Psychology
Continuing from my last post, here are the rest of the questions my friend asked me to expound upon. What is Risk Management and should it be lumped together under Trade Management or separated? Risk management is one of the great buzzwords of our time. Who wouldn’t want to
Readers Questions
Reader Mark asks a beginner's question that might not be such a beginner question after all: Hi Adam. This might seem like a silly beginner question, but what is the most important finance concept for a trader to know? I'm a college student taking finance and
Individual Traders
1. It is not just that risk is hard to understand--some risks may be impossible to understand. Your risk management plan has to leave room for the unknown and the unknowable. This is why advice from great traders always includes a reminder to "stay humble" or to avoid
Individual Traders
Traders talk about and think about risk all the time, and for good reason: this is a risky business! A lot of things can go wrong, and some of those things can be very dangerous--a single mistake can effectively put a trader out of business, often in a matter of
General Comments
A list of rules for traders and risk managers.