V. 21:1 (44-48): The Profitís In The Details by Bryan Babcock

V. 21:1 (44-48): The Profitís In The Details by Bryan Babcock
Item# \V21\C01\010PROF.pdf
Availability: In Stock

Product Description

The Profitís In The Details by Bryan Babcock

Minimize the effects of greed with the trader profit equilibrium equation.

For many traders, success always remains just around the corner, just a step away. All too often traders allow one bad trade to ruin their day. Or perhaps one bad day ruins the week or even the month. These are symptoms of a trading strategy that, while it may appear to have what it takes for a successful strategy, is doomed to fail.

Most traders focus their energy on the trade setup or entry, concentrating too little on actual trade management or the exit. They want to hit a home run on every trade, even when that means giving up base hits that would win the game. Rather than address this problem by always entering a trade with a preplanned exit strategy, these traders neglect to develop their methods, or postpone the task indefinitely. Many new traders fail because of greed ó that powerful emotion that leads to errors in discipline, money management, trade selection, risk management, and profit management. I will present a statistical model for success called the trader profit equilibrium equation, which minimizes the effects of greed on the decision-making process. The model is based on profit management and can be applied to most trade selection systems. It is designed to help you manage your position after entry.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order