by Kirk Norwood | Dec 8, 2008 | Disciplined Trader Series, Planning A Trading Career, Topics To Study
The first tool is your trading system or the methodology you use to enter an exit the market, your trading system. You need to be very good at the trading system before you can enjoy any success as a trader. Once you have mastered your trading system it is like...
by Kirk Norwood | Dec 5, 2008 | Disciplined Trader Series, Money Management, Planning A Trading Career, The Disciplined Forex Trader
A big win can take care of many small losses and a big loss can wipe out many small wins. It all boils down to money management, following some trading rules, and being disciplined. Enter a trade put on a stop loss take a small loss. -$8 Enter...
by Kirk Norwood | Oct 28, 2008 | Planning A Trading Career, Trading Tips
Every mariner knows that he must plan his voyage in advance in every detail. He must determine what currents will take him to his destination. What current conditions will be present or possible during the voyage. What supplies he will stock his ship...
by Kirk Norwood | Oct 22, 2008 | Planning A Trading Career, Trading Tips
We will all miss some trading opportunities - due to holidays, sicknesses, errands, personal matters, work, etc - We rarely go over the charts and pick "what-would-have-been" trades. Although we do, thought, go over the trades we did make and see what we did right...
by Kirk Norwood | Oct 13, 2008 | Emotions, Planning A Trading Career, The Disciplined Forex Trader, Uncategorized
We found this post at Forexfactory.com from a member named Neers. We thought it was kind of fun to see where you are in the trading process. When you read this leave a comment as to where you are a Enjoy the post! They are as follows: 1. We accumulate information...
by Kirk Norwood | Oct 8, 2008 | Planning A Trading Career, Trading Strategies
I am guessing that we all have clicked and hoped. Then we clicked again and hoped some more. We have entered trades not knowing what we were doing, having no clue, which way the market was going, or even how to determine which way it was headed. These are frustrating...
