Category Archives

Archive of posts published in the category: Uncategorized

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…


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…


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,…


Meetings Then Some Trades

I had meetings this morning then I took some trades. I felt really good about the trades until one of them kept going in my direction after I bailed. I even considered re-entering the trade close to my previous entry after closing and…


Fixed Profit Objective Versus Let Your Winners Ride

I made some major mistakes the last week and a half with my trading after experiencing almost two months of perfect trading. With the Swiss Franc CHF, Eurodollar EUD problem, the market turned very volatile. The volatility was affecting all the currency pairs…

Journal your currency trades.

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