Risk Management

Risk management is a big part of trading, after all, if you lose your capitol, you don't have anything to trade with. Brandt over at Trade-Guild has a great blog entry on methods of managing risk. There are books and resources available on the net that you can also read on this topic. The Canadian markets are not as liquid as the US markets, so extra care should be taken.

I was entering my trades as Stockalicious but they don't allow options or Canadian markets so I don't have much use for it since I have now begun to incorporate the Canadian markets. It's great for us "at work" traders since it allows you to quickly check your trades performance, even from your blackberry.

BTW, if you read this blog and you think you might find it useful, please drop me a comment.