There is natural rhythm in the universe. Day follows night, the tide ebbs in and out, the seasons change from autumn to winter to spring to summer and the fauna and flora all follow their natural processes during the season changes. Squirrels store acorns, birds and whales migrate, bears and snakes hibernate, trees lose their…
Gary Stone Journal
What is a good enough edge?
For those building a system I can only commend you for taking on such a challenging and potentially rewarding task. It must be said that it is not for everyone as the skills and focus required for developing an edge are somewhat specialised and niche. The 4000 plus hours I invested into SPA3 has taught…
Defining an ‘edge’
A trading edge is a set of entry and exit criteria that, when executed, will deliver profit trades that are sufficiently large enough to cover your trading costs and loss trades, and deliver you a positive return on your capital and time. The biggest strength of deploying an edge in the market is not the…
Trust your Edge
Traders employing a discretionary or subjective bias to their decision making can suffer enormous swings in their emotions – from euphoria when they get a winning trade, to dread and horror when they lose. Anyone hoping to achieve longevity and long term success in the markets can not trade in this way. It is simply…
Preparation
In all our endeavours in life, preparation before hand is vitally important. This applies to business, sport, trading and everything else that we do in both our personal and business lives. Those that take the necessary steps to learn and prepare themselves prior to an event generally have not only a much higher chance of…
Matter of Confidence
Following on from last weeks blog on executing good trades, this week I will look at the issue of confidence from a trading perspective. The dictionary definition of confidence is ‘a feeling of reliance or certainty’. Here’s another positive way to define it:- Confidence is thinking about, and concentrating on what you want to happen….
Executing good trades all the time
At this point in the stock market’s overall phase many people are blundering around wondering what both the market and they as investors will do next. Is the market in a consolidation phase, is this a dead cat bounce in a continuing bear market, or is the 15% rise from the recent trough the start…
The Duality of Trading
Duality occurs in every part of our lives yet most people don’t recognise and understand this. This lack of understanding leads to too much significance being placed on one side of the duality equation which causes imbalance and disturbs equilibrium. There are positive and negative poles on either side of life’s equations that we deal…
How much is too much??
Following on from last week’s blog on the Storm Financial debacle I thought this week we could take a look at an issue that irks me and fellow independent traders and investors – the issue of the fee’s charged by fund managers and financial planners. As many of you are well aware these fee based…
Cooking up a Storm
The current controversy surrounding Townsville based financial planning group, Storm Financial Group, should serve as a wake up call to ALL Australian investors – not only those that invested through the use of Storm’s highly geared, and ill-advised strategy, but everyone involved in the stock market. Storm’s plight needs to serve as a wake up…