Five: If You Can Picture It You Can Create It
By seeing a trade develop you can see in your mind a win or a loss. Also in the markets can be seen what self-destructive behavior may impair your trading. When the price is moving in front of you, you start to anticipate what the market will do. When traders enter the market they need [...]
July 23rd, 2008Four: Think Of Trading As Points And Percentages
We talked about the amount of risk a trader has in the market now it is time to talk about how you feel about money. If you have a big attachment to money then it will cause a big emotional strain when you lose some of the money. One of the hardest things a new [...]
July 22nd, 2008THREE: Start Out Small Then Add On
One of the biggest mistakes a trader can make is to over trade their account. They can trade too much of their account or have two much on one trade. The more a trader puts on one trade the more emotional energy they use. Eventually they could blow up their account and have to start [...]
July 21st, 2008TWO: A Trading Plan, Having and Using
Trading any of the financial markets is a one on one activity. If someone is going to do it for you it is you. You will need to follow a trading plan and guess who is going to have to write that trading plan. You can get examples of how to construct a trading plan [...]
July 18th, 2008ONE: What Trading Really Is
When we trade properly we need to know that we are using the law of probabilities. When you go to any gambling place you are playing with probabilities. The thing you already know is that the probabilities are in the favor of the house. When you use a trading system you are putting the advantage [...]
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