I’m not going to turn this week’s email into yet another “what to do in the face of Covid-19” missive. I’m sure your inbox is crammed full of that kind of stuff already. Mine certainly is! What I’m going to suggest instead is that you treat this remarkable period in history as an invaluable part […]...
I’m sure I don’t need to ask, but… Holy smokes! Did you see the market carnage on Monday? Crude Oil down 30% at one point… S&P Futures hitting the ‘circuit breaker’ and trading halted… interesting times indeed. Now when we look at events like this I’m going to ask you to think about the markets […]...
As traders we’re taught to perform in an almost robotic way. We each have our system for approaching the markets and here are many different systems. But is such a ‘mechanical’ way of doing things really best? In 99% of cases I think it is. But I also believe the ultimate way of trading is […]...
I’m taking us right back to basics this week. If you’ve been bitten by the trading bug and are getting ready to move things up a gear, let me give you some words of experience that’ll help. These are five of my top tips that will help you to trade well from home. 1) Trade […]...
Do things like interest rate policy and employment statistics bore you to tears? You’re not alone. High-level economic data is often headline news, but goodness me it can be pretty dry and boring stuff to read! I’ve received a few emails from traders who think the same. Their most common question usually goes something like […]...
Let me tell you about ‘scaled exits’. There is nothing new about scaled exits. You’ll read about the old masters of trading scaling out of their trades, they were doing it a hundred years ago or more. And scaling has always been a permanent fixture of the futures trading scene. Many futures order platforms actually […]...
Calling day traders: I have something very interesting for you today. It’s a very interesting tool developed by one of my favourite traders: Jason Alexander. You probably already know Jason as the creator of Money Line, Renko Trader, Forex Fightback and AutoFX amongst many others. He’s been developing software and tools that help days traders to make serious returns […]...
You’ve probably heard the old saying “What gets measured gets improved,” and it is true, you know. When you keep accurate records of your activities in the markets it can really help you spot patterns in your performance. Your records will show you any areas of weakness. And they’ll also show you areas where you […]...
Let me remind you of the 7 Habits of Underperforming Traders: They don’t respect the market They trade for accuracy instead of consistency They have unrealistic expectations They give up too soon They overtrade They don’t manage risk properly They are not willing to adapt to market conditions. Now those are 7 very common mistakes […]...
Happy New Year! The markets are back in action and the brokers returned to full and normal hours this week, so it’s back to business. Now the big thing at this time of year (of course!) is the dreaded New Year’s Resolution. The trouble is, whether it’s a new fitness goal or a new financial […]...
An email arrives from one my 4DFX members… When looking over the figures he has achieved from his trades over the last month he comments “such a profit situation does not seem to make sense to me.” So I thought I’d use the stats he sent in to illustrate precisely why you don’t need to […]...
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 […]...
The long awaited day had finally arrived… My eldest son (13) was ready for his first ‘proper’ mountain bike ride. So on Sunday we were amongst the snowy peaks of North Wales before sunrise. But when I was getting all our bits and pieces together in the garage the previous evening I came across a […]...
The long awaited day had finally arrived… My eldest son (13) was ready for his first ‘proper’ mountain bike ride. So on Sunday we were amongst the snowy peaks of North Wales before sunrise. But when I was getting all our bits and pieces together in the garage the previous evening I came across a […]...
I often hear traders say things like ‘you can’t go broke by taking a profit.’ And it annoys me. I think the key factor you need to consider is how much money you might be leaving behind by bailing out too soon! Leave too much behind on a regular basis and you can seriously choke […]...
