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.  [...]

July 24th, 2009

Discipline

Discipline is the ability to be patient – to sit on your hands until your system triggers an action point. Sometimes the price won’t reach your anticipated price point. At this time you must have the discipline to believe in your system and not to second-guess it. Discipline is also the ability to pull the [...]

July 22nd, 2009

Objectivity

Objectivity or "emotional detachment" also depends on the reliability of your system or methodology. If you have a system that provides entry and exit levels that you know have a high reliability factor, then you don’t need to become emotional or allow yourself to be influenced by the opinion of others and outside sources who [...]

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 [...]

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