Keys to become successful and wealthy trader Wealthy traders are patient with winning trades and enormously impatient with losing trades. Yes, I often fell prone to that. I tend to hope too much when things are going bad. I have time stops, but tend to close positions/strategies too early when having a nice gain. Too
Day trading is not just about finding a strategy, practicing it, and then making oodles of money. Day traders develop certain traits, which in turn allow them to implement a strategy effectively, in all market conditions. When someone starts trading, it’s unlikely they will possess all these traits. They may be strong in one, two,
21 Trading rules that will improve your trading When you are trading size, you have to get out when the market lets you out, not when you want to get out.The old high was at 56.80, there are probably going to be a lot of buy stops at 56.85. If the market is trading 70
6 Quotes From Famous Trader Richard Dennis That Will Help Your Trading Richard Dennis, a famous trend trader, achieved this amazing accomplishment, becoming a millionaire before the age of 26. He believed that trading could be taught to anyone, which led to the famous experiment of the Turtle Traders, where he taught a random group
Richard Donchian was born in Hartford, Connecticut in September 1905 was born over 100 years ago and although the vast majority of traders have never heard of him yet, he is one of the most influential traders of all time and the father of technical trend following.Many modern trend following trading systems are based on
Marty Schwartz is a Market Wizard. In his prime he had streaks of 20% return months. (Yes, 20% return months). He did what is impossible for most. He traded a lot of futures in his time and in recent years he has shifted to selling option premium which was surprising to me. He always found