by Kirk Norwood | Aug 14, 2008 | Inside The Trader's Mind, Money Management, Trading Tips
We have all been told that we should only trade with money we can afford to lose.  This does not mean to be wild and care free with your trading money. So we do not want to think of our trading account as money you can afford to lose. We just have to know that...
by Kirk Norwood | Aug 6, 2008 | Inside The Trader's Mind
When a trader sets a stop loss they have pre determined how much they are willing to loose on a trade. They are exercising good money management. Hopefully looking at this one trade as one of many and only part of their trading system. When a trader does not set a...
by Kirk Norwood | Aug 4, 2008 | Inside The Trader's Mind, Trading Strategies
There are traders that make livings by making large gains with large losses. Then there are traders that make a living with small gains and small losses. Which ever style a trader uses they must be aware of what they are doing and keep the size of the wins and the...
by Kirk Norwood | Aug 1, 2008 | Inside The Trader's Mind, Trading Tips, Types of Traders
There are traders that lose money month after month, and the reason is that they always rush into trades without studying them carefully and seeing which way the trend is going or waiting for any sort of retracement before entering the trade. They see a breakout on a...
by Kirk Norwood | Jul 31, 2008 | Emotions, Inside The Trader's Mind, Money Management, Planning A Trading Career, The Disciplined Forex Trader, Topics To Study, Trading Strategies, Trading Tips
A trader must see the big picture in trading to survive and prosper. If you only look at the small time frames you are only seeing the foothills of a tall mountain. It is necessary to look at the larger time frames and trade in the direction of the larger trend....
by Kirk Norwood | Jul 30, 2008 | Inside The Trader's Mind, Money Management, Planning A Trading Career, Trading Tips
Trading is all about making money. If you are doing it for any other reason then you are doomed for failure. You need to trade from good old mechanical thinking, which is a mark of a good trader. You get a signal you make a trade you get another signal you exit a...
