January 14th, 2009

The Market Thinks All Traders Are The Same (25 of 26)

Each day when we start to trade we have a chance to win or lose.  The deterring factor is how we play the game.  How we have prepared ourselves physically, mentally, and emotionally.  Did we sleep well, did we eat well, and are we in harmony with those around us.  Have we done our studying, [...]

January 13th, 2009

Be a Trade Taker Not a Trade Watcher (24 of 26)

Traders can get depressed because they knew the market was going one way or another; however, they failed to enter the market. Usually the response as to why they did not put on a trade is that they were waiting to be filled at the absolute best possible price (and never got filled), or only [...]

December 8th, 2008

Two Big Trading tools (1 of 26)

The first tool is your trading system or the methodology you use to enter an exit the market, your trading system.  You need to be very good at the trading system before you can enjoy any success as a trader.  Once you have mastered your trading system it is like riding a bike or driving [...]

November 26th, 2008

4 of 10: NO-RISK Control

Awareness # 3- NO-RISK Control Examples of no risk control are: jumping out of an airplane at 10,000 feet without a parachute, going scuba diving without air in your tanks, or going bungee jumping with out a bungee cord.  Trading with out any risk control will have the same disastrous out come.  To have a [...]

October 17th, 2008

The 5 Steps to becoming a trader

This is an article I ran across a little while ago and I would like to post it here for you to read because I found it describe the journey of a trader very accurately. Unfortunately somewhere between this blog and where I found the article I lost the name of the author. I would [...]

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