April 13th, 2009

Failure To Cut Losses Or Take Profits

When a trader can’t pull the trigger to get into or out of a trade it is because they don’t fully understand what it take to be a successful trader.  A trader is gong to lose but he needs to win more than he loses and have the wins larger then the losses.   The object [...]

February 6th, 2009

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 [...]

February 4th, 2009

Drawdown’s Against Profits And Confidence

(1 of 2) Kirk and Jed, I wish not to make this eloquent or excessive in verbiage.  With this being said, let me continue. This week was a difficult week.  Trading was down as were my emotions and confidence.  In times past, I would not let any given loss disrupt that which I was trying [...]