Why you shouldn’t cut your losses
Hi Charlie, Do you believe in cutting your losing trades short? If so… Then you’re likely going about it the completely wrong way. Let me explain: Let’s say you’re in a 1:2 risk-to-reward trade. And price starts moving closer and closer to your stop loss. If you close the trade at a 0.5R loss so …
My trading documentary with the BBC
Hi folks, I’ve got something quite different to share with you today.It’s the BBC documentary that made me a well-known figure in the trading industry. It’s called “Traders: Millions By The Minute”. And instead of simply interviewing a couple of traders in the documentary… They actually show the lives of retail traders from Britain. Myself …
A trader’s foundation step towards profitability..
Before you can develop into a profitable trader… There’s a foundational step towards profitability that you need to understand. Strangely enough, it’s also the root cause of why trading is so difficult. It’s not about finding the right mentor or picking the best strategy. And it has nothing to do with trading psychology. Those are …
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