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 | Dec 17, 2009 | dominating the fear of loss series, Emotions, Inside The Trader's Mind, Trading Strategies
As we all know loosing is a part of trading. Win some and lose some. A trader needs to get use to losing. That does not mean you have to lose all the time but it will happen. Once you have entered a trade then it is a matter of managing the trade that makes a...
by Kirk Norwood | Dec 10, 2009 | dominating the fear of loss series, Emotions, Indicators, Money Management, Trading Strategies
In this series of thoughts we are trying to point out some things to keep traders in the trading game. The suggestions are not major changes; they are little adjustments to keep you on track. When a trader starts out with a plan, and follows some rules he will be...
by Kirk Norwood | Dec 3, 2009 | Emotions, Inside The Trader's Mind, Planning A Trading Career, Trading Strategies
Have you stopped lately and thought back as to why you are trading. Or do you need to stop and figure out why you want to get into trading in the first place? Is it to build capital or is it to trade full time to replace your income, or for some extra income? WHY DO I...
by Kirk Norwood | Nov 4, 2009 | Disciplined Trader Series, Emotions, Inside The Trader's Mind, The Disciplined Forex Trader, Trading Strategies
We have summarized the comments of 4 traders about being a more disciplined trader. A day traders comments: He is a consistent trader his accuracy was good but would have a blow up one day a month and lose a lot of what he had made. When he realized that being right...
