From time to time it’s worth peering into the minds of some of the: ‘legendary’ traders, essayists and thinkers in our trading world, in order to see what their thoughts are on many of the aspects of trading we experience on a day to day basis. Of particular relevance is their ability to simply cut […]
Nassim Taleb’s major rules of thumb trading advice Read More »
Let’s be honest none of us actually enjoy the feeling of losing at anything we put our effort into, whether it be a competitive sport, a game, or ‘betting’ on the markets. However, one thing is for certain in trading, or betting on the markets, is that we will lose and we’ll lose quite often.
How well we cope with our losses defines us as traders Read More »
So we worked on our trading plan over several months, we honed the critical three Ms of: mind-set, money management and method. And arguably the fourth M; our motivation, was also at a high, given that we were convinced that our method, tried out in demo forward testing, after back testing vigorously over recent months,
System hopping can kill your account balance more quickly than poor trading Read More »
Copy trading is a relatively new phenomenon in our trading world and as a consequence it’s still very much misunderstood and often maligned. The procedure and process is very straightforward; many brokers, who offer copy trading services, have a leader board of client-traders who have decided to share their trading history, for a small fee
From time to time it’s worth reminding ourselves why we came into this industry and in doing so we’ll hopefully redefine our vigour, our purpose and personal targets. There is no disguising, or any added sophistication needed in order to explain why the vast majority of us come into retail trading and we want to
There is one aspect of trading that none of us are prepared for once we discover trading and immerse ourselves in the process – trader pain. There isn’t a trader we’ve met through the years, conversed with over the telephone, or through email who hasn’t experienced the emotion of pain when trading. For the vast
The majority of readers of blogs and forums are relatively new to trading, in as much as they’ve been trading for less than five years. During that time they’ll have experienced just about every market condition the markets can create. In fact since 2008/2009 we’ve witnessed incredible ‘once in a lifetime’ turmoil in our markets.
We’ve devised a method that ‘works’ well; the drawdowns are minimal, the losses are small and very manageable. Like any trading method it experiences short, but manageable losing streaks. We’ve back tested the method for approximately six months now and the question remains is this a long enough period in order to make a realistic
There’s a strange phenomenon taking place in the UK’s premiership title race at the moment and its relevance to our trading world will become apparent as we expand this article. The current champions of the league, Manchester United, are lying seventh in the league having been humiliated by one of their fiercest rivals Liverpool over
How do we get that winners’ mentality back? Read More »
There are many figures published regarding the win loss ratio of traders. Some writers and publishers put the losing rate as high as 95%, certain brokers cite a 75% losing rate, others will suggest that it’s much smaller, at perhaps 50%. What is for sure is that you’d have to be an exemplary supreme human
