April 17th, 2010

Taking Profit

There are several approaches to taking profit. For example some traders will put on several lots on a trade then when the market reaches a predetermined level they will close a small portion of the trade. They leave on the remainder lots so they can continue to be in the market and gain profits. Then [...]

January 4th, 2010

How 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 [...]

December 22nd, 2009

A Hole New World; Moving From Demo To Live Trading 2 of 7

Trading is not a natural endeavor for us.  We have no basic skills or understanding of how it works when we first start out.  We have to learn from scratch.  Everyone has to start somewhere.  Some new traders have the all or nothing attitude with little or no training and soon lose some of their [...]

November 25th, 2009

A Trading Plan and Discipline = Keys To success

“Only a trader with a solid, tested trading plan and the total discipline to execute that plan, in all its aspects, will be equipped to take advantage of market opportunities and be a consistently successful trader. All others will fail.” Now ask yourself a couple of questions. QUESTION 1: How many times have you done [...]

November 17th, 2009

Answer To A Question # 17

Question: Your site looks great and seems very informative. I was wondering what the difference is between the Jump Start and Launch pad system that costs money? I’m sure there is value in spending the money on the system, I am just looking for some more details. Also, can you map out an average day [...]

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