by Kirk Norwood | Feb 6, 2010 | Inside The Trader's Mind, Mentor's Corner, My Trades, Trading Strategies, Trading Tips
Do you find yourself hesitating to pull the trigger on trades, and when you look back you say, I could have made a lot of pips on that one if I had only. Do you still leave trades on hoping they will come back. You know the “blowout trades†that take all of the...
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 14, 2010 | Inside The Trader's Mind, Mentor's Corner, Topics To Study, Trading Tips
There is no system that can prevent the market from whipsawing. There will be times when you will have a loss. By learning how to manage trades to minimize your losses your account can grow. This is the way we like to take the higher probability trades. When we...
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 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...
