O'Reilly logo

An Inside Look at Trading in Today's Markets (Collection) by Alexander R. Webb, Robert I. Webb, Mike Bellafiore

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

12. Developing a Trading Game Plan

“Plan your trade and trade your plan.”

—Trading adage

“It was the change in my own attitude toward the game that was of supreme importance to me. It taught me, little by little, the essential difference between betting on fluctuations and anticipating inevitable advances and declines, between gambling and speculating.”

—Jesse Livermore

In the popular imagination, trade identification is more important than risk control. Yet, most successful traders argue the opposite. Before you start to trade you should first identify your trading edge, because knowing where your comparative advantage is helps determine the types of trades you enter. You should also decide how you will make your trading decisions. Are you a ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required