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 | 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 31, 2009 | Create Trading Plan - Series, Trading Program, Trading Strategies, Trading Tips
As part of you trading plan you should find out your win-loss ratio. This can be done by using the “Trade Trackerâ€. When you purchase launch Pad you will find the “Trade Tracker†as one of the tools. By tracking groups of say 20 trades at a time, and...
by Kirk Norwood | Jul 29, 2009 | Create Trading Plan - Series, Trading Program, Trading Strategies, Trading Tips
New traders try to learn how to do everything and never become good at anything. You must narrow your trading focus to grow. Look at your current personal schedule. What time do you have available to trade? Why are you trading in the first place? You'll...
by Kirk Norwood | Jul 27, 2009 | Create Trading Plan - Series, Trading Program, Trading Strategies, Trading Tips
The single most powerful trading tool on the planet is a trading plan. Now before you roll your eyes and run for the hills, let me clarify. I am not referring to an academic exercise from a book. I'm talking about a simple plan that details who you are, what you are...
by Kirk Norwood | Apr 13, 2009 | Trading Program
When a trader can't pull the trigger to get into or out of a trade it is because they don’t fully understand what it take to be a successful trader. A trader is gong to lose but he needs to win more than he loses and have the wins larger then the...
