Dec 30: Steal Warren Buffet`s Stock Market Lesson Plans? - System Trading Blog

Why should you want to steal someone else`s stock market lesson plans?

First, let me tell you that a trading plan is only useful if you follow it. Following your plan will make you successful, yet many traders circumvent the stock market lesson plans that they have carefully created. They become emotional invested in a trade, to the point where they ignore all warning signs. Remember, when the market corrects itself, which it always does, no position is immune, no matter how strongly your ego may be tied to it..more..

Dec 29: How A Million Dollar Currency Trader Sets His Stops: Underhanded Tips and Tricks - System Trading Blog

When a currency trader understand that it is important to set stops on all their positions, they often don`t know where to set them. As a currency trader, how close should a stop be to price of the position they are entering? Should they be tight, set quite close to the price, or a little looser? What about trailing stops? Here are some factors to consider that will help the currency trader decide where to place your stops. Not every one of these applies to every trade, but the ones that do will give you some useful guidelines...more..