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 | 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 | Jan 4, 2010 | dominating the fear of loss series, Exit Signals, Mentor's Corner, Trading Strategies, Trading Tips
If you have learned a good trading system and know the mechanics of entering and exiting trades and you can make money on a demo account, this does not meant you have the temperament to trade successfully. Most people can learn the mechanics of trading and talk the...
by Kirk Norwood | Nov 13, 2009 | Trading Strategies, Trading Tips, Trends
Early in my working life I became a shift manager. When a rush of work came in I would jump in and start working right along with the other members of the team. My supervisor suggested that I not jump in and do the work but look at the big picture and direct the flow...
