In life, and in the stock market, success is about stacking the odds of success in your favor. In Las Vegas, there is an old adage that says you want to always know who the smartest guy in the room is. Most people look around the room and try to size up their competition. However,…
Everyone wants to make money when trading the stock market. However, if making money is your only motivator, be careful. I have found that trading to make money is dangerous because of the emotional attachment we have to our cash. When we focus on money and are motivated by greed, we tend to ignore the obvious. If you are…
This article outlines 10 factors needed to be successful in the market.
Earlier this year I wrote an article titled Trading Math I- Don’t Let Statistics Fool You and received quite a bit of positive response from it. The article discussed the importance of keeping your losses small and letting your winners run. This week, I want to follow up with a brief introduction to risk and…