Revered the world over for centuries as the essential text for warfare and battle by the ancient philosopher and general Sun Tzu (544 BC–496 BC) explains the principles for dealing with war, personal conflicts, and achieving success in the battles of life. Here are ten principles I believe we can translate to trading the markets. […]
A risk management process for a trading system is not just math but also includes human psychology. The psychology of execution is just as important to profitability as the trading dynamics of the entries and exits of a trading method. Humans have fear, greed, and egos and these elements can interfere with the process of […]
Raymond Dalio is an American billionaire investor, hedge fund manager, and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world’s largest hedge funds. Bloomberg ranked him as the world’s 79th wealthiest person in January 2019. Here is a video posted by Investopedia on Youtube where Ray Dalio explains how to […]
Is forex trading profitable? Is day trading profitable? Are commonly asked questions by new traders but the answer can be yes or no depending on how someone trades. Yes, trading is profitable if you have a positive expectancy model where the average win is bigger than the average loss over a series of trades. Profitability […]
These are the Principles to Succeed in Trading and in Life “The funny thing is that the principles you have been teaching me for trading success have also been helping me in other areas of my life. I think much more clearly about many parts of my life now. My journal has expanded into a […]
When you enter a trade a stop loss is the exit tool you use to know when it is time to get out of the trade because you are losing money. A stop loss is the tool you use to prevent a small loss from becoming a big loss. This is one of the most […]
Compound interest is the eighth wonder of the world. He who understands it earns it, he who doesn’t, pays it.” -Unknown Why is compound interest considered the eighth wonder of the world? Here are three shocking examples of the exponential growth of compounding. If you start with capital and grow it an additional 1% everyday […]
YOU have a MUCH BETTER chance of success than I ever did. When I started, all I had was the local library and books on strategies that never worked to begin with. With YouTube, Zoom and social media at your finger tips, it’s a great time to learn anything.
Sturgeon’s law states “Ninety percent of everything is crap.” The saying came from the science fiction writer Theodore Sturgeon. Sturgeon came to the conclusion that even though science fiction was criticized at the time (1951) for its low quality it was true for all fields. The majority of work in all professions were also low […]
