As human’s we’ve been programmed by society to not accept the following situations on an event by event basis: • being proven wrong or not being right, • losing, • not belonging or missing out. This starts at a very early age as our subconscious is bombarded by experiences and words all indicating that these…

A competitive mindset will take you out of flow with the market and cause you to try to control and beat the market with whatever means you have. The typical weapons of choice are analysis and trying to predict price movement to prove that you were right and the market was wrong. Many novice traders,…

Because loss trades simply must occur, it must be accepted that it is impossible to achieve a trading record that only comprises profit trades—that is, a perfect trading record. Once this is accepted, it must follow that perfection or certainty for every trade is unattainable and that traders are therefore dealing within a probabilistic environment.…

Thinking from the markets perspective means forming connected ideas about what and when to buy and sell from the view of the facts and events in the market. The facts and events are movements of price in tradable instruments. If your perspective causes either positive or negative emotional feelings in you about the price movements,…

In last week’s post I discussed the concepts of consistency and objectivity in relation to the market and our trading and active investing activities. Over the next few week’s I will be taking a look at how we can achieve these skills that are essential to our long term success in the markets. While it…

I believe from my own trading experiences, from reading material by many trading authors and from reading Mark Douglas’ books and discussing the subject with him in the past that our primary trading goal must be to achieve consistency and objectivity in our trading and investing activities. Why? To explain, let’s start by defining these…

The last few months have been extremely tough going for medium term active share investors. This has been exacerbated this past week with a rapid increase in volatility and the markets once again moving into a high risk phase. Events such as these are not un-common in the markets and as traders and active investors…

To function and exist in society, we as human beings operate under a social paradigm or level of social conditioning that allows this to occur relatively smoothly for the vast majority. As traders and active investors in the markets however, these same paradigms can often be detrimental to our success and profitability. The decisions we…

We firstly need to understand what knowledge actually is. Many spruikers spruik that all you need is knowledge and they have the knowledge that you need to get ahead. Well I have some bad news for you, knowledge alone will not do the trick for you. There are thousands of well educated derelict people around…

Maybe you can now understand that there is more to investing than just making money. It is an ongoing journey and transition process of acquiring new skills and improving them. Sure, you could say that the same applies to golf, gardening or stamp collection but few other environments provide the magnified pressure cauldron such as…