Money Management

Biases

Imagine you're in a supplement store shopping for some fish oil or whatever your supplement of choice is. you find the bottle and it's $25 a bottle. before you buy it someone else in the store taps you on the shoulder and says hey if you walk 20 minutes ...

Money Management : A New Approach

Have you come across a trader who reported a large amount of profit from a relatively small account? Such stories are wide spread and often attract inexperienced trader’s attention.Was it a Fluke? Perhaps just a stroke of luck. Anyone claiming outstanding g...

Probability Neglect

This topic is probability neglect, the dangers of small probabilities. Another about how small probabilities are pushed down in the mind of the trader to become even smaller than they actually are. They are literally neglected in many cases. But there's...

Strategies for Trading Stops

IntroductionEver wonder what day traders do when they go on vacation? Do they dial into their net every hour with their laptop to check their trades? Do they call their on-line broker’s telephone response service? Nope, they have a great time and e...

Trading Simulators

Well...By now you must think you're hot stuff and can out trade the pros.LOL...Ok hot stuff.  Now's the time to test your skill.  Many Brokerages have trading contest or free on-line simulation trials where you are able to work with live data while o...

Trailing Stops

A trailing stop is an order to buy or sell a security if it moves in an unfavorable direction. Trailing stops automatically adjust to the current market price of a stock, providing the investor with greater flexibility to profit, or limit a loss. The ...