Discover the strategies and risk management techniques that may assist in your journey to becoming a better trader. Discover the importance of including risk management as part of a trading plan by exploring the lessons for becoming a better trader.
1. How to Create a Trading Plan
Having a plan is imperative to success, yet too many traders don’t; inside we discuss how to put one together.
2. Risk Management
Risk management is at the core of any good trading plan, without having a sound set of principles to follow a trader is doomed to fail. Inside we discuss the most vital aspects.
3. What is a Drawdown in Trading and How to Handle It
In this lesson, we discuss the difference between types of drawdowns and how to handle them.
4. Trading Psychology: Managing Emotions
In this lesson, we discussed strategies on how to handle emotions versus trying to suppress or eliminate them.
5. Building Confidence in Trading
In this lesson, we discuss various strategies for building confidence, maintaining it, and making sure you stay on track.
6. Trading Rules and Wisdom
In this lesson, we review a few rules and tenets that can be help traders consistently stay on the right path.
7. Mistakes Traders Frequently Make & How to Fix Them
In this lesson, we discuss some of the most common mistakes both inexperienced and experienced traders make, along with solutions on how to fix these mistakes.
8. Price Action Trading
We examined in depth with examples the three main components of price action trading; trend, support & resistance, and market reaction.
9. Trading Breakouts and Pullbacks
In this piece, two core strategies are discussed; one entails entering on a retracement or a pullback, and the other consists of taking a position upon a breakout above or below an important technical level.