by Kirk Norwood | Oct 28, 2009 | Emotions, Inside The Trader's Mind, Mentor's Corner, The Disciplined Forex Trader, Trading Strategies
One of the basic skills a trader needs to possess or develop is the power of observation. They need to become students of observation. This skill of observing things does not just apply when you are trading and looking at charts it will carry over in to the rest of...
by Kirk Norwood | Sep 7, 2009 | Emotions, Inside The Trader's Mind, Inspirational, Trading Strategies
Dodging Bullets 4-4 (excerpts in this series were taken from the book "The 4-Hour Work Week"Â By Timothy Ferris) "Uncovering Fear Disguised as Optimism" "There's no difference between a pessimist who says, 'Oh, it's hopeless, so don't bother doing anything,' and an...
by Kirk Norwood | Sep 4, 2009 | Emotions, Inside The Trader's Mind, Inspirational, Trading Strategies
Dodging Bullets 3-4 (excerpts in this series were taken from the book "The 4-Hour Work Week"Â By Timothy Ferris) "Conquering Fear=Defining Fear" In the last post 2-4 "The Power of Pessimism"Â I talked about facing your fears by using a plan of attack and addressing...
by Kirk Norwood | Sep 2, 2009 | Emotions, Inside The Trader's Mind, Inspirational, Trading Strategies
Dodging Bullets 2-4 (excerpts in this series were taken from the book "The 4-Hour Work Week"Â By Timothy Ferris) "The Power Of Pessimism: Defining the Nightmare" "To do or not to do? To try or not to try? Most people will vote no, whether they consider themselves...
by Kirk Norwood | Aug 26, 2009 | Emotions, Trading Strategies, Trading Tips, Types of Traders
The One Thing Every Trader Should Have In Their Trading Back on January 17th, 2008, we posted a blog about the 6 things to leave out of the market. They are: Emotion: Wanting the market to go a certain way. Revenge: Some people think they will get even with the...
by Kirk Norwood | Jul 22, 2009 | Emotions, Entry Signals, Exit Signals, Inside The Trader's Mind, The Disciplined Forex Trader, Trading Strategies, Trading Tips
Objectivity or "emotional detachment" also depends on the reliability of your system or methodology. If you have a system that provides entry and exit levels that you know have a high reliability factor, then you don’t need to become emotional or allow...
