FIRST HAVE A PLAN .
Better yet, have 2 Plans!
Most traders have a trade plan, that will tell them when to get in and when to get out (or at least it should and I will cover that in the next segment)
What a lot of Trader's don't have and really need, is an account management plan.
An Account Management Plan is necessary to keep you from causing too much damage on...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Elements of a Successful Trading Plan 102
2. Risk Level
Managing a risk in trading is essential if a person wishes to make profitable investments. As a
trader, one cannot control the market but he/ she do have the capacity to change what can be
done as circumstances require. They need to adapt the changes as the...