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Trading Educators Blog

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Mar
27

Manage the Trade

​ Once you get into a trade, you must eventually get out. Some argue that this is more important than where you get into a trade. My experience has been that any fool can get into the market, but it takes a successful trader to consistently get out with a win. As I follow the markets, I find there are four reasons to get out of a trade. Prices move significantly against my position. Prices stop mo...
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538 Hits
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Apr
12

Predicting the Markets

“ Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment , being wrong, making your next best judgment , being wrong, making your third best judgment , and then doubling your money.” – Bruce Kovner This is an immense important quote from Bruce Kovner. ...
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  2011 Hits
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Recent Comments
Jean1975
Great post. The ability to follow your plan, make mistakes regularly and execute trade after trade with consistency and disciplin... Read More
Friday, 22 April 2016 12:05
Andy Jordan
Agree with your 2 additional points (and there are probably many, many more) Jean. All this sounds very simple, doesn't it? Until ... Read More
Friday, 22 April 2016 16:09
2011 Hits
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Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.