Trade Alert
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Author: Wanderer
Trade Alert
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Trade Alert
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Trade Alert
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To access this post, you must purchase Wanderer Financial Annual Subscription.
Trade Alert
Sorry, you must be a subscriber to view this content.
To access this post, you must purchase Wanderer Financial Annual Subscription.
Trade Alert
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To access this post, you must purchase Wanderer Financial Annual Subscription.
Trade Alert
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Trade Update
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Risk Management — Loss Aversion
Loss aversion is the well known phenomenon that explains why our brain assigns more negative weight to losing $100 than it does positive weight to a $100 gain. Because of this we find ways to avoid accepting the loss. In trading we tend not to consider a trade a loss until we actually close it[…]
Using Stops to Manage Risk
At Wanderer Financial we harp on the absolute necessity of a trader to strategically manage their risk when trading. There’s a reason we do that—risk management is the number one thing that separates who will earn a living from trading and whose account will dwindle their way straight out of the business in a year.[…]