Importance of Money Management Money management is the make or break skill set that will impact a trader’s longevity the most. No matter how technically skilled a trader may be, poor money management can cause all kinds of unforced errors resulting in account...
If you’ve been around trading long enough I’m sure you’ve heard the phrase, “90% of all traders fail”, thrown around at least once. While it’s difficult to prove that this is pure fact, it has nonetheless gained enough traction such...
When new traders enter the markets, they’re usually anxious to start trading as much as possible. Even experienced day traders will sometimes feel the urge to trade actively, regardless of the opportunities available. This feeling is natural. After all, it can be...
Becoming a better day trader requires that you not only focus on textbook knowledge, but also on yourself. As a day trader, you are the driver of your own success. Often times, traders tend to focus solely on the market and forget that their own behaviors may be...