This entry was posted on Tuesday, May 6th, 2008 at 10:02 am and is filed under General, Trading Skills. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Vince rants today about letting “so called professionals” manage your assets. A graduate of Online Trading Academy recently trusted the well know “candlestick man” and has lost 72% of the investment.
In this segment, Vince welcomes Director of Education, Mike McMahon to the show. Mike talks about people getting down the mechanics of trading and how practice leads to profits.
Vince and Mike talk about how draw downs will affect your account balance and applying good risk management techniques. Many traders make the mistake of jumping from stock to stock or market to market and continue to make the same mistakes.
Mike makes suggestions for those trying to learn how to manage trades and how to develop a trading style. Vince wraps it up and talks about the upcoming MoneyFair.
Here is the entire show and all of our past shows here.
Leave a Reply
You must be logged in to post a comment.
