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Imperial Library
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Index
Foreword
Introduction
Part I: Managing the Mind to Stay in the Game
Chapter 1 A good trade is taken with complete confidence and follows your trading method; a bad trade is taken on an opinion.
Chapter 2 A good trade is taken with a disciplined entry and position size; a bad trade is taken to win back losses the market owes you.
Chapter 3. A good trade is taken when your entry parameters line up; a bad trade is taken out of fear of missing a move.
Chapter 4 A good trade is taken to be profitable in the context of your trading plan; a bad trade is taken out of greed to make a lot of money quickly.
Chapter 5 A good trade is taken according to your trading plan; a bad trade is taken to inflate the ego.
Chapter 6 A good trade is taken without regret or internaly conflict; a bad trade is taken when a trader is double-minded.
Part II: Creating a Robust Methodology
Chapter 7 A good trade is based on your trading plan; a bad trade is based on emotions and beliefs.
Chapter 8. A good trade is based on your own personal edge; a bad trade is based on your opinion.
Chapter 9 A good trade is made using your own timeframe; a bad trade changes timeframe due to a loss.
Chapter 10 A good trade is made in reaction to current price reality; a bad trade is made based on personal judgment.
Chapter 11 A good trade is made after identifying and trading with the trend; a bad trade fights the trend.
Chapter 12 A good trade is made using the trading vehicles you are an expert in; a bad trade is when you trade unfamiliar markets.
Part III: Managing Risk to Stay in the Game
Chapter 13 A good trade risks only 1% of total trading capital; a bad trade does not have a set amount of risk.
Chapter 14 A good trade risks $1 to make $3; a bad trade risks losing more than it plans on making in profits.
Chapter 15 A good trade follows a trading plan even during draw downs in account equity; a bad trade is a big trade made to quickly get even after a string of losses.
Chapter 16 A good trade has a limited downside but an unlimited upside; a bad trade has unlimited risk and a limited profit.
Chapter 17 A good trade has an optimum position size for that trade setup; a bad trade is based on feelings, financial need, or confidence in a trade.
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