You know, there’s a fine line between trading and gambling. One has you flying by the seat of your pants with almost certain disaster looming. The other has you operating with cool calculated professionalism. But to all intents and purposes you take the exact same actions either way. So how on earth do you separate […]...
You know, there’s a fine line between trading and gambling. One has you flying by the seat of your pants with almost certain disaster looming. The other has you operating with cool calculated professionalism. But to all intents and purposes you take the exact same actions either way. So how on earth do you separate […]...
You might think it’s only an idea, but this concept has been responsible for creating unbelievable fortunes. And it’s particularly well suited for making new trading strategies. What is this special sorcery I hear you ask? Well, think how horticulturalists might graft two existing types of Roses together to create a brand new strain that […]...
Before I start today, I’d like to invite you to an event. You are very welcome to join me on a free webinar I’ll be hosting tomorrow night, Wednesday 2nd October, at 7pm. We’ll be looking at volume profile analysis: one of, if not THE most powerful technical analysis tools available. So make sure you […]...
I first set off trying to find my own way through the trading jungle, just like you probably have. I bought the books, followed the ‘gurus’, set about looking for the Holy Grail (you know, the one system to rule them all!) But it was only when I stepped back and took a good long […]...
There’s lots of talk of a looming global recession at the moment. Not to mention the ongoing Brexit politics circus playing out here at home! So who can blame people for turning to potentially lucrative trading strategies in order to hit and maintain their personal financial goals? One thing concerns me though. Two things actually… […]...
There’s lots of talk of a looming global recession at the moment. Not to mention the ongoing Brexit politics circus playing out here at home! So who can blame people for turning to potentially lucrative trading strategies in order to hit and maintain their personal financial goals? One thing concerns me though. Two things actually… […]...
Let me tell you a bit about Richard Dennis… If you’ve not heard of him before Dennis was one of the guys behind the infamous ‘Turtle Traders’ experiment. He had a bet with his partner William Eckhardt that traders were made, not born, and he set about proving his theory right. (The film Trading Places […]...
As traders we deal with external stimuli. That means things that are happening outside your mind and body. And your brain filters each individual ‘stimulus’ event in two ways… it’s seen as either a threatening event or a non-threatening event. So imagine now logging in to your trading account. You’re checking progress on an open […]...
I’ve been chatting to some brand new traders recently. Some of them had the right idea of what trading is all about but a few of them were quite a way off the mark. I thought it would be a good idea to go right back to square one today. If you’re a brand new […]...
Let’s face it – it’s so tempting to find amazing entry points for trades… But how much time do you spend considering your management of open positions? The management of your trades is where you’ll almost always find (or lose) the discipline that makes or breaks your campaign. But we don’t always go into each […]...
Once upon a time I made myself a ‘million-pound spreadsheet’. It was a beauty to behold. I plotted a graph projecting a (theoretical) rapidly growing trading bank and I virtually worshipped the thing. I could probably dig it up on an old hard drive somewhere. And you know what, for my very first 8 weeks […]...
How do you learn to be a really good trader? A typical experience might be to learn a trading strategy, apply it to a demo account (or paper trade it) and then take it live once some virtual profits have been seen. And that’s a perfectly sensible way to go about things. Problems can arise, […]...
Remember the classic 80’s film Trading Places? Two rich old brothers swap the lifestyles of a beggar and a fancy commodities broker to settle a twisted $1 bet. They set out to prove once and for all whether nature or nurture dictates how successful a person can be. Needless to say, the whole thing blows […]...
I set off hacking my way through the trading ‘jungle’… I bought the books, followed the ‘gurus’, set about looking for the Holy Grail. You know, the ‘one system to rule them all!’ But it was only when I stepped back and took a good long look at what I was really trying to achieve […]...
