by Kirk Norwood | Jul 23, 2008 | Emotions, Inside The Trader's Mind, Money Management, Planning A Trading Career, Trading Strategies, Trading Tips
We talked about the amount of risk a trader has in the market now it is time to talk about how you feel about money. If you have a big attachment to money then it will cause a big emotional strain when you lose some of the money. One of the hardest things a new trader...
by Kirk Norwood | Jul 22, 2008 | Emotions
One of the biggest mistakes a trader can make is to over trade their account. They can trade too much of their account or have two much on one trade. The more a trader puts on one trade the more emotional energy they use. Eventually they could blow up their account...
by Kirk Norwood | Jul 21, 2008 | Inside The Trader's Mind, Planning A Trading Career, Topics To Study, Trading Strategies, Trading Tips
Trading any of the financial markets is a one on one activity. If someone is going to do it for you it is you. You will need to follow a trading plan and guess who is going to have to write that trading plan. You can get examples of how to construct a trading...
by Kirk Norwood | Jul 18, 2008 | Emotions, Inside The Trader's Mind, Planning A Trading Career, The Disciplined Forex Trader, Topics To Study, Trading Tips
When we trade properly we need to know that we are using the law of probabilities. When you go to any gambling place you are playing with probabilities. The thing you already know is that the probabilities are in the favor of the house. When you use a trading...
by Kirk Norwood | Jul 15, 2008 | Planning A Trading Career, Trading Tips
I have had a few days away from trading. The time has been spent with family and just traveling around the country. We are in Wisconsin right now actually and I thought I would check some email and glance at the charts for a little bit. I had a trade on and was taken...
