Analysis

Independent thinking – A quality to cultivate in trading

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…

Strategies

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…