Monthly Archives: March 2022

by Steve Burns. You may think managing risk and position size is not needed because you will always be right, but in trading, literally anything can happen. Black Swan events are the new normal. You must use risk management to protect yourself through … Continue reading →

Trading for a living is a professional endeavor like any other. It requires a large amount of capital to go full time like any other business and the returns are irregular much like being a commissioned sales person. It is … Continue reading →

I was reading the book ‘The New Market Wizards’ by Jack D Schwager. In this book the author interviews some of the Super Traders.  One of the Super Traders is Randy Mckay a veteran futures trader in currencies. He is … Continue reading →