The act of completing a trade, in essence, is very simple. A trade is simply executing a buy order, holding the ‘open’ position for a period of time and then executing a sell order. Selling short would be the opposite. The physical act of a trade is very simple. The two transactions (buying and selling)…
As traders and investors, forgetting the past is not always a good thing. In order to learn and grow as successful investors we must learn from past mistakes and put rigour and rules in place to overcome the variables at play in the market – variables over which we have no control. The “largest loss…
Focus on, enjoy and love the execution process and outcomes will be positive; focus on the outcomes and the opposite will happen; they will be negative over a large sample of trades. This is yet another trading paradox, the degree to which you focus on outcomes will be the degree to which you will be…
For more than 10 years I have had thousands of ‘wannabe’ traders come along to listen to trading methodology demonstrations, with the great majority saying: “Just give me a trading system that is good enough for me to make money—I have no problem with the psychological side of things.” Wrong, wrong, wrong! The psychology, that…
