(Last Updated On: May 1, 2018)

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!


TRADING BEST PRACTICES

 

How to Cut Losing Trades Short

If I have to pinpoint a certain action (or the lack of) that causes most traders and investors to be unprofitable over the long run, it has to be because of this reason: 

The inability to cut losing trades or investments earlier before the trade soured beyond hope.

It is hard enough to understand the importance of cutting losses, not to mention how to execute this action in a disciplined way. 

If you are already aware of how important loss cutting is but has problems implementing it, this article should be very helpful for you. 

In this article, the author shared three important actions that you can take to help you be more likely to cut your losses. 

So dive in and absorb the learnings right now!

 


TRADING STRATEGY

 

Is Backtesting Really Necessary For You To Trust Your Trading Methodology?

Have you heard the teaching that backtesting is crucial to helping you identify a money making trading system? 

Many gurus often preached that their trading strategy has been backtested in a stringent manner to ensure that the probability of making money is extremely high. 

However, does a highly optimised trading strategy based on backtesting really mean that it will continue to make lots of money in the future? 

In this article, the author shared his belief that backtesting might not be as crucial as what some gurus made it out to be. 

As long as you are using a trading strategy based on a robust trading principle with an edge, you should be confident enough to apply it in the market. 

Read on to learn how he goes about implementing this!

 


WORDS OF WISDOM

 

The Man Behind Quantum Fund: George Soros, His Philosophy And Mindset

George Soros is one of the best hedge fund manager of all time. 

He is famously referred as “The Man Who Broke the Bank of England” because of his short sale of US$10 billion worth of Pound sterling in 1992. 

That bet of his netted him a profit of $1 billion during the 1992 Black Wednesday UK currency crisis. However, that was not his only profitable bets. 

Throughout his career, he continued to make more than $40 billion since his fund inception in 1973 till the year 2013. 

So what were some of the key factors that helped him become such a highly successful hedge fund manager

Read on to learn to learn his trading wisdom!

 


 

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