The outcome of a trade is never a sure thing. There's always an element of chance. When going long, for example, all indications may suggest a strong and solid trend, but it's possible that an unanticipated, adverse event could ruin it all. You can never know for sure what will happen. But that's okay. You don't need to have everything fall into place every time you make a trade. It's not the outc...
Trading Educators Blog
It has often been said that trading is not rocket science. I believe that. You don't need to be as brilliant as a rocket scientist to trade the markets profitably. I know I'm not that bright. That said, there are moments when a trader has a brilliant insight and takes home huge profits because of it. (I don't know any rocket scientists, but I'll bet that a rocket scientist isn't brilliant every wa...
How much time do you spend preparing for the trading day? Do you spend hours scouring the markets for a winning trading opportunity? Do you watch hours of commentary or read all the major financial newspapers? You don't need to spend hours and hours reading about the markets if it doesn't directly lead to a profit. For example, most media coverage of the markets is for entertainment value, so spen...