Know When to Hold ‘em Know When to Fold ‘em (22 of 26)
This entry is part 22 of 26 in the series The Disciplined Forex TraderWe hear all the time that a trade should be scaled out of by one half when you reach a profit target then set your stop loss to break even on the remaining portion of the trade and let it run to [...]
December 29th, 2008Don’t Worry About the News (14 of 26)
This entry is part 14 of 26 in the series The Disciplined Forex TraderDon’t worry about the news by the time you read it, it is history. Early in my trading career I was told to not listen to and TV or radio financial news. Stop reading Magazines, and newspapers about the financial markets. [...]
December 19th, 2008Be Able to Trade Another Day (9 of 26)
This entry is part 9 of 26 in the series The Disciplined Forex TraderYou always want to be able to trade another day.
If you really want to trade then you should never put yourself in the position where you have lost your trading capital. One of the most frustrating feelings is when you want to [...]
Develop Your Own Style (8 of 26)
This entry is part 8 of 26 in the series The Disciplined Forex TraderDevelop your own style don’t try to be like someone else. You have to be comfortable with the way you trade. It is very hard to try and trade like someone else. For example if you get to the point were [...]
December 17th, 2008Develop a trading plan and Stick with it (7 of 26)
This entry is part 7 of 26 in the series The Disciplined Forex TraderDevelop a trading plan and Stick with it. Do not change your trading plan from day to day Just like a business needs a plan a trader needs a plan. Write down the specific market prerequisites (setups) that must take place [...]
December 12th, 2008Never Turn a Winner into a Loser (5 of 26)
This entry is part 5 of 26 in the series The Disciplined Forex TraderHave you ever done let a winner turn into a loser? We all probably have especially in the beginning of our trading careers. This is one of the first steps in learning how to manage a trade and use good money management [...]
October 27th, 2008Staying On the Fresh Trail
I heard a very interesting story this weekend from a very good friend of mine while sitting around a late autumn campfire. He told of a time when he was younger and was on a mountain lion hunt in southern Utah. The group had chased two large cats down into a canyon. From his vantage [...]
October 10th, 2008“Ham and Eggs: A days work for a chicken, a life lost commitment for a pig.”
For the record I love ham and eggs. This is not a plea for pita. I saw this quote and had Awe ha! Moment, I wanted to share.
Let me ask a personal question. How do you trade? Like a pig or like a chicken? A pig trader is one who jumps into the market unaware [...]
Letter From Our Strategy User- Part 2
Traders response to my “any losses” question,
Jed,
Yes, I have sustained losses on this particular demo account, and in many other accounts as well. Not sure what you meant by the question. The losses are few, but they still come. As I briefly look over this demo, I am seeing roughly 15 wins for every 18 [...]
Letter From Our Strategy User- Part 1
This is a letter we’ve received from a strategy user and we thought it brought powerful insight that we would like to share with all of you.
Jed
Also, just to let you know, I find it quite amazing that two moving averages and the so-called “mao” can produce so many positive results. It is truly incredible, [...]
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