Dave Gagne - Trader, Author, Coach

Trading & Investing Tips, Tricks and Reviews

4 November 2010 2 Comments

Reward to Risk Explained – Pt3

Reward to Risk Explained – Pt3

In part two of the Reward to Risk series I demonstrated how to calculate your risk multiple. Now in the final part of the series I  want to demonstrate how you’re winning percentage and your reward to risk multiple works as a team to help you reach your trading goals.  Okay, I want to warn [...]

29 October 2010 3 Comments

Reward to Risk Explained – Pt2

Reward to Risk Explained – Pt2

In part 1 of the Reward to Risk series I covered what “risk” is and the 3 components you need to calculate your reward to risk ratio. In this article you will learn how we’re going to calculate this multiple. The risk, in this context is simply the difference between your entry price and your [...]

26 October 2010 3 Comments

Reward to Risk Explained -Pt1

Reward to Risk Explained -Pt1

In this lesson we’re going to discuss reward to risk. What exactly is reward to risk? Well, quite simply, it’s a ratio that determines how much money you intend to make versus how much money you intend to risk on any one trade. This seems like a simple concept and most people use it in [...]

11 October 2010 0 Comments

Trading Psychology – Controlling Emotions -Pt2

Trading Psychology – Controlling Emotions -Pt2

Is there an idiot inside of you right now that’s making decisions for you?  Now, that’s kind of funny and I just want you to think about this for a second.  Every day we have 60,000 thoughts.  We have this inner voice inside of us that is constantly talking to ourselves and we’re always asking [...]

8 October 2010 2 Comments

Trading Psychology – Controlling Emotions Pt1

Trading Psychology – Controlling Emotions Pt1

Watch the video at the bottom of this post! The cold hard truth is this:  You are your own worst enemy in trading.  There.  Now you know.  Maybe you sort of knew this.  Maybe you’ve been sort of ignoring this fact or maybe you’ve been blaming the ‘big, bad market’ for stepping on you all [...]