8 Trading Mistakes You Must Avoid Here is a list of eight mistakes that most of us make on the road to becoming a successful stock trader. Avoid these and you will be well on your way. 1. Failing to Limit Losses I have not yet met someone who is always right in…
Every so often we like to re-read classic investing books. One of my personal favorites is “How I Made Two Million Dollars in The Stock Market” by Nicolas Darvas. This is an excellent story about how the market really works. It illustrates how Darvas evolved as a trader. Nicolas Darvas began like most of us with…
#1 Reversals A key tool most successful traders use is a Trading Journal. The reason we keep journals is so we can easily go back and review past trades and figure out what went right, what went wrong, and attempt to figure out why. There are many different ways that you can keep your own…
Does Money Motivate? It is generally accepted that money is a motivator; if you link pay to performance, performance will improve. For that reason, many people’s salaries vary with their performance. This is most prevalent on Wall Street where bankers and traders receive most of their compensation in the form of incentive-based pay. In his…