Home / Tag Archives: trade management

Tag Archives: trade management

What exactly is a “Strategy”?

We hear it all the time. I use this strategy or that strategy works best. But what really is a strategy? Is it a set rules, indicators, personal mental thoughts? Perhaps it’s a little bit of everything. Think about it. There can be one strategy with specific rules written down. And you can take 5 traders and instill those rules into they’re minds. However after a few weeks of trading, I can guarantee you that each one will have different results. And not because of simple variables like fill prices and entries and exits. The simple key is everyone has a different mental attitude and mindset going into trading. What I mean by mental mindset is that everyone deals with a certain level of emotion and also a certain level of trading ambition. Which simply translates to whether they are conservative or aggressive traders. Mentality like it or not plays …

Read More »