1 min read

The 4 Reasons Why Only Losing Traders Trade Without A Stop Loss

Go on any website, trading forum or listen to traders talk on social media and eventually the conversation drifts towards trading without a stop loss. Amateur traders see their stop as the thing that works against them and so they try to come up with reasons why trading without a stop loss will make them better traders.

Needless to say that it usually ends in a disaster. Trading without a stop loss will keep you from making improvements as a trader. Trading with a stop has so many benefits and by understanding the dynamics of a stop loss order in combination with other trading components, a trader can easily find several ways how to tweak and adjust his trading performance.

Last week we published an article on Edgewonk.com about the 4 reasons why trading without a stop loss will keep you from making improvements. You can read the full article by clicking on the link below.

The 4 reasons why trading without a stop loss should be avoided at all costs

4 min read

How to Review Your Trading Data - 6 Simple Steps

Have you ever reviewed your trading journal and felt lost? Many traders struggle to identify patterns and make sense of their performance. But what...

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A Year with "The Trading Mindwheel": Transforming Trading Through Psychology

The following is a guest post from Michael Lamothe.

I'm Michael Lamothe, and today marks an extraordinary milestone: the first anniversary of "The...

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Why Every Trader Needs a Trading Journal (10 Reasons)

It's easy to get discouraged by losses and question your every move. But what if there was a way to track your progress, learn from mistakes, and...

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