Please keep note of this mistake as this is the essential mistake trader usually made. Why do you think they are called stop-loss orders? Because that is the point you want to stop losing. There is no way to adequately communicate how important it is to pre-select, in advance, exactly where...

hen I teach my Psychology of Trading class every quarter it still amazes me how many of my attendees cannot provide me written documentation of their trading results. That’s like running a business everyday with only one piece of information; your checking account balance. Suppose you told me...

Traders who have made a lot of money and kept it will be the first to encourage you to not make this mistake; starting on your first trading day. Trading the news is one of the quickest ways to the poorhouse. There are no professional traders working in any trading arena that will make trades when...