It is Spring Carnival time in Melbourne and the horses have come to town. It’s a great time of year where the Champagne flows and much fun is had. The fashion, beauty and food industries look forward to a well deserved boost but the big winners from Spring Carnival are the bookies. While punters hit…
A month ago I looked at the hard right hand edge of two charts in which a symmetrical triangle had occurred following a SPA3 entry signal, viz. INPH and ARWR. These are examples of real money trades that I entered in our publicly traded real money SPA3 NASDAQ Portfolio. The entries were triggered by SPA3…
Once in a while I select a comment from the blog that I think all bloggers will gain benefit from. This week I have chosen a comment left by Don. Last time I looked SPA3 didn’t make any investments in falling markets thereby missing out on profit opportunity. Response to comment by Don: Let’s firstly…
One of the realities of trading and investing in the share market is that we WILL suffer losses. Not every trade we place will make a profit, and many will actually be losers. It is this fact that we have to come to grips with and be able to fully acknowledge and understand to be…
In 1990, when I first got bitten by ‘the market bug’ and started spending hours and hours stooped over price charts and listed company financial statements, using technical analysis and charting was often likened to reading tea leaves or using voodoo to make decisions in the financial markets. This was the opinion of the great…
This week I’ll try to take a different tack on trying to explain the workings of a successful investment strategy, that of making a cake. Look at the list of ingredients that are used to make most types of cakes and typically most of the individual ingredients that are used in just about every cake…
Continuing from last week’s blog I have spent much of my time over the last 23 years seeking principles that exist in the market that are consistent with my investing beliefs (see last week). These are some of the market principles that I have discovered on my investing journey: Price trends exist in the market.…
In my posting last week I made this statement: “I have a predetermined set of simple actions that I will execute without any reservation, hesitation, fear, uncertainty or doubt. These simple actions are documented in the Trading Plan that guides my investing actions, habits, processes, routines, attitude and culture.” How does one reach the point…
Having made the initial choice to begin investing money in the share market, traders and investors are then faced with a huge number of choices as to how they will engage the markets and begin their investing and trading journey. Many of these are choices on a range of issues that they have not even…
In response to Julia’s comment on last week’s Journal posting I thought that I’d clear up what we do and explain that, whilst important, “stock analysis”, as Julia calls it, can be a very small part of being successful in the market. Julia asked: “Whatever happened to your stock analysis business? Have you retired? Firstly,…