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…
Gary Stone Journal
Consistency and objectivity
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 ultimate challenge
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…
Current market conditions
Over the past few months Australian traders and investors have witnessed a divergence between the All Ords and the Dow Jones Index. Whilst this ‘de-coupling’ has been going on for some time with the USA indices rising by more than the ALL-ORDS, only recently has it had a negative impact on Australian sharemarket investors. The…
Human decision making
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…
Tiger Woods and the GFC
I read an interesting article in the New York Times recently on the rise and fall of Tiger Woods and comparing this with the rise and fall of certain sections of the financial industry in relation to the Global Financial Crisis. Much is often made of the similarities between the psychological aspects of sport and…
Has anything changed?
Please let me start this Blog topic by declaring that by no means am I a qualified economist. But I feel compelled to add my two cents worth on a recent email doing the rounds that originated from Ross Greenwood. The numbers and statistics quoted in the email below are staggering and you have to…
Having an exit strategy
Whilst the vast majority of share investors, educators, analysts and commentators concentrate on entry signals – when to buy stocks – almost to the point of obsession, fewer still are prepared to discuss appropriate exit strategies. Exit strategies are vitally important to acheive success as an active share market investor. Without an appropriate strategy to…
The bottlenose dolphin and its edge
This week we take a light hearted yet serious look at what it means to have an ‘edge’. In the natural world animals develop skills and characteristics that allow them to prosper and survive often under strange and adverse conditions. This process of evolution gives those that develop these skills a survival advantage over those…
Designing a trading methodology – Part 8 – A brief recap
Over the past 7 weeks we have had a detailed look at the steps and processes involved in trading system design and development. Briefly recapping, these steps are:- Step 1 – Developing a Traders Mindset, and accepting that losses are just a part of the business. Step 2 – Identifying the tools and resources needed…
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