Never Turn a Winner into a Loser (5 of 26)
Have 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 techniques. When you let a trade move against you that means that it [...]
October 27th, 2008Staying 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 10th, 2008“Ham and Eggs: A days work for a chicken, a life lost commitment for a pig.”
For the record I love ham and eggs. This is not a plea for pita. I saw this quote and had Awe ha! Moment, I wanted to share. Let me ask a personal question. How do you trade? Like a pig or like a chicken? A pig trader is one who jumps into the market [...]
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 [...]
September 25th, 2008Letter From Our Strategy User- Part 1
This is a letter we’ve received from a strategy user and we thought it brought powerful insight that we would like to share with all of you. Jed Also, just to let you know, I find it quite amazing that two moving averages and the so-called “mao” can produce so many positive results. It is [...]
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