Article Archive For
Ray Johns
Manage Your Money, Or Someone Else Will by Ray Johns
ARTICLE SYNOPSIS ...Manage Your Money, Or Someone Else Will by Ray Johns
You can stop that from happening, and here's how.
Many traders, especially those new to the markets, tend to overlook a simple yet important premise when it comes to their trading: specifically, that the cornerstone of long-term profitability in the market revolves around successful money management. It may sound simple, but oftentimes, not enough emphasis is placed on the importance of proper money management. In fact, the management of your money (that is, taking steps to reduce risks and allocate funds) is so critical to success that it...
AUTHOR: Ray JohnsDATE: SEP 2009SUBJECT: Charting
Trader, Know Thyself by Ray Johns
ARTICLE SYNOPSIS ...Trader, Know Thyself by Ray Johns
Want to become a successful trader? Then it's important to understand how your mind works.
by Ray Johns
IN trading, when something goes wrong and you lose money, nine times out of 10 it's nobody's fault but your own. Most of the time the breakdown occurs in how the trade is managed, since many trades do go into and out of the money during the course of their respective durations. Unless you just hit a bad trade that drops like a rock, there is at least (typically) some opportunity to take a profit along the way. In these cases, trade management is one of t...
AUTHOR: Ray JohnsDATE: JUN 2009SUBJECT: Daytrading