Sometimes you’re simply out of step with the market. It could be your strategy just isn’t suited to current conditions (even though you are executing with iron-willed discipline). Or it could be caused by something more personal: you might be a bit...
You might know I’m not a massive fan of technical indicators… (I’m talking about things like Stochastic Indicators, MACD, RSI and all those other exotic sounding tools.) If you’ve been following my stuff for a while you’ve probably...
There’s a not-so-secret secret to achieving smooth growth to your trading account that I’d like to tell you about. Well, there’s more than one ‘secret,’ actually. But let’s take things one step at a time. So, for today, imagine a...
It can be a real pain to carefully record the details of every single trade you take. But keeping accurate records, and referring back to them frequently, is hands-down the fastest way I know to improve your performance. If you capture a record of all your trading...
Imagine… you’ve learned to swing a golf club. You can strike the ball pretty good. 7 times out of 10 it even goes in the approximate direction you wanted. ‘Great stuff,’ you tell yourself. ‘Time to pack my bags and join the professionals...
You know, there’s a lot you can achieve by observing the natural world. And I’m not sure if I’ve been overdoing the BBC4 documentaries recently but it’s really been on my mind. I watched an engineering firm in Africa put a super-efficient...
There are LOTS of new traders in the markets at the moment. It’s a knock-on effect of people working from home or being furloughed from their jobs. So I’ve been nosing around some online trading communities. I’ve been trying to get a feel for what...
Calling day traders: I have something very interesting for you today. It’s a very interesting tool developed by one of my favourite traders: Jason Alexander. You probably already know Jason as the creator of Money Line, Renko Trader, Forex Fightback and AutoFX amongst...
Let me remind you of the 7 Habits of Underperforming Traders: They don’t respect the market They trade for accuracy instead of consistency They have unrealistic expectations They give up too soon They overtrade They don’t manage risk properly They are not...
I had a similar conversation with two different people this week… It’s about trends. Or more specifically: a) How do you know which ‘segment’ of a big overall trend to measure and work with? And: b) How far back in time should you go when measuring trends and drawing...
Controlling your emotions – that’s all successful trading boils down to… “Fight greed. Overcome fears of pulling the trigger on trades. Adjust your position size until you sleep easy at night…” They are all great pieces of advice. But have you ever stopped...
In the early 1900s, a wealthy grain trader lay on his deathbed. He’d lost his wife many decades earlier and had since dedicated himself to his three children. The children led lives of privilege. They’d been sent to the best schools and never wanted for a...
They’re doing an end-of-term performance down at the primary school next Friday. And Luke – my eldest – is a tribal dancer. So at the weekend we were on the search for tips to help him make it look realistic. He’d already raided his mum’s...
