Is It The Market OR Are You The Problem?
Do you find yourself hesitating to pull the trigger on trades, and when you look back you say,
I could have made a lot of pips on that one if I had only.
Do you still leave trades on hoping they will come back. You know the “blowout trades”
that take all of the money you just made, [...]
Win-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 better after [...]
How To Handle A Whip Saw Market
There is no system that can prevent the market from whipsawing. There will be times when you
will have a loss. By learning how to manage trades to minimize your losses your account can grow.
This is the way we like to take the higher probability trades. When we get a signal on
the 15 min or 30 [...]
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 [...]
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 [...]
Social Links
