Archives for June 2016

June 2016 - Page 3 of 28 - Money Morning - Only the News You Can Profit From

How to Increase Your Profits and Slash Your Losses on Every Trade

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I've spent more than 30 years teaching a diverse group of people of all backgrounds and experience levels how to trade profitably, whether they're making a bid for extra income, or financing new purchases, or planning for retirement.

As different as all these folks are, there's one constant they have in common that consistently thwarts the otherwise totally promising trades they've got on.

Emotion… More than any source of volatility that can throw markets into a tailspin, emotion is the killer. It forces people to walk – no, make that run – away from generous upside, or sends them hurtling into the path of steep losses.

And it's all the more tragic because it simply doesn't have to happen. That's right: These events aren't inevitable fate, they're mistakes.

But the good news is there are two steps to take to make sure these kinds of mistakes never happen. Even if you've already fallen victim to emotion in your trades, there's no need to do it again.

This technique is as simple as it is effective...