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Welcome to My Trading Room, Volume III by Jacques Magliolo

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CHAPTER 1

Portfolios of Professional Traders

We must free ourselves of the hope that the sea will ever rest. We must learn to sail in high winds.

—Aristotle Onassis (1906–1975)Shipping magnate

Strategy to Professional Status: Part I

Aim

To establish your Various Portfolios Before you start to Trade

image

Three Specific Portfolios

The preceding figure sets the scene for building a set of portfolios that should replace any speculation, specific shares influencing the overall portfolio, and more importantly, enables emotion to be largely removed from the equation.

Portfolio 1: Foundation of Wealth

Nearly all novice traders who come to me to join my share ...

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