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 [...]
April 15th, 2009Proper 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 [...]
January 30th, 2009Mentor’s Corner 1:2
Click Here for Part 1 If I may, allow me to verbalize my responses to your questions. 1. Get back to you on this one. 2. I have a tendency to rely upon correlating currencies too much. And, given the current volatility in the markets, correlation is a word that has been seemingly shelved for [...]
January 26th, 2009Mentor’s Corner 1:1
I had a marvelous morning Wednesday morning trading the New York open. Traded both the EUR and EURJPY and profited 200 pips, which took my account up to $7,000 profit since Monday night. Then, I let my emotions get to me, and the nerves set in. I went short of GBP (don’t ask me why) [...]
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