6. Generate trades. 6 of 12
Where and how will you find your next trade? Through sitting in front of the computer for hours?
Via: an alerts system? At the time news comes out? The point is you need a plan for how you will
find enough trades to keep you interested and make money. The process of finding trades is NOT the
same [...]
6. Generate trades. 6 of 12
This entry is part 6 of 8 in the series Create Trading PlanWhere and how will you find your next trade? Through sitting in front of the computer for hours?
Via: an alerts system? At the time news comes out? The point is you need a plan for how you will
find enough trades to keep you [...]
5. Create a magnificent trading picture. 5 of 12
This entry is part 5 of 8 in the series Create Trading PlanLet 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 [...]
4. Develop your core strengths. 4 of 12
This entry is part 4 of 8 in the series Create Trading PlanIdentify 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 [...]
3. Identify your remarkable strengths. 3 of 12
This entry is part 3 of 8 in the series Create Trading PlanAs part of you trading plan you should find out your win-loss ratio. This can be done by using the “Trade Tracker”.
When you purchase launch Pad you will find the “Trade Tracker” as one of the tools. By tracking groups of
say 20 trades [...]
2. Define your ideal trade. 2 of 12
This entry is part 2 of 8 in the series Create Trading PlanNew traders try to learn how to do everything and never become good at anything. You must narrow your trading
focus to grow. Look at your current personal schedule. What time do you have available to trade? Why are you
trading in the first place? [...]
Create a Stellar Trading Plan in 11 Easy Steps 1 of 12
This entry is part 1 of 8 in the series Create Trading PlanThe single most powerful trading tool on the planet is a trading plan. Now before you roll your eyes and run for
the hills, let me clarify. I am not referring to an academic exercise from a book.
I’m talking about a simple plan that [...]
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 [...]
Realistic Expectations
We have all heard of the get rich quick advertisements or the stories about people that made millions in a short
period of time trading the foreign currency market. Taking this information seriously will cause you heart burn
when it does not happen to you.
Everyone has to learn how to trade and it does not happen overnight. [...]
Inside The Traders Mind
Over the next few week we will give you some of our thinking about why we are all different
in our trading success.
We have been asked what kind of results will we get with your trading system, what percentages
of success will I get?
Lets look at two traders. They have the same capital, [...]
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