risk management

New York Traders Expo Interview #3

In this video, Stuart McPhee conducts an interview at moneyshow.com video network. Usually, Stuart talks a lot about having a trading plan, and one of the most important things is the psychology of trading which most traders are not using it. The last thing that people consider when they start trading is how their mind will play a role in their trading success. In making mistakes and losing money our mind plays the most important role. For the success is the same. We make so many things from instincts and we evolved through many years based on our instincts. But in trading you cannot do that.

Trading Risk Management

In this video, Stuart McPhee talks about how you can briefly about handling the difficult times in trading. He presented at the New York Traders Expo in the United States on Sunday 22nd February 2009. He says that he visited back in 1998 the World Trade Center and now he is remembering how beautiful it was. It is a very emotional place to be and it remembers him of trading. Situations like in World Trade Center case allows you to put things in two perspectives, how do you deal with situations where things don't work, when you lose money.

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