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 [...]

May 11th, 2009

TEN: Must Have Trading Tools (10 of10)

Click here for Post Nine of ‘What Trading Really Is’ Series   A trader must see the big picture in trading to survive and prosper.  If you only look at the small time frames you are only seeing the foothills of a tall mountain.  It is necessary to look at the larger time frames and [...]

May 8th, 2009

NINE: Balanced Life Trading (9 of 10)

Click here for Post Eight of ‘What Trading Really Is’ Series   Trading is all about making money.  If you are doing it for any other reason then you are doomed for failure.  You need to trade from good old mechanical thinking, which is a mark of a good trader.  You get a signal you [...]

May 6th, 2009

EIGHT: Trade Less Make More (8 of 10)

Click here for Post Seven of ‘What Trading Really Is’ Series   Everyone needs to find the time of day that is best for them be it emotionally, time restraints, or alertness (when you are not tired of fatigued).  Once you find that magic time for you then build your trading around your schedule not [...]

May 1st, 2009

SIX: You Are In Charge (6 of 10)

Click here for Post Five of ‘What Trading Really Is’ Series You are responsible for your success or failure as a trader.  You’re in charge of your trading, not the platform, not your broker, not your trading group Just you.  If something goes wrong you are the one that has to figure what to do [...]

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