Yesterday in our article titled; “Managing our emotions when trading; why you ignore this issue at your peril and why dreaming ‘works’”, we discussed how positive imagery can help reinforce positive expectations in our trading. We discussed how setting ourselves ‘imaginary’ but realistic targets can help ward off the many negative thoughts and emotions which […]
After yesterday’s sharp rise in equities markets in Europe and the USA, global markets retreated in Thursday’s afternoon session with European indices falling back sharply. This was despite various European agencies publishing positive data regarding the overall state of the European economy. The EUROFIN meetings also provided details regarding the next small tranche of funds
UK inflation has fallen by a modest 0.1% according to the latest figures published this morning by the UK’s official data agency, the ONS. The figure came in at 2.1%, versus expectations of 2.2%. However, with real wages in the UK only rising by 0.8% over the past year the cost of living gap continues
There was plenty of positive data, contained in the high impact news events published on Monday, which cheered the markets in the USA and Europe. After the wave of mainly positive European PMIs from Markit were published in the morning session (with the exception of France which appears to be heading back into recession), the
As traders we’re often ‘guilty’ of dreaming where our trading may eventually take us financially. In many respects projecting our ambitions into the future, by using our imagination, is a perfectly healthy occupation. We often like to point out that as retail traders we’re entrepreneurs running a small business and whatever small business we start
Sunday evening witnesses the publication of the Westpac consumer sentiment survey for New Zealand, the previous print came in at 115.4, the anticipation is for a similar result. The Japanese Tankan manufacturing index is published late Sunday evening, predictions are for a figure of 15, up from the previous month’s figure of 12. The non-manufacturing
Swing-trend trading analysis for the week beginning Sunday December 15th Read More »
Once we’ve traded on demo for a reasonable amount of time to finally test a strategy that we’re convinced has a positive expectancy and as such represents an ‘edge’, we should be adding to and perfecting our trading plan before finally moving up to trading real money. Within that trading plan we should make an
How many trades should we take in order to validate our trading plan? Read More »
In an echo of season’s past a relatively small European country, Slovenia, revealed that several of its banks require approx. €5 billion in order to pass the E.U. banking stress tests. This situation has a familiar theme to it, it’s reminiscent of the trouble Greek banks found themselves in during 2011. However, the relatively small
The days of European taxpayers footing the bill for bank rescues could soon be over. Overnight, officials in Strasbourg, representing the European Parliament and EU member states, agreed new rules for future bank rescues. Under the “bank resolution and recovery directive” created in Strasbourg, bond holders and large depositors will now be in the firing
The EU finally agrees a landmark ruling over future bank failures Read More »
The majority of retail traders are part-time, and we could put forward an argument that even the majority of experienced and successful traders are also part-time. In truth the actual ‘work’ we do on a day to day basis, once you’ve developed a trading plan that you can trade in a disciplined and emotionless manner,
