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One of the most important rules in trading is knowing how to control your losses and to keep pace with events. This is what generally makes the difference between a losing trader and a winning trader in the short, medium and especially long term. Cut your trading losses or you are doomed On my site’s […]

I have applied this rule for a few years, and coincidence or not, I have become a winning trader by applying it. I am not sure that this rule could apply to everyone. In my opinion this depends on each individual’s personality and psychology. In my case, it has enabled me not to be easily […]

Trading is the most difficult and exhausting activity that I have ever practised. I have « been around the block »; I have been an IT engineer, an adult educator, a University professor, passing through less intellectual jobs such as farm labourer, market tradesman and I could go on. None of my previous experiences prepared me for the […]

When we trade, we must give ourselves the best chance possible and the technical aspects are often overlooked. Of course, we will always be at the mercy of financial market quotes completely stopping, an internal problem for the broker … but that leaves traders completely powerless. We must minimize the technical risks which we can […]

While Trading rule number 1 is not to lose money, trading rule number 2 is to: reread rule number 1. You may find this trading rule funny or uninteresting, yet it is at the heart of any trading system: you must adhere to the rules that have been set if you want to make money […]

Trading rule number 1: do not lose money It often makes people smile when I tell them that my number 1 rule is not to lose money in financial markets. On my blog’s trading forum I often hear from traders who are dissatisfied at the end of the day because they have only earned a […]

If you want to improve your trading, you have to analyse your day’s trading to identify flaws in your trading. To do this, there are a few statistical tools which enable you to evaluate the quality of your trades. One of the simplest and most effective tools is Profit Factor. Definition of the Profit Factor […]