Stock Trading University

There are many position sizing techniques in the trading world, but today I will focus on the "Risk Percentage" technique.

There really is a science behind position trading that, if used properly, can optimize your trading profits and protect you from catastrophic losses.

Position sizing is extremely important as it one of the primary methods that you can use to maximize your gains and to prevent your trading losses from wiping out your account.

As a full-time trend trader, I can tell you that the trading lifestyle is wonderful. As a trader, I can work from anywhere and I get to work when I want. However, the key to being able create this lifestyle is discipline.

Change your perspective to conquer irrational fears.

The key to overcoming fear in trading is to develop a trading plan and stick to it.

Fear is a destructive emotion that clouds our judgment when trading and its presence is a clear indication that the trader has failed to stick to, and internalize, his trading plan.

Olympic athletes know the power of controlling their thoughts. Likewise, successful day traders, swing traders, and position traders believe in their abilities. They believe they will succeed and expect success.

From my personal experience, I have found that nearly every trader who fails to earn consistent profits in the markets lacks two very important keys for trading success.

In this session, I want to provide you with a simple piece of advice, especially if you are just getting started as a trader: Beware of stock market message boards and chat rooms.