February 6th, 2009

Drawdown’s Against Profits and Confidence

(2 of 2) ….Yesterday afternoon, I closed down the platform, walked away from the computer and went for a walk with my little girl while my wife was still at work.  I returned about 4 p.m., put daughter down for a nap, and then meditated upon the wins and losses and tried to determine what [...]

February 4th, 2009

Drawdown’s Against Profits And Confidence

(1 of 2) Kirk and Jed, I wish not to make this eloquent or excessive in verbiage.  With this being said, let me continue. This week was a difficult week.  Trading was down as were my emotions and confidence.  In times past, I would not let any given loss disrupt that which I was trying [...]

January 26th, 2009

Mentor’s Corner 1:1

I had a marvelous morning Wednesday morning trading the New York open.  Traded both the EUR and EURJPY and profited 200 pips, which took my account up to $7,000 profit since Monday night.  Then, I let my emotions get to me, and the nerves set in. I went short of GBP (don’t ask me why) [...]

January 20th, 2009

Small Wins vs. Large Losses

When we first start trading all of us have big dreams of how much money we will be making.  We dream of the new life we will be having.  All the places we will travel to and the things we will have.  What happens to those dreams? Many of us are so excited to get [...]

January 16th, 2009

Setting And Accomplishing Realistic Goals

We have all probably heard of the trader who turned $10,000 into over $1,000,000 in one year. Well it has been done but do you really believe you can do it? You’ve also probably seen the ads and websites, which claim big returns with minimal work. Ask yourself, is this the norm or is it [...]

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