officejax currency trading information

Channel



Ad your free banner at www.AdViews.info

 

Day Trading Success- The Key Is Survival


Most new traders tend to focus just about all their time and energy on finding nearly perfect "setups", but trade setups, even very good ones, are *not* the key to successful trading. It's the *way* you trade your setups that keeps your losses smaller than your gains. And this is the single most essential key to trading success. To me, the process of limiting losses is more than just money management...it is survival.

I can't give you a list of mechanical survival rules that will take the place of experience and make you a successful trader overnight, but if you stick to the following principles in your trading, you'll be on track. You'll be doing just about the opposite of the crowd, and you'll eventually learn to limit your losses. Limiting your losses is the only way I know to make money in this business.

The following guidelines will sound radical, but they have guided me in making my living from trading for many years.

1. If a trade doesn't go your way within the first one to five minutes, get out. I usually get out within one or two minutes as soon as my perceived edge is gone.

2. If a trade goes against you in the first few seconds, begin drawing in your hard stop and/ or your target, trying to get out of the trade at break even.

3. Never let your hard stops get hit. When it happens, you may want to take a break and get some fresh air.

4. Hard stops are adjusted to market conditions. At the moment (July 6,2005) I am using 1.50 point hard stops on the SP futures.

5. Never move your hard stop away from your entry point, hoping that a bad trade will turn around.

6. If you find yourself *hoping* as you trade, it is a clear sign that you are not following good survival (money management) principles.

It will be impossible to put these principles together without a set of high-probability setups. Without good setups, trading is just a flip of the coin.

Mike Reed is author of TradeStalker's RBI Trader's Updates. He has been trading the Market for 23 years. When he got his start as a trader, Mike was plotting prices on paper tape as the internet had not yet been "born" as we know it today. Years of experience have really given him a feel for the Market action. His support and resistance numbers have been published on the internet since 1996. He has a wide readership that includes day traders, floor traders, locals and hedge fund managers. Mike's nightly support and resistance zones are specific and incredibly accurate. He offers an unlimited free trial of his nightly TradeStalker RBI Trader's Updates. http://www.TradeStalker.com


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Wed. September / 19 / 2018

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Law.com

State AG Refers 3 Virtual Currency Trading Platforms to DFS for Investigation
Law.com
The findings are the result of a survey sent to more than a dozen virtual currency trading platforms by the attorney general's office seeking information on their operations, internal controls and customer safeguards. Ten chose to participate in the ...



Crypto-News India (press release) (blog)

PBoC of China: Continues Preventing Risks Caused by ICO and Virtual Currency Trading
Crypto-News India (press release) (blog)
According to this notice, the national leading group of the rectification for internet financial risks deployed and took measures in time to cope with illegal financial activities such as ICO and virtual currency trading. Specifically, strengthening ...
People's Bank of China Issues Warning on CryptocurrenciesInvesting News Network
China Central Bank Warns of Cryptocurrency, ICO Risks in Public ...CCN
China's Central Bank Issues Warning to Cryptocurrency InvestorsUnhashed

all 38 news articles »


Friendlier rules seen to spur virtual currency trading in Taiwan
Digitimes
Taiwan has formulated relatively friendlier regulations governing virtual currency exchanges, which is expected to help the country's trading of digital tokens expand significantly, according to David Pan, president of ACE Exchange, a digital asset ...



RTE.ie

Britain extends lead in global currency trading
RTE.ie
Britain has extended its lead in the global currency trading business in the two years since it voted to leave the European Union. It is another sign that London is likely to continue to be one of the world's top two financial centres even after Brexit ...
Exclusive - Britain extends lead as king of currencies despite Brexit voteReuters

all 324 news articles »


The Straits Times

SGX partners start-up on multi-currency trading prototype
The Straits Times
At present, foreign exchange rates are determined only after trades have been made. A multi-currency trading service will help investors increase their investment yield and manage risks caused by foreign exchange movements, SGX said yesterday.
SGX taps exchange trade platform M-DAQ to launch multi-currency trading prototypeSingapore Business Review

all 3 news articles »


Apollo Currency Trading 5% Lower Over Last Week (CRYPTO:APL)
Fairfield Current
Apollo Currency (CURRENCY:APL) traded 10.3% lower against the U.S. dollar during the twenty-four hour period ending at 17:00 PM Eastern on September 8th. One Apollo Currency coin can currently be purchased for approximately $0.0020 or 0.00000031 ...

and more »


