Whether you’re a full time or part time trader, whether you’re just getting started or have been doing this for years, the following topic is fundamentally important. It’s amazing how little is being discussed about having different trading and investing buckets. There will obviously be different strategies based on the time frame you’re looking at. We all know day trading is vastly different from investing.
Serge recommends three different buckets. Bucket one would be for day trading, bucket two for swing trading, and bucket three for investing. In essence, each bucket is its own account. The reason for this is because without this separation, you have no clue where the risks are in your portfolio, and you don’t know where the performance is coming from. If you’re interested in more tips like this, head over to thesteadytrader.com and sign up for the free daily email.
What You’ll Learn:
The psychology behind having different buckets.
The difference between trading and hedging.
How to decide how much to allocate to each bucket.
And much more!
Favorite Quote:
“There is lots of psychology involved in trading and investing.” -Serge Berger
