February 23rd, 2009

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, 2008

Become Good at Losing (16 of 26)

We 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 or none at all.  It means don’t get all emotional about a loss [...]

November 17th, 2008

I’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 [...]

October 7th, 2008

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 feeling is to get [...]

September 29th, 2008

Great 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 traders [...]

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