by Kirk Norwood | Apr 10, 2008 | The Disciplined Forex Trader, Trading Tips
When a trader sees the market take off, then decides to place a trade just because the market moved a little bit in one direction or another he/she is chasing a trade and thus buying into motion. Never buy into motion. The reason is because you see the motion, get...
by Kirk Norwood | Nov 17, 2009 | Entry Signals, Exit Signals, Jump Start, Launch Pad, Planning A Trading Career, Trading Program, Trading Strategies
Question: Your site looks great and seems very informative. I was wondering what the difference is between the Jump Start and Launch pad system that costs money? I’m sure there is value in spending the money on the system, I am just looking for some more details....
by Kirk Norwood | Aug 21, 2009 | Create Trading Plan - Series, Trading Strategies, Trading Tips
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...
by Kirk Norwood | Aug 5, 2009 | Create Trading Plan - Series, My Trades, Trading Strategies, Trends, Types of Traders
Let your trading journal teach you what you need to do more of. Create collateral (a pile of good trades in your trade journal) that educates you and compels you to see the way you should trade. Make sure your trading journal include tons of examples of your...
by Kirk Norwood | Apr 15, 2009 | Inside The Trader's Mind, Mentor's Corner
A trader can talk about what it takes to become a good trader but that is not enough. A trader has to be able to give himself or herself a good assessment of what he is doing right and wrong. A trader not only needs to know how to trade his system he needs to...
