5 of 10: Lack of Performance Analytics
Awareness # 4- Lack of Performance Analytics Traders have the account history to monitor what they have done on their trades but they lack the discipline or knowledge on how to use this information. We like to suggest that you take blocks of 20 trades to analyze. Once you have completed the first block keep [...]
November 26th, 20084 of 10: NO-RISK Control
Awareness # 3- NO-RISK Control Examples of no risk control are: jumping out of an airplane at 10,000 feet without a parachute, going scuba diving without air in your tanks, or going bungee jumping with out a bungee cord. Trading with out any risk control will have the same disastrous out come. To have a [...]
November 25th, 20083 of 10: Let’s See What Happens Trading
Awareness # 2- Let’s See What Happens Trading There is NO penalty for just putting on any trade at any given time in a demo account. Because there is no penalty when demo trading a trader can fall into the habit of not putting on a stop loss, not managing the trade, and just letting [...]
November 24th, 20082 of 10: Trading The Big Dollar Moves
Awareness #1- Trading The Big Dollar Moves When trading, how does a trader know which move is going to be the big move. They don’t. Trying to catch the big trades alone to get rich quick is a destructive habit. A trader should take all good signal trades. By doing this, they will make a [...]
November 21st, 20081 of 10: Take Demo Trading Seriously
We are about to begin a 10 post series that we are really excited about. In this series we will go over the importance of demo trading as part of a traders educational process. We will release one post on it for the next 10 tens. Demo trading should not be taken to lightly. Take [...]
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