Talking Points Risk management should be considered prior to entering into a tradeNever risk more that 1% of your balance on any single trade ideaStop trading if losses amount to more than 5% in one trading day The final lesson scalpers must learn is probably the most important, risk management. The decision on how to manage risk can have a great impact on the bottom line of your account than deciding where your entry orders should go or even what time frame ...
Talking Points: Volatility is the measurement of price variations over a specified period of time.Traders can approach low-volatility markets with two different approaches.We discuss the Average True Range indicator as a measurement of volatility. Technical Analysis can bring a significant amount of value to a trader. While no indicator or set of indicators will perfectly predict the future, traders can use historical price movements to get an idea ...
I lived in Las Vegas for 5 years and played blackjack almost every day. I didn’t play for fun. It was strictly business. I never gambled by playing roulette or craps or slot machines. Every hand I played was based on the mathematics of it. My guide (to begin with) was a book called Playing Blackjack As A Business which detailed card counting and a computer-tested basic strategy. It’s somewhat out-of-date these days. Better guides can ...
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