Trading and dieting are more similar than you think - both enjoy a 95% rate of failure.
📜 DEFINITION: Some prop firms have a consistency rule that states no single trading day can make up more than a certain percent of your total profit. This percentage varies by firm and can range from 30% to 45% 📊
Stock markets go crazy at least once a year. Having lived through more than a few episodes of volatility here are some lessons on how to trade volatile markets.
When trading gurus tell you that you should treat trading as a business, they couldn’t be more wrong. Trading is a business the way screenwriting is a business, the way painting is a business, the way poetry is a business.
With the markets going wild and the Dow tumbling 1,000 points, its time to review CME price lock limits. Think of these limits as guardrails on a wild trading road.
Trading is an inherently stressful profession, characterized by high stakes and rapid decision-making. The constant monitoring of market fluctuations and the pressure to make profitable trades can lead to mental fatigue and burnout.
The best Sylvester Stallone movie that you’ve never seen is called “Shade.” 🎥 It's about cheating at poker. The tagline is, “When betting is your life, leave nothing to chance.”
Trailing stops are a handy tool for traders to lock in profits while allowing their trades to continue moving in a favorable direction.
Margin trading allows traders to enter positions larger than their account balance by borrowing funds from their broker.
