This week we begin to look at how to get from trading incompetence to trading competence. That is, moving ‘above the line’ on our competence matrix as shown in the figure below in order to achieve consistency and objectivity in our trading. Through trading in a disciplined and mechanical approach we are now able to…

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Typical attributes of the Unconscious Incompetence level that we discussed last week include relying on the advice of others as the basis for making trading decisions (including brokers, the media, hot tips, chat rooms, newsletters and forums – typically referred to as ‘market noise’), and having no clearly defined and unambiguous strategy, system or trading…

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Following on from the theme we have been discussing in the past 2 blogs on the differences between well recognised societal paradigms and how they differ from a market paradigm, let’s move on to discuss the development of trading competence. This topic will feature over the next 4 weeks as we examine the 4 stages…

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Continuing from last week’s topic “societal paradigm vs market paradigm” I’ve used another 3 examples of how our social paradigm can deter us from success in the market. Whilst the societal paradigms that we learn and adopt as part and parcel of our involvement in society stand us in good stead to co-exist amicably (most…

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“If you think you have discovered a great truth and it is not a paradox, I suspect you may be deceiving yourself.” – M. Scott Peck, author of popular self-help book, ‘The Road Less Travelled’ From an early age society, through our parents and our other experiences interacting with our social environment, teaches us fundamental…

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