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Carl’s Quick Tips – #1

Posted by carl on March 17, 2010 · Leave a Comment 

1. FUNDING YOUR ACCOUNT

Anyone who funds a trading account using money they really cannot afford to lose is setting themselves up for disaster. Trading with “scared money” immediately puts you in a mindset of trading out of fear and emotion, rather than calm and logic. In particular, if you are a novice trader, you should begin trading by committing only a small portion of your total investing capital per trade and always to make use of “stop loss” orders to minimize losses. This will enable you over time to gain the experience necessary for profitable trading and to increase your level of confidence.

Filed under Carl's Tips · Tagged with Carl Christie, trading tips

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