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 [...]
February 13th, 2010When 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 [...]
January 29th, 2010Money Management 5 of 7
One of the basic laws to be used with the win-loss ratio is good money management. A win-loss ratio can be improved with good money management. The first rule is to trade money you don’t need. If you don’t need the money then you can be more in control of your emotions and your trading. [...]
January 22nd, 2010Win-Loss Ratio 4 of 7
How do you establish a win-loss ratio? How many trades do you need to do? The more trades the better but you will need at least 100. We like to break in down in to groups of 20 trades and see what the ratio is on this small group of trades. If your ratio gets [...]
January 4th, 2010How To Become A Smart Loser 3 of 7
If you have learned a good trading system and know the mechanics of entering and exiting trades and you can make money on a demo account, this does not meant you have the temperament to trade successfully. Most people can learn the mechanics of trading and talk the talk but they cannot walk the walk [...]
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