I’m Riding a Losing Trade. What Should I Do?
In this article from gotforex.com’s newsletter you will find out how to handle some of the frustrations of having a loosing trade.
QUESTION OF THE WEEK:
I’m riding a losing trade.
What should I do?
by Corbin Layton and Rob Booker
Have you ever said to yourself, “Well, going long (or short) the EUR/USD looked good at the time I [...]
Part 2 of 2
This is the second part of a great article we introduced yesterday about your emotions and the psychology of trading. Sometimes not trading is the best trade of all. Read on. The GotForex Weekly Newsletter by Rob Booker Are you currently experiencing unusually large gains? Here are some thoughts. There is nothing quite [...]
November 13th, 2008More PMA!
“History will be kind to me for I intend to write it.” -Sir Winston Churchill This is what we all should be doing! Taking charge of our own futures and not let the world decide for us what it will be. Pick five things in your live that you can change today, this week or [...]
November 12th, 2008Part 1 of 2
This is a great article about your emotions and the psychology of trading. Sometimes not trading is the best trade of all. Read on. The GotForex Weekly Newsletter by Rob Booker Trading currency is risky. You can sustain the total loss of your trading capital. In the midst of one of the most volatile [...]
November 11th, 2008More of What We All Need To Hear
Unless a person has given their all, and what I mean is everything they have in them and about them, should they ever think if quitting. Winston Churchill made it clear when he said, “We shall not fail or falter; we shall not weaken or tire. Neither the sudden shock of battle nor the long-drawn [...]
November 10th, 2008Just Because You Can Pull The Trigger Does Not Make You A Good Shot
Knowing where, when, why and how to shoot makes all the difference. Trading is no different! "A vote (choice) is like a rifle: its usefulness depends upon the character of the user." -Theodore Roosevelt an Autobiography, 1913
November 7th, 2008Face the Fear And Do It Anyway!
Early on the biggest frustration that I had personally as a trader was getting caught up in the fear of losing a trade. It use to eat me up inside almost to the point of mental paralysis. Once in this mind set it would keep me out of a trade that was good and keep [...]
November 6th, 2008Hedging: A Cool Newsletter
This is a cool newsletter about hedging. This is the same way we feel. Thought you would like it also.
Question of the Month: What is hedging, Rob? How can it get me closer to my dreams of poverty?
The GotForex Weekly Newsletter
by Rob Booker
If you like [...]
Chasing the Illusive Moby Dick!
What I have seen that is a problem in this day and age and especially in the trading world is the addictive pattern many find themselves in called “chasing Moby Dick”. This is a plague that gets more people in trouble than any other trading challenge. The signs are as follows. The trader is [...]
November 4th, 2008Be A Doer-Trade Well!
"It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs [...]
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