Staying 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 23rd, 2008Trading With or Without Indicators
Everyone has a preference of how to trade and what works for them. I find it interesting when others say this is the best way or that is by far the only way to trade. I know traders that use only price action to trade with. We all know traders that only use indicators. My [...]
September 26th, 2008Letter 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 [...]
Is Your Money Safe?
In today’s world the question ‘Is your money safe?’ is a very valid question. We wanted to share with you the latest video from Terry Savage at the MoneyShow.com. We found that it offers some great advice for how to keep your money safe and some great resources to understand what you need to know. [...]
September 15th, 2008Losing Is Part Of Trading
As a trader we need to accept the fact that we will lose some of the time. If you understand this, then you must have measures in place to protect yourself from the losses when they come.
We can’t avoid all losses, but we can manage our risk. The first thing you need to do is [...]
Does A Trader Need To Learn To Trade?
I was talking to a trader that was following a trading system that only teaches to buy a couple of currencies and hold. When one currency goes up the other is supposed to come down keeping them in correlation. This way you would have a hedge on your trades and you would not lose money [...]
September 5th, 2008Another Way To Stay In Control
I once heard a trader say that after he made some money in his account he would take out the original investment. Then he was only playing with money he didn’t originally have making the losses not hurt as much. It became easier to make money because he had taken the pressure off himself.
By doing [...]
When You Should Go Back To Demo Trading
I just read an interesting article about when to stop trading live and go back to demo trading.
Go to demo when you have lost 9% of your account. Trade on the demo account one week for every 2% of your account that you lost. We all know that it is better to have some money [...]
Traders Don’t Change Because… Traders Can Change If…
I came across a couple of quotes I want to share with you:
“Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes” Jesse Livermore
“In order to make a success, the trader must act in a way to overcome the weak points that [...]
The Top News Announcements You Should Be Aware Of
At the time of these announcements there is a high probability that the market will make a significant move. We do not trade the news, but we do trade after the news has been announced and when an entry signal appears.
Consumer Price Index for the USA
USA Non-Farm Payrolls
USA New Home sales
USA Existing Home Sales
International Trade [...]
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