Trader

Trader Fatigue Management

Fatigue management is a favorite topic of mine, due to my interest in aviation and in particular aviation safety. In military aviation, in both a training and operational environment, fatigue management is recognized as an essential function of command, in order to minimize risk and enhance operational effectiveness. The same applies to the management of…

Trading Business

The Need for Trading Rules

Question: Hi Lance, I read from another resource that in order to detach your emotion in every trade you need to have a set of written specific rules about your entry, your position size, your exit and any other possibility that might happen in that trade and you need to follow it with “marine discipline”…

Trading Process and Strategy

Three Losses in a Row

3 losses in a row are tough. That’s about the most consecutive losses that novice traders are psychologically prepared to accept before they feel compelled to take action and ‘correct’ the situation. If you’re anything but a total newbie, I’m sure you’ll recognize the symptoms: Frustration – Why me? I’ve worked so hard. Everyone else…