Posted on June 2, 2009 by Adam
Although risk management is not the most sexy aspect of trading, it is certainly one of the most important. It is the first thing I think about before placing any trade, and it’s always at the back of my mind when I’m scanning charts.
But why pay attention to a topic that seems dryer than the [...]
Posted on March 8, 2009 by Adam
If you have been following the news, you may have heard that the SEC recently released a copy of this report, which was submitted in 2005 by a whistleblowing Wall Street insider, warning regulators of the vast fraud underway in Bernie Madoff’s fund. The SEC completely ignored the warning, submitted by Harry Markopolos long before [...]
Continue ReadingPosted on March 5, 2009 by Adam
Trading is hard - I’ll be the first to admit it. But that doesn’t mean we can’t be profitable over time, even if the market is down.
The key lies in defining your risk and reward on every single trade
What do I mean by risk and reward? I define risk as the maximum amount the trade [...]
Be on the lookout for an extended pullback.