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, 2009Drawdown’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 [...]
December 17th, 2008Develop a trading plan and Stick with it (7 of 26)
Develop a trading plan and Stick with it. Do not change your trading plan from day to day Just like a business needs a plan a trader needs a plan. Write down the specific market prerequisites (setups) that must take place in order for you to make a trade. List the time of day the [...]
November 24th, 20082 of 10: Trading The Big Dollar Moves
Awareness #1- Trading The Big Dollar Moves When trading, how does a trader know which move is going to be the big move. They don’t. Trying to catch the big trades alone to get rich quick is a destructive habit. A trader should take all good signal trades. By doing this, they will make a [...]
November 20th, 2008Knowing When To Stop Trading
If you talk to enough traders you will find that most traders can make money in the currency market. The big issue is that most traders cannot keep what they make. We might think it would be easy to hang onto the money because we made the money while trading but as we all know [...]
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