Active Traders’ Mind Management

Traders need to maintain a clear focus, and that comes only with a clear head.
Learn to pace yourself. A word of caution: good times can still be dangerous. When almost every trade you put in works and your account is growing rapidly, slow down. You don’t have the Midas touch. The risk now is overtrading. [...]

Taking a Loss

Taking a loss is not a pleasant task. No one likes to do it at all. If one is to be an active trader it will become necessary to take a loss from to time to time. It is inevitable that the necessity of taking a loss will face the individual trader.If the decision has [...]

Avoid Overtrading

Individuals addicted to trading are either losing money or about to begin losing money. Strategies that had been working for them will eventually work against them (part of the argument for flexibility in strategy). As the losses begin to mount, addicted individuals quit using strategy altogether and just keep on making trades, hoping for a [...]

Online Technology for Better Stock Trading

As a trader, you rely on the ability to get inbound information and send outbound messages. You must know the inside bid and ask at a very minimum. To execute an order to hit the bid or lift an offer, you must be able to send your order to your broker or place it directly [...]