Welcome to another issue of Traderwave Weekly, a trading newsletter where I curate the most useful trading articles on the internet to share with you.

Hope you will enjoy all these fabulous reads and apply those knowledge along your journey to become a proficient and profitable trader!


TECHNICAL ANALYSIS

 

Stop Loss Strategy: The Definitive Guide to Choosing One

Stop loss is one of the most vital tool to protecting a trader’s precious trading capital, so that he can take calculated risks and minimize opportunity costs to trade the best idea at any point in time. 

If you are already familiar with the usual pin bar and inside bar stop loss exit strategy, this article will be a good primer to the other more advanced ways to decide on a stop loss level

What is great about this piece of trading knowledge is that other than sharing with you the strategies, the author also shared with you the pros and cons of the difference stop loss strategies.


TRADING CONCEPTS

 

The Difference Between Great Traders And Good Traders

A good trader is able to generate good returns on his trades consistently but a great trader is someone who can generate great returns. 

If you have no idea what might be the key factor differentiating a good and great trader, this article might be able to offer you some insights to this topic. 

However, do note that not everyone has what it takes to be a great trader, just like there are so few top sportsmen out there. 

If you find it hard to do those things that are required of great traders, it might not be a bad idea to just stick to what you are able to do and still be a profitable trader.

 


WORDS OF WISDOM

 

My Story: How I Became A Technical Trader From Being A Fundamental Value Investor

There are often two competing school of thoughts with regards to making money in the financial markets; 

the fight between traders who believed that technical analysis is the holy grail to winning in the markets and investors who is adamant that fundamental analysis is the only way to be rich. 

Very few market participants are well-versed in both to offer an objective view to this century old debate

However, the author of this article offers a very refreshing insights to how he became a technical trader from being a fundamental investor (clue: he did not bash one over another), and I believe that anyone who is trying to profit from the financial market should have a read. 

 


 

If you find these articles I’ve shared useful, do share them with your friends by clicking the sharing buttons!

Philip Teo

Founder & CEO at Traderwave Pte Ltd
Philip Teo is an entrepreneur, speaker and trading coach who specialises in the field of Technical Analysis of the financial markets. He is currently the Founder and CEO of Traderwave Pte Ltd, a financial technology company that offers a web charting application to global traders. He has conducted many trading seminars and appeared on national television before. He is also currently an official speaker and trainer with SGX Academy. Learn more about him at his Google+ Profile, LinkedIn Profile and Facebook Profile

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