One of the major challenges that unsuccessful traders need to overcome is to recognise or admit that they are making trading errors. Even though their trading results will always be a stark reminder that they are not making money in an environment that is an endless stream of opportunities to enrich ourselves. (Trading in the…
Following on from the interview with Kel Butcher the week before last and last week’s topic on applying knowledge, I would like to discuss the importance of the role that discipline plays in trading. Discipline is a critical technique that we use in life to build and ingrain habits. We require discipline to engender change…
Knowledge is mandatory to be a successful trader but knowledge alone does not guarantee success, much more is needed. The application of new knowledge requires that repeated experiences of the new awareness be executed many times over. Discipline is required to repeat the experiences in the face of fear and of unsuccessful individual outcomes. A…
In this weeks blog I interview author, trader and traders mentor Kel Butcher. Kel started his trading journey way back in 1989 and has been involved in the markets for just on 20 years. Kel is the author of A Step-by-step guide to buying and selling shares Online and 20 Most Common Trading Mistakes and…
The Australian superannuation industry has been in the news again this week with researchers Dr David Ingles and Josh Fear from The Australia Institute revealing some very interesting numbers on the industry. Their findings and research make interesting reading. I have extracted some information from their findings which add to my persistent calls for people…
