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Trading Rules

Trading rules: Seriously! Do you even have a plan?

Whether you like it or not, to become successful in the financial markets you will need to follow a set of rules, and follow them to the letter (I have my glasses and strict face on now, and my cane in my right hand). The rules you follow will vary for each individual trader, according to your own trading, which means you will have to...
Rules to Follow...

Best stop loss strategy: There is no set percentage!

There is absolutely no doubt that you should not be trading without the use of a proper stop loss; when positions are live and emotions come into play then it’s quite literally suicidal to be trading without one (you may as well be a Japanese kamikaze pilot). You should have come to a definite conclusion about where your stop should be placed before you have bought or...
Best Strategy Explained...
Why Do Most Traders Fail

Why do most traders fail? Duh… isn’t it obvious?

To be attracted to the financial markets in the first instance infers it’s almost certain that you already have some level of appetite for risk, a gambling mentality if you will, because if you didn’t, it is unlikely you would find watching stock charts for hours on end very appealing (I mean, you could be imprisoned in your office cubicle or...
Why Traders Fail...

Scaling in to winning positions: yes, yes, YES!

Whilst I’ve been drumming it into you that the markets are, to a certain extent random in their movements, there are definitely some tactics which you can employ to make the very most out of the opportunities which present themselves. You can do this by scaling in to winning positions with both confidence and conviction, and in fact, the more a trade...
When To Scale In...
Rebound Trading

Rebound trading: I know you can’t be this dumb!

The pain traders endure from a losing trade is, at times acute, and it seems the more certain you are that price will move in a certain direction, the more hurt you feel when it moves against you (cry babies leave the website now please). It’s in situations where a person feels their bet is a dead cert that they find it most difficult to accept that their market prediction is...
Trading On The Rebound...
Portfolio advice: Maintaining your investments
Trading at a professional level involves both building and maintaining a diverse and solid trading portfolio (I’ve said this enough that it should be ingrained in your mind now, get a tattoo of this quote if you have to), this is an aspect of trading which is absolutely essential if you are taking your investment activities seriously and aim to...
Managing Your Portfolio...
Blew Up Trading Account
Blew up trading account? I’ve been there too!
When you have just totalled your trading account, for the first, third or tenth time it can feel soul destroying, quite literally like the person you love has just told you they are leaving you for a new, more handsome, more successful man. Starting your account this time you most likely believed that your new system or strategy would...
What To Do Next...