Apollo Currency Trading 22.4% Higher This Week (APL)
Fairfield Current
Apollo Currency (CURRENCY:APL) traded 1.6% higher against the dollar during the 24-hour period ending at 21:00 PM ET on September 12th. Apollo Currency has a total market cap of $0.00 and $136,732.00 worth of Apollo Currency was traded on ...

and more »


Greater Kashmir

Trading currencies
Greater Kashmir
Now let me apprise you about risks associated with currency trading. Risk element is there in every business. And so is in the currency trading. It has caused heavy losses to many investors for their inexperienced and undisciplined approach to trading.
Indian Rupee Tumbles to Record Low Amid Emerging Market RoutCommodity Trade Mantra

all 621 news articles »


Ryo Currency Trading 5.9% Lower This Week (CRYPTO:RYO)
Fairfield Current
Ryo Currency (CURRENCY:RYO) traded up 1.8% against the dollar during the one day period ending at 11:00 AM ET on August 29th. During the last week, Ryo Currency has traded 5.9% lower against the dollar. Ryo Currency has a market cap of ...

and more »


Crypto Market Focus for Aeternity (AE.CR): Currency Trading Near $0.8311
Coin Digital Standard
Putting the focus on Aeternity (AE.CR), we have noted that the cryptocurrency has recently moved to $0.8311 with today's volume showing 409588. Investors will be watching to see how the crypto trades in relation to the overall market over the next few ...

and more »

Google News

     Large inventory of office cubicle and partitions walls for sale in Northeast Ohio

     Find home remodeling contractors Akron Ohio

Search for estate sales in Akron Ohio

Click here to
OfficeJax free ad space available here improve pagerank with a free one way backlink

 

Find used office equipment in Ohio at www.OfficeJax.Has.It

www.Akron.Has.It

Find the best fleamarkets at www.FleaMarketWorld.Has.It

Find electric powered vehicles at www.NoGas.Drives.It

Flea Market World

Free Automatic Link Exchange

Akron City directory

Find homes for rent
in Akron Ohio
www.homes4rent.has.it

Anonymous and Confidential U.S. Mail Drops - No ID Required reship worldwide

Click here to
post your free classified ad here free advertising and one way backlink
Free one way backlink

 

officejax surplus office furniture outlet Akron, ohio

[Back to Top]

 

auction news and listings for Akron, Ohio

Akron crafts and hobby news center

Akron Ohio pet news

Advertising and promotions Akron, Ohio

The Akron blogging news center

Akron Ohio web site design news

best tips and home remedies

Akron Mortgaging and refinancing

Akron currency trading

Page Ranking Icon

 

Home | Site Map
© 2012 - 2018 All Rights Reserved

 

currency trading forex currency trading online currency trading foreign currency trading currency forex learn online trading currency forex online trading currency day trading currency trading system forex currency trading system currency privateforextrader.com trading currency exchange trading e currency trading currency foreign privateforextrader.com trading book on currency trading currency trading broker currency trading software day trading forex currency currency ireland trading online currency trading system currency future trading day trading for the currency market online foreign currency trading fx currency trading forex currency trading beginner forex training course currency trading currency day system trading currency trading course 4x currency trading currency trading tutorial currency trading information foreign currency exchange trading currency global in market trading started in currency trading commodity  currency trading trading the global currency market international currency trading course in currency trading automated currency system trading foreign currency trading software currency trading strategy currency forex learn trading currency make money trading currency trading signal currency option trading currency forex market trading currency trading made easy chart currency trading currency trading  tip currency foreign forex trading currency demo trading currency trading forex spot rate learn currency trading basics currency trading currency trading for beginner forex currency trading broker currency electronic trading currency game trading currency exchange foreign  forex trading interbank currency trading practice currency trading currency forex fx software software software trading free trading currency guide tool online currency forex trading currency news trading best currency system trading currency trading account currency currency forex forex learn online online trading online currency trading strategy currency trading platform currency forex learn online online trading trading currency trading training company currency exchange foreign trading company currency forex trading currency euro trading currency forex trader trading automated currency trading currency foreign system trading currency market trading currency option trading system currency trading seminar business currency currency home internet trading trading canada currency trading spot currency trading currency exchange rate trading currency forex pair trading using vantagepoint currency network neural trading boards currency forex trading how to start currency trading currency trading australia currency forex tag trading currency forex trade trading currency insurance trading currency trading education live currency trading online currency option trading advisor currency expert trading, commodity currency future trading currency day foreign trading currency exchange link trading credit currency trading