Trading Success Lessons
How I Took my Trading to the Next Level
It’s that time of year again: going to ugly sweater Christmas parties, planning for the new year, and looking back over the accomplishments and mistakes of the year. This is my favorite time of the year, and, no, it’s not for the Christmas parties. It’s because it’s a time I take a detailed look at…
How to Take Emotion Out of Trading
GoPro ($GPRO) is a stock I had been watching for a while. Since the week of its IPO on June 26, 2014, the stock showed tremendous potential for a high volatility new issue. It opened with an IPO price of 28.65 a share and just 3 days later the stock hit an intraday high of…
Trading with Profit Targets – The Pros and Cons
photo by Frits Ahlefeldt-Laurvig Before you even think about taking your next trade you better first assess your risk to reward ratio to make sure the trade is worth taking. Isn’t that what the trading books tell us we need to do?
How to Emotionally Manage Winning and Losing Trades
How to emotionally manage winning and losing trades dives into the much less discussed, mental side of the equation around trade management. Your specific trading strategy is going to be a key determining factor in how you manage positions, but it’s your emotional state and internal dialogue, that will ultimately dictate whether or not you manage…
how I lost 5 times my net average week
This past week my account suffered a net loss 5X larger than my average trading week, my largest loss this year. Now I admit for a split second post the market close on Friday I thought to myself, there is no way I can update my performance to show a nearly 3% drawdown this week–…