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• Discipline in trading by James Covington Bryce

  ARTICLE SYNOPSIS ...Discipline in trading by James Covington Bryce I would like you to bear with me for a moment and consider something that, at first, might appear to be a little ""far out."" Let's say all of a sudden you found yourself going about your daily tasks but you didn't have your body! Now I know it is a crazy idea, but consider it for a moment. How would you describe yourself? What would you be? You only live in your body. What you are really is not tangible, i.e., it cannot be measured by any of the five senses. This, my friend, is a very important exercise relative to stock and futures trading bec...

AUTHOR: James Covington BryceDATE: APR 1989

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• Considering risk by James Covington Bryce

  ARTICLE SYNOPSIS ...Considering risk by James Covington Bryce Risk and reward appear to be a double-edged sword. Most professionals advocate that you calculate them both before entering a position. This is normally done in terms of a ratio where first you determine the difference between your entry price and your stop loss--this is your risk. Then you determine the difference between your entry point and your expected profit. This is your reward. A risk-to-reward ratio of 1-to-3 is normally considered the minimum you should accept and ratios of 1-to-5 or higher are even better. Let's look at this idea a little m...

AUTHOR: James Covington BryceDATE: OCT 1986