by Kirk Norwood | Feb 20, 2010 | Mentor's Corner, MT4 Tips, Topics To Study, Trading Strategies
Do you know what these terms mean? Waiting for Update Trade Context is Busy Bid – Ask MT4 charts are bid charts Margin Waiting for Update “Waiting for Update†is a common message with a new account or when switching between a mini and a standard accounts. There...
by Kirk Norwood | Feb 13, 2010 | dominating the fear of loss series, Emotions, Money Management, Trading Program, Trading Tips
How much of my account can I lose before I go back to demo trading and review what I am doing wrong. We have heard from 10% to 35% draw down before you should stop trading and analyze what is happening. We lean to the 10% area. You will have to decide what is right...
by Kirk Norwood | Feb 6, 2010 | Inside The Trader's Mind, Mentor's Corner, My Trades, Trading Strategies, Trading Tips
Do you find yourself hesitating to pull the trigger on trades, and when you look back you say, I could have made a lot of pips on that one if I had only. Do you still leave trades on hoping they will come back. You know the “blowout trades†that take all of the...
by Kirk Norwood | Jan 29, 2010 | dominating the fear of loss series, Money Management, Trading Strategies
One of the basic laws to be used with the win-loss ratio is good money management. A win-loss ratio can be improved with good money management. The first rule is to trade money you don’t need. If you don’t need the money then you can be more in control of your...
by Kirk Norwood | Jan 22, 2010 | dominating the fear of loss series, Inside The Trader's Mind, Trading Strategies, Trading Tips
How do you establish a win-loss ratio? How many trades do you need to do? The more trades the better but you will need at least 100. We like to break in down in to groups of 20 trades and see what the ratio is on this small group of trades. If your ratio gets...
