Survival training for traders

Survival training for traders

Sometimes you’re simply out of step with the market. It could be your strategy just isn’t suited to current conditions (even though you are executing with iron-willed discipline). Or it could be caused by something more personal: you might be a bit off-colour health wise, or you might have other demanding things going on in […]

Why I prefer ‘Price Action’ over Indicators

Why I prefer ‘Price Action’ over Indicators

You might know I’m not a massive fan of technical indicators… (I’m talking about things like Stochastic Indicators, MACD, RSI and all those other exotic sounding tools.) If you’ve been following my stuff for a while you’ve probably noticed I lean more towards pure ‘Price Action’ when it comes to technical analysis. Now I’m not […]

What makes winning traders flee?

What makes winning traders flee?

There’s talk of a looming ‘Great Depression.’ So who can blame people for turning to trading in order to maintain their financial goals? One thing concerns me though. Two things actually… 1) New traders coming to the markets with their unrealistic expectations. You’ve heard me rant on about this one before, I’m sure. So I’m […]

How to beat money ‘mind-bends’

How to beat money ‘mind-bends’

There is much to be said for trading with real money. Even ‘small money.’ It’s a completely different world to demo trading because of the mental aspects of assuming risk. But expose yourself in a SMALL way to begin with. Especially since it’s so easy to trade micro-lots with most brokers these days. Build up […]

The ‘Cake-Slice’ secret of wily market wizards

The ‘Cake-Slice’ secret of wily market wizards

There’s a not-so-secret secret to achieving smooth growth to your trading account that I’d like to tell you about. Well, there’s more than one ‘secret,’ actually. But let’s take things one step at a time. So, for today, imagine a typical ‘advanced beginner’ trader… He’s been out and about in the markets. He has a […]

The secret to trading waves

The secret to trading waves

I had similar conversations with two different people recently… About trends. Or, more specifically: a) How do you know which ‘segment’ of a big overall trend to measure and work with? And: b) How far back in time should you go when measuring trends and drawing trendlines? They’re two questions that address at the same […]

The art of charts

The art of charts

The artist scrutinises his almost-complete masterpiece… Holding hand to chin and with narrowed eyes he steps away from the easel. He gives his canvas a good check-over from a few paces back. He steps to the left and dips his head for an alternative view that catches the light in a certain way. Next, he […]

All eyes, well my eyes anyway, on Cheltenham

All eyes, well my eyes anyway, on Cheltenham

This week I have been mostly….reading all things Cheltenham. It’s newsletter week for me here at What Really Wins Money Towers, and the February edition of the newsletter has been traditionally devoted to the Cheltenham Festival, so if you wanted to trial WRWM, and you like the Cheltenham Festival, well February’s newsletter would not be […]

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