Trading is about survival, not getting rich

Petri Redelinghuys Latest, 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.

Trading goals

Update on trading goals

Petri Redelinghuys Latest, 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 ...