by Kirk Norwood | Aug 14, 2008 | Inside The Trader's Mind, Money Management, Trading Tips
We have all been told that we should only trade with money we can afford to lose.  This does not mean to be wild and care free with your trading money. So we do not want to think of our trading account as money you can afford to lose. We just have to know that...
by Kirk Norwood | Aug 13, 2008 | Emotions, Exit Signals, The Disciplined Forex Trader, Trading Tips
One bad thing trader’s fall into the habit of doing is to try and get every last tick out of a trade. We have all experienced a trade that started off great then turned out to be a looser. Then there is the trade that starts out with a small loss and turns out...
by Kirk Norwood | Aug 12, 2008 | Planning A Trading Career, Topics To Study, Trading Strategies, Trading Tips
Having two or more versions of the trading platform can be helpful by putting different accounts or charts on each platform then watching both at the same time on different monitors (if you have two monitors). This way it is easier to track more stuff and have...
by Kirk Norwood | Aug 8, 2008 | Exit Signals, Trading Strategies
In real estate the three most important things to an investor are location, location, location.  In trading the three most important things are: money management, timing your exits and timing your entries; in that order. More important than how much you make on a...
by Kirk Norwood | Aug 7, 2008 | Uncategorized
We all have reason why we enter and exit trades. But what if the market has changed and the reasons are no longer valid as to why we entered a trade. The best line of thinking we have found is: once the reasons have changed as to why you got into a trade it is...
