Risk Management & Psychology
Risk/Reward Ratio: The Math Behind Every Trade
The risk/reward ratio (R:R) of a trade is the ratio of expected gain to risked loss, defined per trade as (target − entry) /…
Risk Management & Psychology
Risk Management & Psychology
Trading Psychology: Fear and Greed
A client came to see me in March 2009. He was 58, three years from his planned retirement, and he had just sold his…
Famous Traders & Investors
Jesse Livermore: The Boy Plunger of Wall Street
November 28, 1940. Sherry-Netherland Hotel, East 59th. Livermore finishes two old-fashioneds in the cloakroom, walks to the men’s lounge, and shoots himself. The note…