Tag: position sizing

Once you learn the skill, noone can take it from you

Trading is hard. But it’s not something we think about much at first, because many books and videos leave the impression that it can be quite easy…

Life is poker, not chess

Wise words by Annie Duke, whose book “ Thinking in Bets ” I read and reviewed in the blog several years ago. What she means with this quote is that…

Tom Basso – Successful Traders Size Their Positions – Review

Beginning traders often underestimate the importance of position sizing. However, besides stop placement it makes a huge difference for risk…

All stocks are bad unless they go up in price

This is a quote from William O’Neil, a market veteran whose bestselling book I recently read. I’m going to publish a review of the book soon. But the…

Van K. Tharp – Trade Your Way to Financial Freedom – Review

First edition of the book was published in 1999, this one is the second edition and was published in 2007. In a quite long foreword already there are…

Always use the same risk size