Monthly Archives: February 2020
How to develop a trading plan
Written on February 17, 2020 at 2:43 am, by lishitong
Why a trading plan is important When trading, as in most endeavors, it’s important to start at the end and work backwards to create your plan and figure out what type of trader you should be. The most successful traders trade to a plan, and may even have several plans that work together. Always writeContinue Reading
How to efficiently managing risk
Written on February 16, 2020 at 3:01 am, by lishitong
Any analyst or trading guide will tell you how important it is to manage your risk. However, how does one go about managing that risk？ And what exactly do they mean by managing risk？ Here is a step-by-step guide to one of the most important concepts in financial trading. 1. Determine Your Risk Tolerance ThisContinue Reading
How to use order manage risk
Written on February 15, 2020 at 2:59 am, by lishitong
Orders can be an effective tool to help you better manage your risk and should always be considered as part of your overall trading strategy. While orders can have a critical role in helping you to achieve your trading goals they cannot necessarily limit your losses. Protective orders should always be placed when you enterContinue Reading
