Don’t Put All Your Eggs Into One Basket
…you know the old adage. Diversification is key – not only to sustain your profits but also keep your sanity in the day trading markets.
In this installment of our NetPicks Free Educational Webinar Series, we’re going to tackle this subject head on.
We all know as long term traders that diversification is important, and that it is necessary to prevent wild swings in your account size. Most long term investors employ some form of diversification, but many day traders do not. Specifically, we’re going to cover…
- How even profitable trade plans experience drawdowns and periods of loss, and how this often has the effect of shaking traders out of the plan… and tell you how this situation is AVOIDABLE.
- How the addition of even just one or two additional trade plans can greatly improve your equity curves.
- How to select different trade plans and point to a couple of resources available to assist in selecting different markets.
- How to find the trader’s ‘Holy Grail’ through Diversification.
Our goal is that through learning all of the above will instill a greater confidence in your trading, and help fight the psychological battle that all traders, and in particular day traders, face each day.