Monthly Archives: September 2014

What’s Your Monthly Profit Target ?

By | September 5, 2014

That’s a quite popular question in the trading world. Together with its variants, ‘what’s your daily, weekly, yearly profit target ?’ it offers one way to gauge the trading experience of the person who asks. In most cases it will come from beginners and it’s the scope of this article to show why it is… Read More »

Patience – Mandatory for Successful Trading

By | September 2, 2014

After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! – Jesse Livermore Ask the average trader what it takes to have… Read More »

Less Is Better – How I Determine Risk in a Trade

By | September 1, 2014

I consider risk control to be the most important aspect in trading. A lot of people might disagree with that, but I know that successful traders who’ve been at it for decades share my view. The most important rule of trading is to play great defense, not great offense. – Paul Tudor Jones The most… Read More »