How to find your #1 personal trading strength

How to find your #1 personal trading strength

It can be a real pain to carefully record the details of every single trade you take. But keeping accurate records, and referring back to them frequently, is hands-down the fastest way I know to improve your performance. If you capture a record of all your trading activities faithfully and with complete honesty (that means […]

5 steps to relieve trading pressure

5 steps to relieve trading pressure

Imagine… you’ve learned to swing a golf club. You can strike the ball pretty good. 7 times out of 10 it even goes in the approximate direction you wanted. ‘Great stuff,’ you tell yourself. ‘Time to pack my bags and join the professionals on the PGA tour’ What…? Don’t you think it’d be a bit […]

3 ways to the perfect exit on your trade

3 ways to the perfect exit on your trade

“If I’d only exited at hard target I’d have made twice as much on this trade!” [Two hours later…] “If I’d only trailed a stop on this trade I’d have trebled my profit. The exit at hard target has cost me dearly on this one!” Argggh! It’s so frustrating, isn’t it? There never seems to […]

The Long Bad Thursday

Not to be mixed up with the Long Good Friday starring the late Bob Hoskins who I am beginning to resemble. This week has mostly been spent dreading my annual visit to Thai immigration to get my visa.  The last time I went, it took 13 hours. Yesterday’s Long Bad Thursday was not quite as […]

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Welcome to 2021.

I hope you had an excellent Christmas and New Year celebrations. With lockdown biting in the UK, will horse racing and other sports continue to be played? It looks as if tennis will be continuing as normal with a series of tournaments preluding the Australian Open on 8th February 2021. If these tournaments are set […]

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Why I’ll never trust trading bots

Why I’ll never trust trading bots

A question arrives from a TN reader: ‘Aren’t you contradicting yourself when you’re dissing off the peg “forex systems” at the very same time you’re promoting the use of them?’ It’s a fair point and one that probably needs a bit of explanation. My outlook can be stated like this: -> System = closed-book, inflexible […]

How to escape the Trader’s ‘cycle-trap’

How to escape the Trader’s ‘cycle-trap’

Our lives are ruled by cycles. The annual cycle of the Earth circling around the Sun… The cycle of the Moon… The monthly cycle of your salary landing in your bank – hooray! And then watching it go whizzing out again as the cycle of direct debits and standing orders kick in – boo! The […]