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Riches in Trading

Published on Dec 26, 2015

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1.

Riches in Trading

Everything You Ever Thought Was Wrong
2.

Lie: No One Went Broke Taking Profits

Photo by Franco Folini
3.

Wrong

Add Not Subtract from Profits
4.

Lie: Make a Few Big Bets

Be Certain...and Bet Big
Photo by World Poker Tour
5.

Wrong

Small Bets, Because Big Losses Kill
Photo by lionel.roubeyrie
6.

Lie: Broker is on Your Side

Wants you to make money
Photo by CarbonNYC [in SF!]
7.

Wrong

Brokers are now Ladbrokes, not Middle-Men
Photo by IanMurphy
8.

Lie: Brokers Don't Price Fix

They Have To Give You a Fair and Honest Price
Photo by GotCredit
9.

Wrong

You Lose = Broker Wins
Photo by WilliamMarlow
10.

Lie: Your Money Is Safe With a Broker

They're Regulated
Photo by EuroCrisisExplained.co.uk
11.

Lie: It's Important To Be Right

Right = Rich
Photo by Leo Reynolds
12.

Wrong

It's Important to Make Profits
Photo by 401(K) 2013
13.

Right Losers & Wrong Winners

  • Right: 9 x 10
  • Simple - no Stop Loss
  • 10th time lose all profits
  • Right: 4 x 10
  • Profitable because small losses so wrong often, but big profits
14.

Lie: Need to Watch Markets All The Time

Academy; Home Study; Four Screen
Photo by karlnorling
15.

Wrong

Trading Has Evolved
Photo by kevin dooley
16.

Lie: Leverage is Good

Click to add more text here
Photo by Sylvain Bourdos
17.

Wrong

Most Profitable Use the Least Leverage
Photo by stevendepolo
18.

Lie: Risk 1% of Capital Per Trade

Click to add more text here
19.

Wrong

Don't Risk A Sleepless Night
20.

Lie: A Winning Strategy Tells You When To Buy & Sell

21.

Wrong

  • When to take a loss
  • How much to bet
  • When to add to a profits
  • How to automate
  • Something you can follow eg mobile
22.

Lie: Winners Trade For Years

23.

Wrong!

  • True if macroeconomics eg trade news
  • False if automate
24.

Lie: Specialise

Photo by Me2 (Me Too)
25.

Wrong: Diversify - time; currencies; directions

Photo by 401(K) 2013
26.

Lie: A Good Strategy

  • Always Picks Big Wins
27.

Wrong

80% of Profits come from 20% of Trades
Photo by tominvest

Alpesh Patel