March 27th, 2009

Lower Time Frames May Cause Over Trading

Traders can get caught up in thinking that shorter time frames can reduce risk.  They think they can get out of bad trades sooner but they also get out of good trades sooner. If a trader is looking at the smaller time frames like the 1- and 5- minute they will get more signals.  They [...]

March 16th, 2009

Chasing Trades or Timing Your Entries

We have discussed that trading in the direction of the trend will give you the best trades and chances for success.  Even if you know which way the trend is going you should not just jump into a trade.  The market will not go in one direction forever it will make some corrections or retracements [...]

December 10th, 2008

Chasing the Market (3 of 26)

Wait for the market to come to you 100% of the time to prove that you are disciplined.  If you chase the market then you are not disciplined. If a trader says he waits for trades but anticipate the signals and jumps in the market then he in not a disciplined trader.  He might win [...]

November 21st, 2008

Trade Journal Entry 11-21-08

This week has been a productive trading week.  I have been spot on in my trades.  I am up in all of my accounts for the week by the follow percentages:    (1) 3%, (3) 5%, (1) 13%, (1) 23%. It is Friday morning and I have been at the computer for a little over 30 [...]