ONE: What Trading Really Is (1of 10)
When we trade properly we need to know that we are using the law of probabilities.
When you go to any gambling place you are playing with probabilities. The thing you
already know is that the probabilities are in the favor of the house. If you think
about it they have a license to print money. [...]
Pulling The Trigger To Enter A Trade
A trader may have a problem pulling the trigger to enter a trade for several
reasons. One they are not confident enough with their analysis. Two they
have not done enough demo trading to see the results of a trade. This is
part of the over 100 trades that need to be done in order to get [...]
Alert Trade
The Rain Man Alert gave the signal that this trade was ready to go. The trade was entered and closed out by management decision because of the speed and distance it had gone up. The trade was closed with 105 pips. The trade was taken while day trading using the 15-minute chart for the trend [...]
February 25th, 2009A Fun Question From A Trader
This is a question from a trader that just signed up for Jump Start. The answer will share our feelings about learning to become a good trader.
Question:
Okay great and thank you for your reply. I’ll go through all of the Webinars for the jump-start program and if I have any questions I’ll send them to [...]
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 [...]
Over View of Multiple Time Frames
When a trader can look at the market from many different time frames he is becoming a better trader. If a trader only looks at the market from one time frame this will narrow his view of what the market is really doing. The bigger the picture of the market the better his chances of [...]
December 30th, 2008Speculators Always Lose (15 of 26)
This entry is part 15 of 26 in the series The Disciplined Forex TraderI have never met a successful speculator. It is impossible to speculate and consistently have large wins. Don’t be a speculator. Be a trader.
Trading in the direction of the trend on a 1 hr or 4 hr chart is always a good [...]
Stop The Pain Close the Losing Trades (11 of 26)
This entry is part 11 of 26 in the series The Disciplined Forex TraderYou are not a loser because you have a losing trade on. You are, however, a loser if you do not get out of the losing trade once you recognize that the trade is not going to come back. It’s interesting to [...]
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 [...]
November 21st, 2008Trade Journal Entry 11-21-08
This week has been a productive trading week. I have been spot on in my trades. I am up in all of my accounts for the week by the follow percentages: (1) 3%, (3) 5%, (1) 13%, (1) 23%.
It is Friday morning and I have been at the computer for a little over 30 minutes [...]
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