The Rational Trader: No Data, No Edge… Why I Took a Hit Today — and Why That’s OK
JD explains why the economic calendar is key, how he managed risk on a tough trading day, and what traders can learn from thinking like a poker player.
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Tag: acknowledging mistakes
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My Misadventures on the SE
Trading without a game plan? Stephen Ground learned the hard way with his Sea Ltd. (SE) trade—from near disaster to a decent win. Here’s what he’ll do differently next time.
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Eaten up by earnings
Stephen Ground shares a personal lesson on trading earnings, highlighting the unpredictable nature of these trades and the importance of managing risk while listening to expert advice.
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I can’t believe I did this…
Editor-in-Chief, Stephen Ground shares a rookie mistake he made when placing a trade and the valuable lessons learned. A great reminder to always read instructions before executing trades!
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Trading is annoying
One of the things we preach all the time at ProsperityPub is having a thick skin. There can and will be losses in trading, but it’s easy to forget when times are good…
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Adventures in ThinkOrSwim
Back in eighth grade, my class took a big trip to Grand Teton National Park. It was sort of an “end of middle school extravaganza,” and, of course, everybody wanted to go.
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An Important (and Expensive) Lesson
After one of my biggest single-day losses of my trading career, I learned an expensive lesson. Thankfully, all’s well that ends well.
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