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 courses
as a [...]
The One Thing Every Trader Should Have In Their Trading
The One Thing Every Trader Should Have In Their Trading
Back on January 17th, 2008, we posted a blog about the 6 things to leave out of the market. They are:
Emotion: Wanting the market to go a certain way.
Revenge: Some people think they will get even with the market…
Anger: People will get angry with themselves and [...]
SUMMARY 12 of 12
1. Vision of why you are trading and where you want to go. Identify the strategies and tactics
you will use. A trading plan is a tool not just an exercise
2. Select the time you will trade, the time frames you will trade on (long or short term trading).
Then pick out a set up for [...]
11. Get help from a trading expert. 11 of 12
Building and executing your trading action plan can take weeks or months. If you want to build and
execute in half the time, without tedious manual effort, check out the instructions on how to write
a trading plan from the instructions in launch Pad. The instructions on our trading plan will walk
you through every [...]
10. Forecast the time to hit your target. 10 of 12
With your strategy in place, you can set time lines to hit those milestones on your way toward your
target. Track actual results against your plan so you can adjust your strategy as you go and measure
your success.
9. Understand your numbers. 9 of 12
Look at the trade tracker, see where you were at on the first 20 trades (win-loss ration), then see
how you have improved over the next few groupings of 20 trades. Identify what your strengths were
when you started and see what they are now. Are your strengths still the same or have they changed? [...]
8. Plan and schedule review time. 8 of 12
This entry is part 8 of 8 in the series Create Trading PlanThe time for action is now! Create a trading calendar, including milestones, so you can take action
and track your progress. Stick to your plan. Whatever it is that you have pledged to do, get it done!
It’s easy to get overwhelmed with [...]
7. Create a money management plan. 7 of 12
This entry is part 7 of 8 in the series Create Trading PlanWhat is your Money Management plan and how do you plan on using it? Most traders spend the bulk of
their time hunting for new trades. However, focusing on your existing trade and looking for ways to
get a larger "share of each [...]
6. Generate trades. 6 of 12
This entry is part 6 of 8 in the series Create Trading PlanWhere and how will you find your next trade? Through sitting in front of the computer for hours?
Via: an alerts system? At the time news comes out? The point is you need a plan for how you will
find enough trades to keep you [...]
4. Develop your core strengths. 4 of 12
This entry is part 4 of 8 in the series Create Trading PlanIdentify the top three compelling strengths, you have uncovered for trading the currency market. Your strengths
should be easy to spot. Then make those strengths the core foundation that you use when trading. You may be good
at picking entry points. You may be good [...]
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