February 6th, 2008

Play By The Rules

The best way to trade is by a set of rules. When the rules say to get in or out of the market, do it. Sure, you may have a few small losses, but when you get in and follow the signals by adding on at the proper times, then you will multiply your profits [...]

February 5th, 2008

Three Things That Give You An Edge

You need three things in your trading system to have the edge you are looking for: 1. Signals that give you distinct alerts for entry and exit points. 2. The ability to determine the direction of the trend, so you know which way to trade. 3. A system which allows you to time your entry. [...]

February 4th, 2008

Follow Your Trading Plan

Follow your plan. Once you have set your stops and take profit targets, trust your plan and leave them intact. If you don’t, you’ll never truly know if the plan you are using is indeed profitable or not. Learn to trade by some rules and over come your greed, fear, hope, and wishful thinking. When [...]

February 1st, 2008

Studying the Market-Don’t Get Paralyzed

With today’s tip I just want to reiterate the importance of having a trading system and a plan. With a good trading system you will be able to identify every aspect of a trade before you enter the trade. By doing this, trading becomes fun and a true adventure. You also will learn from your [...]

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