Without proper risk management a trader goes bust sooner or later and likely it will be sooner. This presentation covers Stop loss (where, how, why); Position sizing; The 2% risk rule; The 6% portfolio rule; Managing fear and; Trailing vs. fixed stop loss
Emotional trading
I find that I swing between phases of great, consistent trading and phases of, well, not so great and relatively inconsistent trading. I’ve realised that it has a lot to do with what is happening in my personal life and how these things spill over into my everyday mind set. When things are good (or ...
Video: Psychology of trading (10/12)
In our 10th, IG Boot Camp Simon Brown, founder of Just One Lap, tackles the issue of psychology of trading, by far the most important part of trading. Trading includes; charts, setups, risk management, entries and exits. While this all happens the real issue is our head and where we’re at. Losing or making money does ...
Video: FX and index trading (9/12)
In this session of the IG Boot Camp, Just One Lap founder Simon Brown looks at index and FX trading. Things start to get real for traders as he explains how index and FX trading works as well as presenting two trading systems; the Lazy Trading System and another for trading news flow. For many ...
Video: A trading plan (3/12)
This is the third IG Trading Boot Camp presentation by Just One Lap founder Simon Brown. In this presentation, Simon talks about why it's important to always have a trading plan in mind. By the end of this presentation, you will know more about: A trading plan Traders Matrix Risk Trading journal How to measure success ...
Revisiting my trading plan
I’ve been tracking my performance for some time now and recently completed another full year of recording my trading statistics. I am sure most of you are aware that I have been having a bit of tough time in the market over the past three months or so, so I don’t need to elaborate on ...
The lonely trading game
Many times I have heard and read people saying that trading is a lonely profession. I never really understood it, although I think I am starting to understand it now. Even though there are groups of people who like to chat to each other, share ideas and support each other, at the end of the ...
Time, patience and perseverance in trading
Trading is a paradox. Everything about it goes against what we have been taught in school and by society. For example concepts like “it’s wrong to be wrong” don’t apply to trading. Trading is also, I am told, one of the most difficult skills to master. In fact, the most successful traders in history often ...
What makes a good trade?
Over the past few weeks the market has been rather tough, and trading strategies and plans were thoroughly tested. So naturally this whole ‘discipline’ thing has been at the forefront of my mind for some time now. Few things in life are as difficult as sticking to your own rules, hence all this blabbering about ...
The plan is to have a trading plan
I should rather say, the importance of having a plan that you believe in. This is a difficult concept to get across, maybe because I am merely a student and this is one of the concepts I am struggling with, but putting it on paper had proved to be rather more challenging than what I ...
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