About Day Trading: When is it Okay to Lose $1,000?
 | from Adam Milton
This week's day trading newsletter includes some more trading psychology information. If this interests you, congratulations, you are on your way to becoming a professional trader. Conversely, if you think that you don't need to read this, you should start thinking about a different career. The newsletter includes: - a discussion of handling losing trades and losing days, - the description and calculation of the break even percentage, - and the weekly economic calendar with volatility expectations. Good trading everyone :-)
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In the Spotlight |
When is it Okay to Lose $1,000?
Beginning traders tend to get very upset when they experience a losing trade, and while this is a natural reaction, it is counter productive to profitable trading. Due to the way that our society functions (i.e. we all need money to live), the emotion that is associated with losing any amount of money is very strong. If this emotion were positive for trading, it wouldn't be a problem. Unfortunately ... find out when
| | Calculating Your Break Even Percentage
The break even percentage is a calculation that identifies the ratio of winning and lossing trades that gives a break even profit / loss. More specifically, the break even percentage shows the number of winning trades that are required for a trading system to neither make nor lose money. The break even percentage is a useful calculation because it can be calculated quickly, and immediately shows which target and stop loss combinations can be profitable ... find out how
| Economic Calendar with Volatility Expectations
This week's economic calendar includes many news releases from Europe, several news releases from Asia, and a few news releases from the US. All three regions have some high volatility news releases, so all of the world's markets should experience some decent price movement at some point during the week ... view the calendar
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