August 26th, 2009

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 [...]

August 5th, 2009

5. Create a magnificent trading picture. 5 of 12

Let your trading journal teach you what you need to do more of. Create collateral (a pile of good trades in your trade journal) that educates you and compels you to see the way you should trade. Make sure your trading journal include tons of examples of your successful trades.  Make notes of what you [...]

August 3rd, 2009

4. Develop your core strengths. 4 of 12

Identify the top three compelling strengths, you have uncovered for trading the currency market. Your strengths should be easy to spot. Then make those strengths the core foundation that you use when trading.  You may be good at picking entry points. You may be good at managing the trade once you are in a trade.  [...]

May 25th, 2009

Big Gain, Little Gain = Big Loss, Little Loss Which Is For You?

There are forex traders that make livings by making large gains with large losses.  Then there are traders that make a living with small gains and small losses. Which ever style a trader uses they must be aware of what they are doing and keep the size of the wins and the size of the [...]

February 4th, 2009

Drawdown’s Against Profits And Confidence

(1 of 2) Kirk and Jed, I wish not to make this eloquent or excessive in verbiage.  With this being said, let me continue. This week was a difficult week.  Trading was down as were my emotions and confidence.  In times past, I would not let any given loss disrupt that which I was trying [...]

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