by Kirk Norwood | Feb 27, 2010 | dominating the fear of loss series, Emotions, Money Management, Trading Strategies
We have gone over some guidelines to help keep our thoughts about trading clear and on track. We have talked about: Having a trading system and a set of rules. Using trading capital that will not have an impact if it is lost. Develop a win-loss ratio Good money...
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 | 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...
by Kirk Norwood | Jan 4, 2010 | dominating the fear of loss series, Exit Signals, Mentor's Corner, Trading Strategies, Trading Tips
If you have learned a good trading system and know the mechanics of entering and exiting trades and you can make money on a demo account, this does not meant you have the temperament to trade successfully. Most people can learn the mechanics of trading and talk the...
by Kirk Norwood | Dec 22, 2009 | dominating the fear of loss series, Entry Signals, Exit Signals, Mentor's Corner, Trading Strategies
Trading is not a natural endeavor for us. We have no basic skills or understanding of how it works when we first start out. We have to learn from scratch. Everyone has to start somewhere. Some new traders have the all or nothing attitude with little or no...
