January 8th, 2009

Confidence & Control (21 of 26)

Knowing you can do it BUILDS CONFIDENCE AND CONTROL. How nice would it to be to turn on your computer in the morning knowing that if you play by the Rules, trade with discipline and stick to your methodology, the probability of a successful day is high.  Knowing that you can grow your account even [...]

December 24th, 2008

The First Loss (12 of 26)

The first loss is usually the smallest and least painful. When you know that the trade is no good it is best to get out ASAP, do not hesitate or delay or try to think It through just close the trade.  It has been said that it is never a loser until you get out.  [...]

December 3rd, 2008

9 of 10: Lack of discipline and Patience

Awareness # 8- Lack of discipline and Patience When demo trading a trader should be developing discipline and the ability to wait for a trade to come to them.  It is easy to say “This doesn’t count; its only a demo account.”  This type of attitude and thinking will cause you to give up on [...]