National Trainer Kevin Dixon has been in the trading industry for more than eighteen years and joined The Wizetrade Group four years ago. Kevin gained extensive knowledge of the market as a licensed representative and Team Manager at Fidelity Investments where he served for over five years. When asked what he enjoys about working with Wizetrade and CommandTRADE customers, Kevin explains, “I appreciate our customers’ commitment to their success, and one of the greatest parts of my role at The Wizetrade Group is the personal interactions we share with them. At the end of the day, I just want everyone to be a successful and profitable trader.” Kevin and the entire CommandTRADE team now have their own channel on Wizetrade TV: Channel 3! Be sure to check the schedule on the Wizetrade TV Player, or view a PDF format of the schedule here.
I enjoy getting questions from people who are just learning to trade for the first time. Sometimes people feel too shy to ask what they perceive as a “dumb question,” assuming they should know everything, but when you are a student in the market there is never a dumb question. And you will never know everything. The most important thing is to feel comfortable trading your plan and as a Wizetrade TV analyst I am there to teach, encourage and console when necessary. And I really like being involved with our community of traders and sharing in our success together!
Winning the trade of course!! The fun part comes with the ease of trading once you remove the emotion and really trade your plan. You feel empowered and confident in what you do. Once you find your trade plan in CT/CTFX, you tend to think you should be doing more—but all you really need to do is make money. The FUN comes in what you can do with all the free time away from your computer! Also, in CTFX particularly, you are able to get a better night’s sleep, which is fun in and of itself.
Lack of focus. People tend to chase the hottest idea or stock of the day when really they should find 3 or 4 strategies to focus their plan on and become proficient at them before moving on to the next strategy. Ten people can have ten different opinions, and there is never a “one answer fits all” to any question. Focusing your plan on a few strategies makes the market smaller (because you are familiar with the rules in your plan) and means that all you are looking for are stocks or currency pairs that fall into YOUR plan. This mentality and plan of action will reinforce your success!
Discipline and following your plan. It is not only when to trade, but when not to trade. When a trader turns on their computer that day, they came to buy or sell something which may not be the best idea. But hey, they came to trade and that is the only time they have. The best way to combat this is by truly understanding why you trade and what you trade. Know the rules and stick to the plan!
In a past life I was a traveling musician! I have played and sang my way across the country since the time I was 5 years old and still cut a rug every now and then when the inspiration hits me! From Jazz to Salsa, I love it all!
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