May 22nd, 2009

Buy Into Motion = Chasing A Trade

When a trader sees the market take off, then decides to place a trade, just because the market moved a little bit in one direction or another he/she is chasing a trade thus buying into motion. Never buy into motion. The reason is you see the motion, get excited, enter a position, and then try [...]

May 15th, 2009

Inside The Traders Mind

Over the next few week we will give you some of our thinking about why we are all different in our trading success.  We have been asked what kind of results will we get with your trading system, what percentages of success will I get?   Lets look at two traders.  They have the same capital, [...]

May 13th, 2009

THE PIP AUCTION GAME

Here are 4 fail-proof ways to solve the Pip Auction Game problem, and to guarantee that you’re not going to play it again. You have heard this before, and it’s true, but until now you still have not lived by this rule. You should never risk more for pips than they are worth. You should [...]

May 8th, 2009

NINE: Balanced Life Trading (9 of 10)

Click here for Post Eight of ‘What Trading Really Is’ Series   Trading is all about making money.  If you are doing it for any other reason then you are doomed for failure.  You need to trade from good old mechanical thinking, which is a mark of a good trader.  You get a signal you [...]

March 31st, 2009

Answer To A Traders Question #7

Question:  How much starting capital do I need to trade with (can I start with a small amount and work my way up)? Answer: There are several schools of thought on this.  Some say you have to have at least $10,000 to start and it would be better if you have over $25,000.  You should [...]

« go back — keep looking »