by Kirk Norwood | Aug 6, 2008 | Inside The Trader's Mind
When a trader sets a stop loss they have pre determined how much they are willing to loose on a trade. They are exercising good money management. Hopefully looking at this one trade as one of many and only part of their trading system. When a trader does not set a...
by Kirk Norwood | Aug 5, 2008 | Planning A Trading Career
We visited Springfield Illinois where Abraham Lincoln lived and had a successful law practice. We were able to take a tour of the house where he lived when he ran for President of the United States. The guide shared with us that the house was small when they first...
by Kirk Norwood | Aug 4, 2008 | Inside The Trader's Mind, Trading Strategies
There are traders that make livings by making large gains with large losses. Then there are traders that make a living with small gains and small losses. Which ever style a trader uses they must be aware of what they are doing and keep the size of the wins and the...
by Kirk Norwood | Aug 1, 2008 | Inside The Trader's Mind, Trading Tips, Types of Traders
There are traders that lose money month after month, and the reason is that they always rush into trades without studying them carefully and seeing which way the trend is going or waiting for any sort of retracement before entering the trade. They see a breakout on a...
by Kirk Norwood | Jul 31, 2008 | Emotions, Inside The Trader's Mind, Money Management, Planning A Trading Career, The Disciplined Forex Trader, Topics To Study, Trading Strategies, Trading Tips
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 trade in the direction of the larger trend....
