Profit Management As I mentioned earlier, the screwy thing that can happen is that we develop bad habits in trading before good ones. Profit Management – Or Lack There Of The second biggest, and can be more harmful to your … Continue reading →
Book Recommendation – The One Thing Here’s the deal, if you can focus on ONE THING in different areas of your life, you will be able to do it amazingly. And then move on to the next One Thing. After … Continue reading →
Book Recommendation Few books truly make an incredible impact on your life. Psycho-Cybernetics, Updated and Expanded is definitely one of the most important ones you will ever read. As I mentioned in my other blog posts, being present, self-confidant ready … Continue reading →
What are Market Trends? Trends and Momentum will be your best friends in trading, when you know how to read them and spot what the changes are. Here is the breakdown of Market Trends: Strong trend going up – you … Continue reading →
Ticks and Points – What in the World are These? When trading the ES you will be referring everything to amount of ticks and points. Unlike with stocks which is in dollars, cents or points (which is simply dollars – … Continue reading →
Day Trading Tip – Inaction Can be a Good Thing One of the biggest misconceptions of day trading is that you are in constant action, in and out of trades. Sometimes the market simply won’t have anything to offer you. … Continue reading →
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLAIMER: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.