The trading errors I mentioned last week are all the manifestation of poor trading psychology. After making such errors, a trader with this poor trading psychology would typically blame a third party for their trading errors. This may be their broker, a newsletter, the market, their software, their job because they were to busy at…

This week I have extracted a section from the SPA3 reference manual which focuses on building the critical skills to re-train your mind for better Active Investment. Many of you will be able to relate to the thoughts and feelings derived from the market at a theoretical level but may not know how to actually…

The many comments and questions our company has received over the past few months as equity markets have been massively sold off and some portfolios have suffered significant drawdowns leads me to this weeks topic on trading and investing from the markets perspective, that is, becoming empathetic with the market. I have discussed aspects of…

The vast majority of equity investors tend to focus on developing their skills in individual stock selection, which is a difficult and time consuming endeavour. Not only that, but it is also an extremely difficult and inefficient way to increase wealth. Whilst we have all heard the stories of the “bloke next door who made…