Dodging Bullets 1-4
Dodging Bullets 1-4
(excerpts in this series were taken from the book “The 4-Hour Work Week” By Timothy Ferris)
“Many a false step was made by standing still. — FORTUNE COOKIE”
Do not let fear keep you from moving forward. Being stuck on the go square or any square for that matter. 9 times out of 10 fear [...]
Objectivity
Objectivity or "emotional detachment" also depends on the reliability of your system or methodology. If you have a
system that provides entry and exit levels that you know have a high reliability factor, then you don’t need to
become emotional or allow yourself to be influenced by the opinion of others and outside sources who [...]
Patience
Once you know what to expect from your system, you must have the patience to wait for the price to reach the
levels that your system indicates for either the point of entry or exit. While you are waiting for the indicators
to give you the entry sign you can look at other currencies and [...]
Buy Into Motion = Chasing A Trade
When a trader sees the market take off, then decides to place a trade, just because the market
moved a little bit in one direction or another he/she is chasing a trade thus buying into motion.
Never buy into motion. The reason is you see the motion, get excited, enter a position, and then
try to decide what [...]
Inside The Traders Mind
Over the next few week we will give you some of our thinking about why we are all different
in our trading success.
We have been asked what kind of results will we get with your trading system, what percentages
of success will I get?
Lets look at two traders. They have the same capital, [...]
NINE: Balanced Life Trading (9 of 10)
Click here for Post Eight of ‘What Trading Really Is’ Series
Trading is all about making money. If you are doing it for any other reason then you are doomed
for failure. You need to trade from good old mechanical thinking, which is a mark of a good
trader. You get a signal you make a [...]
Proper Self Evaluation
A trader can talk about what it takes to become a good trader but that is not enough.
A trader has to be able to give himself or herself a good assessment of what he is
doing right and wrong. A trader not only needs to know how to trade his system he
needs to [...]
A Fun Question From A Trader
This is a question from a trader that just signed up for Jump Start. The answer will share our feelings about learning to become a good trader.
Question:
Okay great and thank you for your reply. I’ll go through all of the Webinars for the jump-start program and if I have any questions I’ll send them to [...]
How to Find A Trending Market
This can be easy once you know what to look for. Your search of how to determine what a trending market is, can take a lot of time and experience but with the right instructions you can find it very quickly. A choppy, or flat market is hard to trade and can lead to overtrading, [...]
February 6th, 2009Drawdown’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 had [...]
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