When it comes to making money in the markets, risk management is probably the most important factor to long term success. To learn how to make money, you must learn how to stop losing first. Risk is all about controlling your losses. They can’t be prevented, but they can be analyzed and limited.
Here are 4 risk based metrics that even novice traders can track via a simple spreadsheet or a trading journal.
Nowadays creating a robot is no longer limited to financial wizards. It’s quick and easy, but creating a robot that makes money is a completely different story. Just like manual traders who adjust their strategies as the market changes, a trading robot also needs to be adjusted frequently to obtain greater profitability. Some systems like Meta Trader are able to create powerful backtesting reports, while others don’t provide valuable information to discover where and how your robot is losing. In this post, we will be showing some of the countless resources that Trademetria offers to improve the performance of your robots.
When I first started trading back in 2001, I used yahoo finance and my broker’s platform to trade. That’s it. The result? I lost $8k! Not fun.
When I became a professional trader, I got to sit next to professionals and I learned from them and from other traders what works and what doesn’t when it comes to trading tools and resources for traders.
As of May 5th 2019, the CME group announced 4 new contracts that can be a game changer for new traders. You can now trade micro e-minis of S&P, Nasdaq, Russell, and Dow and that means you will spend a lot less to learn how to trade futures. We are excited about this and already made the necessary changes to our system to support these new contracts. Here is what you need to know:
As you probably know, Napoleon Hill wrote the classic How to Think and Grow Rich to help anyone become financially rich. The lessons in this book are priceless, timeless and valuable at any point of your life.
This post is an adaptation of the 13 principles or steps talked in the book that can be applied to your trading business anytime regardless of your skill level.
When looking for the holy grail of trading, many people spend thousands of dollars on courses, seminars, strategies, books and of course trading capital trying to become consistently profitable. While some of these products can help, I still think they are not enough for most of us. Why? Because trading is a mental game and to teach one’s mind, you need three important components:
Once in a while, a trader will have to deal with a big loss. It’s part of the business and a good trader knows how to manage this situation emotionally and financially. In this post, I share a few tips I use to deal with this issue.