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Risk Management in Trading

We thank Alexander Nixon for writing this post on Risk Management in Trading Risk Management in Trading Risk management is a necessary but often overlooked requirement to successful trading. The usual scenario is that traders prioritize finding accurate entry signals before learning the basics of risk management. However, this leads to financial failure. Investopedia reports that an estimated failure rate of 90% happens when trading. Business insider documented that 4 out of 5 day traders around the world lose money. Only 1 in 100…

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similarities between psychology and risk assessments

The ability to distinguish between different terms is a prerequisite for the acquisition of accurate knowledge, including loss prevention knowledge. Without this capacity, confusion is virtually inevitable. More generally, several words and concepts in loss prevention underscore the necessity of acquiring a specialist vocabulary making fine differentiation among seemingly related but conceptually distinct concepts. As you probably noted the paragraph above is not our writing style. As a matter of fact we only have slightly adapted the conclusion of a…

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Opportunity, experience, learning from mistakes and regrets

Opportunity, experience, learning from mistakes and regrets come up in many conversations. Examples generally start with a IF: I had known what I know now. It would be possible to start over again. A second chance would be possible. It seems like we really firmly believe we can learn from prior mistakes. We can absorb lesson learned and profit from them. However, there is abundant evidence that is not the case. We tend to repeat patterns, even if we know they…

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Unrealistic risk assessment describing a rosy scenario

Keystone pipeline has spilled substantially more oil, and more often, than indicated in the risk assessments the company provided to regulators. But why and how a common risk assessment becomes an unrealistic risk assessment describing a rosy scenario? Indeed what regulators saw in the pre-construction project risk assessment was reportedly the following. “A spill of more than 50 barrels will occur “ not more than once every seven to 11 years over the entire length of the pipeline in the…

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