Five Trading Steps

  • 1. Define risk
  • 2. Define a trade style that matches personaility and beliefs
  • 3. Define one or two strategies for choice of style
  • 4. Back test and forard test method
  • 5. Trade with partial risk and earn the right to increase risk.

Friday, November 20, 2009

Trader's Corner

Kerry

 

I was just listening to the Market & WPT video reports and thought how important they are to me (and I'm sure to many others).

 

Both the market internals and individual stock discussions are extremely useful.

In particular I like the individual trade discussions as it gives us all an insight in to what we should be looking for from our trades.

Although the WPT system may not be what everybody trades their is enough 'meat on the bones' for us all to learn something. It may be just a small comment that lasts a few seconds, but that small comment can ignite a spark and give us that 'aha' moment that eventually (hopefully) leads to a refinement in our trading.

 

Many thanks

 

Ian F

 

 

 

 

 

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