May 13th, 2009

THE PIP AUCTION GAME

Here are 4 fail-proof ways to solve the Pip Auction Game problem, and to guarantee that you’re not going to play it again. You have heard this before, and it’s true, but until now you still have not lived by this rule. You should never risk more for pips than they are worth. You should [...]

January 9th, 2009

Know When to Hold ‘em Know When to Fold ‘em (22 of 26)

We hear all the time that a trade should be scaled out of by one half when you reach a profit target then set your stop loss to break even on the remaining portion of the trade and let it run to see if it will make more money.  By scaling out of a trade [...]

October 23rd, 2008

Trading With or Without Indicators

Everyone has a preference of how to trade and what works for them.   I find it interesting when others say this is the best way or that is by far the only way to trade.  I know traders that use only price action to trade with.  We all know traders that only use indicators.    My [...]

October 8th, 2008

Learning To Trade: Step-By-Step Or Mistake-By-Mistake

I am guessing that we all have clicked and hoped. Then we clicked again and hoped some more. We have entered trades not knowing what we were doing, having no clue, which way the market was going, or even how to determine which way it was headed. These are frustrating times as well as costly [...]