Theoretically speaking, one only needs a tick, a point, or a pip a day to make any amount of money one needs. Why then is it so difficult to make trading a successful career. Trading is one of the simplest of professions to get into, but one of the hardest to get successful at. Not because it […]
I strongly believe that simplicity brings clarity of thinking, clarity brings decisive actions and actions produce results. In the trading profession many traders make their lives far too complicated for their own good. It comes from trying to find a Holy Grail, and being right all the time. The bad news is – in trading […]
One of the things that hurt me quite a bit early in my trading career was not to have a good money management plan. I used to randomly change the position sizing depending upon how good I felt about a trade, or to scale up by compounding after a series of winners. The result was […]