Your answer may be just around the corner.
and traders are bearish. The reasons vary and include worries about earnings or the economy but many feel that the market is headed for a fall.
Traders are fascinated by indicators. But just because something is interesting, logical or mystical does not mean it works in the market. Testing is needed to be sure the indicator adds value, and we will define value as improving profits. If an indicator beats a simple trend following strategy, it adds value.
a Trading Journal is nothing more than a log of transactions but an effective Trading Journal can help one evaluate and educate themselves on trading.
First off, let’s start off by looking at position sizing. Position sizing, in its most basic aspect, is the dollar amount being invested in any security on any trade. Every successful trader will have pre-determined rules for their trading account.