Having discussed the need to ensure your cash is secure, and that you are satisfied with the way your cash is held by your stock broker, this week I will take a look at how your shares are ‘held’ by your broker. I will also briefly cover what happens in the CFD and FX markets….
Gary Stone Journal
Find the right trading environment for you
The recent collapse of brokerage firm Sonray Capital Markets raises a number of issues and questions that are important to all investors – not only those trading Australian shares and CFDs, but traders in all markets and all instruments. Reports from the appointed administrators suggest that SONRAY has lost around $46 million of client’s funds…
When things go against you – part 3
A better way to think about bear markets The beauty of long bear and sideways market periods is that they are almost always followed by long rising market periods. The majority of the time, the longer and stronger the bear market, the longer and stronger the bull market that follows. This is how consistently successful…
When things go against you – part 2
Thinking about the markets from the market’s perspective can remove fear from the equation by creating a belief that down markets are a necessary part of market behaviour in the future and just as tradable as low market risk periods. If you think from the paradigm of your business, your job objectives or from your…
When things go against you – handling drawdown
Research shows that the average down market lasts three to four months. However, it is not the short-lived down market periods that active investors should worry about, but the occasional longer and sustained down market periods, such as the one we are now experiencing. All ‘long’ strategies, whether they are Buy & Hold or more…
How low can the All Ords go?
This week I have moved away from psychology training as I feel that it is important to add my commentary on the current market conditions. I’m not one to normally predict the direction of the market. To be honest I don’t get caught up in the economic noise or the negative press articles on the…
Right mindset – Part 3
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,…
Right mindset – Part 2
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….
Right mindset
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,…
Processes and outcomes
Once you have accepted achieving consistency as your major skills goal, what other skills goal can you set? Perhaps you could set a goal to become the ‘perfect trader’. What would this mean – no losing trades? Is this possible? I can assure you, it is not. Randomness will take care of this. A perfect…
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