Monthly Archives: March 2015

Trading Room Results March

R Units made – 77.95 Total Profit $66,544.02 Total Trades – 160 Avg.Traders per day –  7.6 Average Winner – $1070.15 Average Loser – $404.21 Profit/Loss Ratio – 2.65 Average Risk per trade – $854

Characteristics of Successful traders

1. Successful traders have meaningful attachments or some other source of motivation and happiness outside of the financial markets. 2. Successful traders are proactive, they know what they need to learn and they know what they need to do in order to execute. Being active alone is not sufficient. 3. Successful traders tend to be […]

Trading Psychology and Speculation

This is an excerpt from the book Reminiscences of stock operator written by Edwin Lefèvre which is the thinly disguised biography of Jesse Lauriston Livermore.This excerpt fully summarizes the mistakes made by most traders, New market participants face this emotion everyday and each trader during his development phase goes through this at one point or […]