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. [...]
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 [...]
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 because
they do [...]
Don’t Swim Upstream
Early in my working life I became a shift manager. When a rush of work came in I would jump in and
start working right along with the other members of the team. My supervisor suggested that I not
jump in and do the work but look at the big picture and direct the flow [...]
6. Generate trades. 6 of 12
Where and how will you find your next trade? Through sitting in front of the computer for hours?
Via: an alerts system? At the time news comes out? The point is you need a plan for how you will
find enough trades to keep you interested and make money. The process of finding trades is NOT the
same [...]
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 [...]
Finding Confidence in the Stop Loss Principle
Finding Confidence in the Stop Loss Principle
I spoke with one of our coaching students today. He has been through the product courses (Launch Pad and Nth Degree) a total of
three times each. He has been entering trades based on the signals and he told me he is finding great benefits from having the courses
as a [...]
The One Thing Every Trader Should Have In Their Trading
The One Thing Every Trader Should Have In Their Trading
Back on January 17th, 2008, we posted a blog about the 6 things to leave out of the market. They are:
Emotion: Wanting the market to go a certain way.
Revenge: Some people think they will get even with the market…
Anger: People will get angry with themselves and [...]
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