Trading is about survival, not getting rich

Petri RedelinghuysLatest, TraderPetri

Trading is not a ‘get rich quick’ enterprise. It’s about controlling drawdown and defending your capital at all costs. Your job as a trader is to ensure that you and your capital survive long enough to take those extraordinary opportunities that the market presents.

Discretionary or system trading

Discretionary or system trading

Petri RedelinghuysImprove Trading, TraderPetri

Recently I had the opportunity to have another robust debate over a beer with ‘John who trades the ALSI’. I think I may have mentioned him before. In any case, as per usual the conversation was around trading and the different types of trading. And of course, which is better. I side with discretionary trading, ...
Trading goals

Update on trading goals

Petri RedelinghuysLatest, TraderPetri

I’ve written about setting trading goals and how those goals need to be different from ‘normal’ every day life goals. I want to spend a little more time thinking about that concept. Trading successfully is not about making large amounts of money quickly, or only ever making big winners. It’s about consistently managing to eek ...