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How to Trade
Order types, position sizing, execution costs, and the discipline that keeps a plan intact when the market disagrees with it.
- 01Position sizing: the decision that precedes every tradeMost discussion of trading concerns what to buy. Far less concerns how much. Yet the size of a position determines how much a wrong call costs you,…
- 02Order types and what each one actually promisesAn order is an instruction to your broker. Each type trades certainty of execution against certainty of price, and confusing the two is a common and…
- 03Execution costs: spread, impact, and the price of impatienceCommission-free trading did not make trading free. The remaining costs are less visible and, for active accounts, usually larger than commissions…
- 04Writing a trading plan you will actually followA plan written in calm conditions is the only reliable defence against decisions made in stressful ones. The plan need not be long. It must be…