by Kirk Norwood | Apr 17, 2010 | Exit Signals, Trading Strategies
There are several approaches to taking profit. For example some traders will put on several lots on a trade then when the market reaches a predetermined level they will close a small portion of the trade. They leave on the remainder lots so they can continue to be in...
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...
by Kirk Norwood | Nov 25, 2009 | Create Trading Plan - Series, Disciplined Trader Series, Exit Signals, Trading Strategies
“Only a trader with a solid, tested trading plan and the total discipline to execute that plan, in all its aspects, will be equipped to take advantage of market opportunities and be a consistently successful trader. All others will fail." Now ask yourself a couple...
by Kirk Norwood | Nov 17, 2009 | Entry Signals, Exit Signals, Jump Start, Launch Pad, Planning A Trading Career, Trading Program, Trading Strategies
Question: Your site looks great and seems very informative. I was wondering what the difference is between the Jump Start and Launch pad system that costs money? I’m sure there is value in spending the money on the system, I am just looking for some more details....
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...
