Posts Tagged ‘Discretionary Trading’
How to Get Started Swing Trading Stocks
How to Get Started Swing Trading Stocks is an introductory guide for new traders looking to get active in the stock market. We start right at the basics — defining what exactly swing trading is and why someone would want to adopt this trading style — and then dive into all of the important high-level…
Read MoreHow Smaller Profit Targets Can Improve Your Trading
How many times have you read that in order to make money trading, you need to play for a big profit target, let your winning trades run and cut your losers short? It’s sound advice, applicable in many places, and a great starting point for new traders. But it’s not the only way to make…
Read MoreAdapt to Dynamic Markets or Fail
Trading is hard. Whether dealing with the uncertainty of markets, managing the discomfort of losing money, or developing a meaningful trading edge, there are lots of skills a trader needs to develop before finding their way. It took me years of experimenting with different strategies, learning the hard way about risk management, and repeatedly getting my butt kicked
Read MoreWhy End of Day Trading is Superior
There’s a fire hose of information directed at our faces everywhere we go. Thanks to technology we can basically travel anywhere in the world and never miss a market tick. Technology is great.
Read MoreHow to Position Size When Swing Trading
One of the first things I do after waking up in the morning is check the pre-market quotes on my phone. Usually still in bed, and more often than not, half asleep. Waking up on the west coast at 5:30 AM is still a challenge after living in Massachusetts nearly all my life.
Read MoreHow 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…
Read MoreTrading 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?
Read MoreHow 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…
Read MoreFive tips for holding winning trades
Letting a winning trade ride is difficult. How many times have you had winners evaporate in front of your eyes, stop you out at break-even, or even worse, turn into a loser? It is no surprise holding onto a winning trade is one of the most difficult skills for a trader to develop.
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