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Quote from a Pit Bull – Losing Streak

Quote from a Pit Bull – Losing Streak I have been reading the book Pit Bull – Lesson from Wall Street” Champion Trader, and I wanted to insert an interesting, long quote from the book. The chapter title is Never Short a Republican.…


Chat With Traders Podcast

One of things I like to do on the way home from work, in heavy Southern California traffic, is listen to podcasts in my car. If you haven’t listened to the Chat With Trader podcast, you are missing some good interviews with all…


Fixed Profit Objective – How To Keep Your Profits

Have you ever placed a trade, gain some pips, then watch all your pips disappear losing even more pips? Sound like you? How do you fix this problem? Fixed profit objective. When you enter a trade, have an amount of pips you are…


Here We Go Again, Not Another Broker!

I have been trading since October, 2007, and now I am faced with finding a new broker…again! What is it with forex brokers? I guess they are like traders, they come and go. I started out with GFT, Global Forex Trading. At the…


Trading and Gambling Compared

As a trader, has anyone ever commented to you that it sounds like gambling? I’ve had a few people ask me what the difference is, so let me summarize what I think about it. Let’s start with gambling. When you partake in any…


Expensive Chat Rooms Run By Successful Traders?

Why does it seem like everybody involved with trading wants to take your money? No, I’m not talking about the person on the other side of your trade or your dealer with their spreads and commissions. I’m talking about the trade educators who…


The Randomness of Trading

As traders observing the Forex currency market, we look for patterns to trade that will net us profits. The problem is that market is so random. Yes, there are patterns that occur over and over again, but the market is always changing or…


Characteristics Of A Losing Trader

Wow! I can’t believe it’s been this long since my last post. I have been so busy with my job change and living life. There have been a few times I wanted to write about my trading, just no time to do it.…


Trading Is A Marathon Not The 100 Meter Race

The other day at church while reading along in my Bible with the pastor, I was reminded of something related to trading. As a Christian, the passage has to do with the fact that we will never be perfect here on earth, but…


Lots Of Trades

So many trades, it’s time I start recording my trades. I took 5 trades so close together, that it is hard to remember what happen with each one. For evaluation purposes, that is not good. I ended up with 9 trade total: +1.6,…

Journal your currency trades.

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