We can generally find many qualities in successful traders, including discipline, patience, adaptability, independence, and mental toughness. You can work on several of them simultaneously, but one question remains — which one to prioritize? In other words, which quality should you cultivate the most to become successful at trading? Our answer is independent thinking. It’s Read More…
Month: December 2021
Optimizing Risk Management in Trading – Using the Kelly Criterion
There is no doubt that risk management plays a vital role in trading; it arguably separates successful traders from unsuccessful ones. Incorporating risk management in trading helps to eliminate bad trading habits such as fear, greed, clinging to losing trades, etc., and helps prevent you from losing most if not all your trading capital. There Read More…