Stops

Louise Bedford Books

David Trading for Beginners June 28, 2017Books, Education, How to Trade, Mindset, Psychology, Risk, Stops, Technical Analysis, Tips

trading results in great profits if you have a plan

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

Van K. Tharp Books

David Trading Resources June 28, 2017Books, Education, Mindset, Position Sizing, Psychology, Redpill, Risk, Stops

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

Risk

David Trading for Beginners June 28, 2017Position Sizing, Risk, Stops

This is one of the most difficult things in trading. It almost seems counter intuitive. The only way you can ever hope to be a success is to control your risk. If you are reckless and blow up your account you will run slap bang into the one reality – if you have no money you cannot play. The trick in trading is to preserve your capital so you survive long enough and are able to take that trade that will come along and will make all the difference to your account. I’m going to talk about stops in another

Chris Tate Books

David Trading for Beginners, Trading Resources June 28, 2017Books, Education, How to Trade, Mindset, Risk, Stops, Technical Analysis, Trading Systems

Click Cover for Amazon Click link below for The Art of Trading at The Book Depository Book Depository Link Chris Tate is Louise Bedford’s business partner at The Trading Game. I read this book when I enrolled in the Mentor Program in 2016. This book focuses on Money Management, Psychology of Trading, Risk, Technical Analysis, Preparing a trading plan. Chris has an almost daily blog on The Trading Game website. Chris is big on developing your own trading system that resonates with you and looking at the charts for yourself. Successful traders take the first signal their system

David Trading for Beginners June 28, 2017How to Trade, Mindset, Position Sizing, Psychology, Risk, Stops

Let’s talk about stop losses and how to set them. In a previous article I said that the only thing we have any control over in trading is how much money we are prepared to lose. The way we manage this risk is by using a stop loss. The name says it all – its purpose is to stop your losses at a pre-determined point. You may have heard the expression ‘cut your losses short and let your profits run’. A stop loss is the way we cut our losses short. However it is one of the hardest things psychologically

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