The One Thing Every Trader Should Have In Their Trading

by Kirk Norwood | Aug 26, 2009 | Emotions, Trading Strategies, Trading Tips, Types of Traders

The One Thing Every Trader Should Have In Their Trading Back on January 17th, 2008, we posted a blog about the 6 things to leave out of the market.  They are: Emotion: Wanting the market to go a certain way. Revenge: Some people think they will get even with the...

5. Create a magnificent trading picture. 5 of 12

by Kirk Norwood | Aug 5, 2009 | Create Trading Plan - Series, My Trades, Trading Strategies, Trends, Types of Traders

Let your trading journal teach you what you need to do more of. Create collateral (a pile of good trades in your trade journal) that educates you and compels you to see the way you should trade. Make sure your trading journal include tons of examples of your...

4. Develop your core strengths. 4 of 12

by Kirk Norwood | Aug 3, 2009 | Create Trading Plan - Series, Entry Signals, Trading Strategies, Types of Traders

Identify the top three compelling strengths, you have uncovered for trading the currency market. Your strengths should be easy to spot. Then make those strengths the core foundation that you use when trading.  You may be good at picking entry points. You may be good...

Big Gain, Little Gain = Big Loss, Little Loss Which Is For You?

by Kirk Norwood | May 25, 2009 | Trading Strategies, Types of Traders

There are forex 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...

Drawdown’s Against Profits And Confidence

by Kirk Norwood | Feb 4, 2009 | Inside The Trader's Mind, Inspirational, The Disciplined Forex Trader, Types of Traders

(1 of 2) Kirk and Jed, I wish not to make this eloquent or excessive in verbiage.  With this being said, let me continue. This week was a difficult week.  Trading was down as were my emotions and confidence.  In times past, I would not let any given...

Become Good at Losing (16 of 26)

by Kirk Norwood | Dec 31, 2008 | Disciplined Trader Series, Inside The Trader's Mind, Money Management, Planning A Trading Career, The Disciplined Forex Trader, Trading Strategies, Types of Traders

We get a lot of questions and comments about what this means.  You should know by now that you will lose sometimes when trading.  That does not mean you will lose all of your account unless you use poor money management techniques or none at all.  It...