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Trading With Scared Money

“In the market, the fear of losing one’s fortune is every bit as intense as the fear of losing one’s life from an attack by a wild animal. I don’t think I could put the difference between consistent winners and everyone else more simply than this: The best traders aren’t afraid.” Mark Douglas – The Disciplined Trader.   Scared Money is, simply put, money that you should be using for something else other than trading. This might...

Locate Shares Of Hard To Borrow Securities

Both the Sterling Trader Pro and DAS Trader platforms we offer have an integrated locate monitor where you can locate shares of hard to borrow securities. Clients can also contact us to request a locate via instant messenger on Symphony or via the live chat feature on our website, www.cobratrading.com , as we have multiple sources for borrows and the locate tool does not yet encompass all of these sources. [vc_empty_space][vc_column_text] Locate fees will typically run between 1 and...

Are You An Undisciplined Trader?

“Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.” -Pablo Picasso Know this: A winner against your rules is really a loser. One of the worst things that can happen to a trader is to win on a move that goes against his/her trading plan. When you are undisciplined and are willing to go...

Five Things to Consider When Comparing Brokerage Firms

Whether you’re a new trader looking to get started, or a seasoned investor searching for a new home, the task of finding a brokerage firm is rarely an enjoyable one. Sure, there are some common priorities which spring to mind immediately (i.e. investment options, reputation and regulatory memberships, insurance on deposits, etc.) but there are other factors involved which can be equally important. In this post we’ll explore some of these other variables which may...

Why Keep a Journal of Your Trading and a Free Template

Too often we hear from struggling traders who ask what they can do to improve their trading. The questions I always ask in response are, “Did you follow your trading plan?” and “What trades are, or aren’t, working for you?”. We discuss trading plans in a separate blog post, but a trade journal is a separate and equally necessary tool in your trading arsenal.   What is a trading journal? A trading journal is a tool used...

Proper Money Management: A Key Part Of A Day Trading Plan

There are two key components of any trading plan; money management and risk control. The two are significantly different, but both are equally important in the protection of a trading account balance. Money management is, simply put, the amount of money a trader is willing to place on each trade. Risk control can be achieved by utilizing the settings which accompany any good trading platform and can help prevent a trader from the risk of...

Setting up Hot Keys on Sterling Trader Pro – Online Trading Platform

Hot keys are an effective way for traders to minimize the time it takes to place an order and send it to market. The Sterling Trader Pro platform includes customized hot keys, in which you define the intended action of the hot key, along with all the refinements involved with that specific action. There are also a number of pre-set hot keys available for order entry actions as well as some non-order entry actions (e.g., Set Link...

Simulated Day Trading vs. Real Day Trading

Have you ever considered day trading? Or, if you are already an active day trader, do you remember when you first started? Active traders often mention the thrill and excitement of trading, balanced by the uncertainty and hope for profits. Trading often provides a rush that is difficult to put into words.   For those of you who are thinking about starting to day trade, a first logical step is to develop and stick to a trading...

WELCOME TO THE COBRA TRADING ONLINE TRADING BLOG

Welcome to the new Cobra Trading blog and our inaugural post! We feel that the addition of this space will allow Cobra a unique opportunity to share news, updates and market related content on our website.   We aim to bring you a new blog post every week as a way of sharing our thoughts, opinion and “hopefully” knowledge about subject matter pertaining to trading and the markets in general. One week our post may be about...