by Kirk Norwood | Sep 18, 2013 | Money Management
How to Safeguard Your Financial Life Several financial planners would agree that one of the foremost and important steps that you should take to protect your financial stability is to set aside funds as emergency reserve. The concept that you have the fund for...
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 | Jan 29, 2010 | dominating the fear of loss series, Money Management, Trading Strategies
One of the basic laws to be used with the win-loss ratio is good money management. A win-loss ratio can be improved with good money management. The first rule is to trade money you don’t need. If you don’t need the money then you can be more in control of your...
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 | Feb 26, 2009 | Money Management
We thought this was an interesting study on banks. Hope you enjoy it. Also if you are interested here is a quick link to some basic terms in investing that we found easy to follow Tips for Beginners to Retirement Investing Safe Banking in the United States...
