Admitting A Trade Has Come To An End
There are two problems: one: figuring out a trend has ended and two: admitting that it has actually ended. Too many traders will stay in a trade thinking it will go on forever or say I will get out at the next move. They have a profit of $100 and will not take a profit [...]
December 31st, 2008Become Good at Losing (16 of 26)
This entry is part 16 of 26 in the series The Disciplined Forex TraderWe get a lot of questions and comments about what this means. You should know by now that you will lose sometimes when trading. That does not mean you will lose all of your account unless you use poor money management techniques [...]
November 17th, 2008I’m Riding a Losing Trade. What Should I Do?
In this article from gotforex.com’s newsletter you will find out how to handle some of the frustrations of having a loosing trade.
QUESTION OF THE WEEK:
I’m riding a losing trade.
What should I do?
by Corbin Layton and Rob Booker
Have you ever said to yourself, “Well, going long (or short) the EUR/USD looked good at the time I [...]
Control
It is interesting how having control of something increases our confidence. When we feel that we do not have control over the market our confidence is lessened. The big mistake is in trying to feel that we can control the market. The best way to get rid of the market control [...]
September 29th, 2008Great Success, Small Success
Can anyone be trained to trade for a living? I would say a LOUD yes…. and no.
A great deal can be “taught” like a working strategy. But a lot cannot be taught. One trader will have great success and another just a little success trading the same strategy.
There is something that some [...]
Losing Is Part Of Trading
As a trader we need to accept the fact that we will lose some of the time. If you understand this, then you must have measures in place to protect yourself from the losses when they come.
We can’t avoid all losses, but we can manage our risk. The first thing you need to do is [...]
You Win Some And You Lose Some
You will win some and you will lose some it’s a fact of life for traders:
There are several things that contribute to you winning more than you lose. The most important would be knowledge of the market and being able to control your emotions. The market goes up and down because of human fear and [...]
The Importance of Losing when Trading
In real estate the three most important things to an investor are location, location, location. In trading the three most important things are: money management, timing your exits and timing your entries; in that order. More important than how much you make on a trade is how little you lose on the losses. When you [...]
August 7th, 2008Reasons To Enter And Reasons To Exit Trades
We all have reason why we enter and exit trades. But what if the market has changed and the reasons are no longer valid as to why we entered a trade. The best line of thinking we have found is: once the reasons have changed as to why you got into a trade it is [...]
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