August 28th, 2009

Finding Confidence in the Stop Loss Principle

Finding Confidence in the Stop Loss Principle I spoke with one of our coaching students today.  He has been through the product courses (Launch Pad and Nth Degree) a total of three times each.  He has been entering trades based on the signals and he told me he is finding great benefits from having the [...]

July 29th, 2009

2. Define your ideal trade. 2 of 12

New traders try to learn how to do everything and never become good at anything.  You must narrow your trading focus to grow.  Look at your current personal schedule.  What time do you have available to trade?  Why are you trading in the first place?  You’ll probably find that you can only trade a certain [...]

July 24th, 2009

Discipline

Discipline is the ability to be patient – to sit on your hands until your system triggers an action point. Sometimes the price won’t reach your anticipated price point. At this time you must have the discipline to believe in your system and not to second-guess it. Discipline is also the ability to pull the [...]

July 22nd, 2009

Objectivity

Objectivity or "emotional detachment" also depends on the reliability of your system or methodology. If you have a system that provides entry and exit levels that you know have a high reliability factor, then you don’t need to become emotional or allow yourself to be influenced by the opinion of others and outside sources who [...]

July 20th, 2009

Realistic Expectations

We have all heard of the get rich quick advertisements or the stories about people that made millions in a short period of time trading the foreign currency market.  Taking this information seriously will cause you heart burn when it does not happen to you.  Everyone has to learn how to trade and it does [...]

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