Bo Yoder...if that name doesn't ring a bell then it means one of two things: 1. You've never been a major corporation in need of an expert consultant, or 2. You've never been to a Trader's Expo and learned from one of the best! I met Bo earlier in the year and have been following him like a hawk. Reading his awesome stories on trading and learning about his techniques. His latest is called Cash Bombing where he take a TINY account (like most of us have) and make it compete with the huge accounts. Pretty interesting to say the least and I've been watching him test and work it from the beginning. The article below is a great story that's compelling, challenging, and informative. Please enjoy the article, comment to Bo if you're going to take the challenge, and visit Cash Bombing to learn more from Bo.
In a conversation recently with my readers, I discovered that many of them were trading the forex markets with less then $5,000 in their accounts. This puts them at an extreme disadvantage as any serious drawdown with a traditional risk management model is likely to cripple or break their account.
This seemed like an interesting challenge to me...Could I create a trading strategy/system designed specifically to meet the special needs of the small account trader?
I spent some time thinking about this unique challenge and came up with a solution. A risk management program that I think could really help some of these financially challenged traders break out to a level of capitalization that would give them a real shot at trading success...
Continue reading "Take The Small Account Challenge"