November 25th, 2009

A Trading Plan and Discipline = Keys To success

“Only a trader with a solid, tested trading plan and the total discipline to execute that plan,
in all its aspects, will be equipped to take advantage of market opportunities and be a
consistently successful trader. All others will fail.”
Now ask yourself a couple of questions.
QUESTION 1:
How many times have you done a little chart [...]

March 31st, 2009

Details Make The Difference

Here are some tips for making sure you come out ahead in your trading account so you are not wondering what happened to your money.  These tools are over looked by many new traders.  After looking at some of the differences between the successful traders and those that are no longer traders we find the [...]

February 6th, 2009

Drawdown’s Against Profits and Confidence

(2 of 2)
….Yesterday afternoon, I closed down the platform, walked away from the computer and went for a walk with my little girl while my wife was still at work.  I returned about 4 p.m., put daughter down for a nap, and then meditated upon the wins and losses and tried to determine what had [...]

February 4th, 2009

Drawdown’s Against Profits And Confidence

(1 of 2)
Kirk and Jed,
I wish not to make this eloquent or excessive in verbiage.  With this being said, let me continue.
This week was a difficult week.  Trading was down as were my emotions and confidence.  In times past, I would not let any given loss disrupt that which I was trying to obtain.  However, [...]

December 17th, 2008

Develop 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 [...]