By jimmycox on March 28, 2009
Control the things that are actually in your hands. Most prominent of all is investment risk management. Develop a game plan for investment risk management that will enable you to master the markets and control your wellbeing. Who knows if the market will go up or down? How much will it move? And for how [...]
Posted in Investing
By jimmycox on March 28, 2009
Every investor needs a trade entry system. The first fundamental step of trading is to choose the market in which you want to trade. But, within each market, there is a plethora of trading opportunities to chose from – I call this the universe of securities. So how do you choose from this vast universe? [...]
Posted in Investing
By jimmycox on March 28, 2009
Back testing software is an integral cog in the process of analysing trading systems. Back testing is the process of testing a trading strategy using historical data rather than testing it in real time with real money. The metrics obtained from testing via back testing software can be used as an indication of how well [...]
Posted in Investing
By jimmycox on March 28, 2009
Underestimate the importance of trading money management at your peril. Building a trading business you can be proud of without trading money management systems and rules in place is doomed to fail from the outset. Achieving financial success in the markets is not easy. It takes discipline, determination and a well-tested (and well-followed) plan. Despite [...]
Posted in Investing
By jimmycox on March 28, 2009
The secret’s out. Profitable trading is a realistic option for the perfect business. It is capitalism’s best-kept secret. Office politics, difficult bosses and tricky employees play no part in trading. The market makes no distinction about your wealth, education level, ethnic background or any other aspect of your identity. You can trade from anywhere in [...]
Posted in Investing
By jimmycox on March 28, 2009
A well-known statistic, one that’s held true for many years, is that 90% of the people who come into the markets lose their money in the first six months. The primary reason is that the markets welcome everyone. Anyone with some money can start trading as quickly as they can get that money into an [...]
Posted in Investing
By jimmycox on March 26, 2009
Master the counter intuitive notion of the trading stop and you’ll do what so many novice traders fail to do – turn a profit. How many times have you held a position too long? Everyone has at some point in their trading career. Over the years I have learned that it’s much easier to take [...]
Posted in Investing
By jimmycox on March 26, 2009
There is no ideal quantity of trading capital to begin trading with, it’s no secret that the higher the trading capital you start with, the easier trading becomes because of the fixed costs associated with trading. The major one to be aware of is brokerage. Depending on which broker you go for, many brokers charge [...]
Posted in Investing
By jimmycox on March 25, 2009
So many people make the cardinal trading mistakes and lose everything – wife, girlfriend, kids, house, the lot. Don’t fall into the trap and make the same trading mistakes. One of the biggest aspects of becoming a successful trader – and most things in life – is that of learning from your trading mistakes. I [...]
Posted in Investing
By jimmycox on March 25, 2009
Essentially good traders make huge profits from bad traders. When they win someone else loses. The makings of a good trader can be explained using a simple analogy. Imagine there is a set of twins, both of whom are traders and are identical in almost every way. They both have the same trading system, same [...]
Posted in Investing
