Please also see the discussion on Stops This is one of the areas that almost killed my trading account. In addition to trading without a stop loss, I was trading position sizes that were far too big for my account. This was great if a trade was moving in my direction but if you add in leverage, the losses were magnified as well and I could easily have been wiped out. No one ever told me how to determine how much I should buy – certainly I was never told anything other than this kind of consideration “make sure you
To buy click on cover. Click link below for Trading Secrets at The Book Depository Book Depository Link When I had been trading for around 6 months, I was starting to become frustrated because both companies I had purchased trading education from were throwing me fish rather than teaching me to fish for myself. I started my trading doing covered calls which work quite well for producing income every month but they really only work well in a market that is going up in value. I found myself holding shares that had reduced significantly in value that I
Click on Cover to buy from Amazon Click below to buy from The Book Depository Book Depository Link Click on Cover to buy from Amazon Click below to buy from The Book Depository Book Depository Link Two of my favourite books. If you think you have your trading psychology ‘nailed’ then I suggest you read these books. If the house is burning down, these two books are on your list of things to take with you. Originally posted 2017-05-02 18:43:58.
Click on cover to buy from Amazon Click below to buy from The Book Depository Book Depository Link This book is on my bookshelf waiting to be read. Nevertheless it came to me highly recommended. Only so much time available to read! I will get to it and update this review. Originally posted 2017-05-02 16:39:15.
Click the cover to the left for Amazon link Click link below for The Book Depository Book Depository Link Click the cover to the left for Amazon link Click link below for The Book Depository Book Depository Link I have a love-hate relationship with this author. His work on risk management, position sizing, setting stops, trading psychology are brilliant. I did however find his book, Trading Beyond the Matrix was weird beyond measure after around the first quarter. It’s like taking the redpill in “The Matrix” on steroids. I don’t normally recommend buying how-to-trade books however