Hey Richard, thanks very much and great to hear from you. What a great market were in with so much volatility and opportunity, it so much fun.
Hope your keeping well and having fun in this market and thanks for setting me right all them years ago and with grit ,determination and hard work, I...
In trading a fundamental point to remember when finding your edge is to establish if your profitable trades are profitable based on SKILL or LUCK. Never make this decision based on just the OUTCOME of the trade.
Max7 thanks for reading my posts and I hope to share some of my trades, insights and experiences which I’m sure every inspiring trader can relate to and maybe find value in .
Long term winners know how to lose. They trade the same regardless of the results, unless strategic adjustments are needed. They keep their cool and stay in the game. Emotions don't get in the way.
The best winners are the best losers.
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading – Victor Sperandeo
A 50% win rate with solid risk management is all you need to succeed.
50 wins × $1000 = +$50,000
50 losses × $500 = -$25,000
100 trades with a 50% win rate and 2:1 reward to risk nets +$25,000
Every trade must be taken with this concept in mind.
Embrace small losses.
I found $GRMN on a premarket gappers scan and put it on my watchlist to see if it set up. The stock gapped to all time highs so was only going to short this using specific set ups. Was only look for a quick scalp type trade.
The opportunity presented itself and I shorted it and covered for a...
I was taught how to trade by Richard in 2003 , 17 years ago don’t time fly, I travelled down to the Regus offices in chertsy where I booked an office for the day and enjoyed a full days of training by Richard. I can remember I bought a Sting CD for the journey down from the midlands and I was...
Uso 18/12/14
I traded USO on thursday its an ETF and moves very quick, not for the novice The oil sector has been in play recenlty as you may know and has been hit hard.
I traded this long, counter trend trade on all time frames, required skill & nerve.
Not for the faint hearted!:-0
Mr...
Hi
I'm a trader who has been involved in the markets on/off for the past 10 years whilst been busy with other things.
I've got to the stage where I have enough free time to trade the US markets full time and have been doing so recently and enjoying it very much.
I will log my trades and hope...