Trading by mail?

Trading by mail?

Did you know Liverpool had one of the first futures exchanges in the world? You probably knew that import and export was a big part of the city’s success in the nineteenth century. And yes, sadly, the slave trade played a big part too. But I had no idea of the history...
7 steps to winning the internal game of trading

7 steps to winning the internal game of trading

I was flicking through an old trading journal of mine the other day. It’s a bit tattered around the edges but those pages contain absolute pearls of wisdom. Now don’t worry, I’m not blowing my own trumpet here. These notes were from when I was still...
How to get faster results from your trades

How to get faster results from your trades

An email arrives from a particularly peeved trader. Two sentences he wrote say it all… (1)’ It’s almost magical the way I can see several promising trades but choose only to trade the two that stop me out, while the others usually go on to...
How to kill a trading account in 5 easy steps

How to kill a trading account in 5 easy steps

Autumn 2006. It was a Friday. Rumours were flying… there were big stop orders sitting 32 ticks below the current T-Bond price and the big players were going to go after them. All I had to do was jump in and get involved too. It made sense on the chart and I...
‘Spreadsheet Millions’ method proven to fail

‘Spreadsheet Millions’ method proven to fail

Have you ever done the infamous ‘Spreadsheet Millionaire’ exercise? It’s where you layout a foolproof master plan that proves just how quickly you’re going to trade your way to a million. All by averaging ‘just’ a 2% daily return. Because how hard can it be?...
How to follow market action in ‘High Definition’

How to follow market action in ‘High Definition’

You might run candlesticks as your day-to-day default chart, but when you’re doing your bigger-picture analysis you might look at line charts and bar charts too. They can all help bring additional bits and pieces to your attention: patterns or price features you...
5 reckless ways to ruin your trades

5 reckless ways to ruin your trades

Ever feel you’re not quite in control of your trading actions? Do greed and fear drive your decisions rather than a proven trading plan? Let me tell you exactly what signs to look for. And then I’ll tell you what to do about it. 5 ways reckless ways to ruin your...
How to beat FOMO

How to beat FOMO

A question arrives from Jin: “I have no problem identifying high probability trades and opening them. My problem is FOMO* on a big runner. So I end up getting stopped out at evens or a small loss after giving 20,30,40 points or so back. Even when I recognise I...
Getting into the swing (Marc Rivalland-style)

Getting into the swing (Marc Rivalland-style)

Welcome to the Traders Nest book club! If you missed last week’s email we’re working through a batch of trading books I’ve been asked to review. We put the titles out to vote and Swing Trading by Marc Rivalland won by a nose. So this is the first one...
How to get back into your groove after lockdown

How to get back into your groove after lockdown

Here’s what to do when coming back to trading after a break… The same principles apply whether it’s an extended weekend, or an enforced ‘trading vacation,’ like you may have had if you’ve been avoiding recent market volatility. The thing...
Which one’s safest – Forex or Shares?

Which one’s safest – Forex or Shares?

It’s everywhere at the moment. Some traders play it safe and wait on the sidelines. Others are convinced choppy markets are where their treasure lies. So let’s play devil’s advocate… let’s say you’re about step out and seek your fortune...
Medieval market manipulation

Medieval market manipulation

A while ago I watched a film about a crazy horse race in Italy… It was recorded in Italian with English subtitles but it had me hooked from start to finish (and since I speak barely a word of Italian beyond ciao this was quite something!). Twice a year, in...
What to do when chaos reigns

What to do when chaos reigns

I’m sure I don’t need to ask, but… Holy smokes! Did you see the market carnage on Monday? Crude Oil down 30% at one point… S&P Futures hitting the ‘circuit breaker’ and trading halted… interesting times indeed. Now when we...
5 ways to trade well from home

5 ways to trade well from home

I’m taking us right back to basics this week. If you’ve been bitten by the trading bug and are getting ready to move things up a gear, let me give you some words of experience that’ll help. These are five of my top tips that will help you to trade...
The 3-minute ‘common-sense trading’ checklist

The 3-minute ‘common-sense trading’ checklist

Happy New Year! The markets are back in action and the brokers returned to full and normal hours this week, so it’s back to business. Now the big thing at this time of year (of course!) is the dreaded New Year’s Resolution. The trouble is, whether...
What’s Missing From This Trader’s Screen?

What’s Missing From This Trader’s Screen?

Take a look at the picture above. There are no Bollinger Bands, MACDs, Moving Averages, RSIs or Stochastics… None of the esoteric charting patterns beloved of technical analysts… Fibonacci retracements, double tops, heads and shoulders… What you can see in the image...
Essential security for any trading account

Essential security for any trading account

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...
Imagine an Upside Down Pyramid…

Imagine an Upside Down Pyramid…

I often hear traders say things like ‘you can’t go broke by taking a profit.’ And it annoys me. I think the key factor you need to consider is how much money you might be leaving behind by bailing out too soon! Leave too much behind on a regular basis and...
The winning wisdom of psychopathic market monsters

The winning wisdom of psychopathic market monsters

Two groups file into a room…eyeing each other they settle into private booths. They’re about to do battle. To the left we have the psychopaths: the hooligans, the violent serial offenders, and worse. And to the right we have the financial traders. To win this game of...