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 [...]
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. [...]
Do We Learning From Our Mistakes 1 of 7
As we all know loosing is a part of trading. Win some and lose some. A trader needs to get use to
losing. That does not mean you have to lose all the time but it will happen. Once you have entered
a trade then it is a matter of managing the trade that makes a difference.
Many [...]
DOMINATING THE FEAR OF LOSS A 7 PART SERIES
In this series of thoughts we are trying to point out some things to keep traders in the trading game.
The suggestions are not major changes; they are little adjustments to keep you on track. When a trader
starts out with a plan, and follows some rules he will be way ahead in the long run.
The foundation [...]
A Traders Focus
Have you stopped lately and thought back as to why you are trading. Or do you need
to stop and figure out why you want to get into trading in the first place? Is it
to build capital or is it to trade full time to replace your income, or for some extra
income? WHY [...]
Four Thoughts on Discipline in Trading
We have summarized the comments of 4 traders about being a more disciplined trader.
A day traders comments: He is a consistent trader his accuracy was good but would have
a blow up one day a month and lose a lot of what he had made. When he realized that
being right is not the key to making [...]
The Power of Observation
One of the basic skills a trader needs to possess or develop is the power of observation.
They need to become students of observation. This skill of observing things does not
just apply when you are trading and looking at charts it will carry over in to the rest
of your life.
You might say I [...]
Dodging Bullets 4-4
Dodging Bullets 4-4
(excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris)
“Uncovering Fear Disguised as Optimism”
“There’s no difference between a pessimist who says, ‘Oh, it’s hopeless, so don’t bother doing anything,’ and an optimist who says, ‘Don’t bother doing anything, it’s going to
turn out fine anyway.’ Either way, nothing [...]
Dodging Bullets 3-4
Dodging Bullets 3-4
(excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris)
“Conquering Fear=Defining Fear”
In the last post 2-4 “The Power of Pessimism” I talked about facing your fears by using a plan of attack and addressing what those fears are that are keeping you in place.
I would like to [...]
Dodging Bullets 2-4
Dodging Bullets 2-4
(excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris)
“The Power Of Pessimism: Defining the Nightmare”
“To do or not to do? To try or not to try? Most people will vote no, whether they consider themselves brave or not. Uncertainty and the prospect of failure
can be very [...]
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