February 27th, 2010

Correcting A Misguided Thought Process 7 of 7

We have gone over some guidelines to help keep our thoughts about trading clear and on track.  We have talked about:
Having a trading system and a set of rules.
Using trading capital that will not have an impact if it is lost.
Develop a win-loss ratio
Good money management
When we lose it can trigger negative emotions.  You can [...]

February 20th, 2010

Meta Trader 4 Platform Quiz

Do you know what these terms mean?
Waiting for Update
Trade Context is Busy
Bid – Ask
MT4 charts are bid charts
Margin
Waiting for Update
“Waiting for Update” is a common message with a new account or when switching between a mini
and a standard accounts. There is an easy solution. Go to the Market Watch window, left click
and hold down the [...]

February 13th, 2010

When should I Review My Trading results? 6 of 7

How much of my account can I lose before I go back to demo trading and review what I am doing wrong.
We have heard from 10% to 35% draw down before you should stop trading and analyze what is happening.
We lean to the 10% area.  You will have to decide what is right for you.  [...]

February 6th, 2010

Is It The Market OR Are You The Problem?

Do you find yourself hesitating to pull the trigger on trades, and when you look back you say,
I could have made a lot of pips on that one if I had only.
Do you still leave trades on hoping they will come back.  You know the “blowout trades”
that take all of the money you just made, [...]