Staying on trend is critical for trading, but many traders sell after a small rise. Doing this ensures they can’t make a triple-digit gain.
About Jason McIntosh
I’m going to show you an image that will help you understand the rhythmic nature of the trading market, and the effect this can have on profitability.
What do movies sequels and trading have in common? Just like the movies, many people assume the original is the best. But these trades could make your year.
There are two ways to test a strategy. You can use trial and error — like I did when I began my career — or you can use back-testing.
Many people get this wrong. Some struggle with uncertainty and make rash choices. Others apply logic, without realising laws of trading can be different.
Quitting is key to your success in the markets.A successful trader is also a serial quitter. Yes, you read that correctly — a serial quitter.
Remember this: A trailing stop’s objective is to protect your capital. It has no way to know the size of a pullback, or if a stock will ultimately recover.
People often say October's a risky time for trading shares. They point out it's the month of the worst market crashes. It’s a nervous time for many traders.
Position sizing is more science than art. It took me years of trial and error to figure this out. You now have the formula. I hope this helps you transform your trading.
There is one factor that sits above all others. It’s the single most important decision every trader must make. Getting this right is vital to your success.