Position sizing, percentage risk, stop losses, and daily loss limits — the unglamorous skills that determine long-term survival in the markets.
I have a confession. About once a year, I trade Coinbase. I know better every single time. I trade it anyway. And every single time, it costs me. Not because COIN is a bad company. Simply because it is one of the most uniquely dangerous stocks for someone with my trading style, my account size, … Read more
Placing stock trades without much thought can lead to some pretty jarring surprises, especially if you fire off a market order in a fast-moving stock. I use limit orders almost exclusively when buying or selling stocks because I want absolute control over what price I pay or receive. There are many reasons to use a … Read more