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...
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...
An email arrives from one my 4DFX members… When looking over the figures he has achieved from his trades over the last month he comments “such a profit situation does not seem to make sense to me.” So I thought I’d use the stats he sent in to...
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...
The long awaited day had finally arrived… My eldest son (13) was ready for his first ‘proper’ mountain bike ride. So on Sunday we were amongst the snowy peaks of North Wales before sunrise. But when I was getting all our bits and pieces together in...
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...
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...
It all started when Austrian financier Michael Marcovici kicked-off an odd art project. He wanted to show how highly paid jobs could eventually be replaced by machines. But I think even he was surprised by the results achieved in the end. First-hand experience of the...
You might think it’s only an idea, but this concept has been responsible for creating unbelievable fortunes. And it’s particularly well suited for making new trading strategies. What is this special sorcery I hear you ask? Well, think how horticulturalists...
You know, there’s a fine line between trading and gambling. One has you flying by the seat of your pants with almost certain disaster looming. The other has you operating with cool calculated professionalism. But to all intents and purposes you take the exact...
Before I start today, I’d like to invite you to an event. You are very welcome to join me on a free webinar I’ll be hosting tomorrow night, Wednesday 2nd October, at 7pm. We’ll be looking at volume profile analysis: one of, if not THE most powerful technical...
As traders we deal with external stimuli. That means things that are happening outside your mind and body. And your brain filters each individual ‘stimulus’ event in two ways… it’s seen as either a threatening event or a non-threatening event....
There’s lots of talk of a looming global recession at the moment. Not to mention the ongoing Brexit politics circus playing out here at home! So who can blame people for turning to potentially lucrative trading strategies in order to hit and maintain their...
I’ve been chatting to some brand new traders recently. Some of them had the right idea of what trading is all about but a few of them were quite a way off the mark. I thought it would be a good idea to go right back to square one today. If you’re a brand new trader,...
Once upon a time I made myself a ‘million-pound spreadsheet’. It was a beauty to behold. I plotted a graph projecting a (theoretical) rapidly growing trading bank and I virtually worshipped the thing. I could probably dig it up on an old hard drive...
Keeping a journal is absolutely essential for traders. It’s the one guaranteed way you can improve your trading. And I think there are 2 parts to keeping good trading records. There’s 1) The Trading Journal and 2) The Record of Results. At first glance they...
If you already have some experience you’ll know full well it is certainly possible to trade from home around a day-job. You CAN get started with a very small trading bank (and it’s nothing to be ashamed of). And, if I’ve been doing my job properly,...
On Thursday 9th May you will receive a special invitation from me. It’s for my new 4DFX program. I’ve been dropping hints about it these last couple of months. And, behind the scenes here, it’s been creating a bit of a buzz. Traders keep emailing me...
A question comes in from a worried Trader’s Nest reader… “I’ve got this trade that’s well in profit. My usual strategy is to trail the stop loss so I can lock in some of the profits and then give the trade a chance to turn into a long-term one....
It’s Halloween tomorrow. So we’re off on a journey into the ‘dark underworld’ of trading… There are many ways to complicate the trading process and mess things up. And I wanted to get them all laid out in the open today. To beat these trading demons...
I’ve had emails from traders at their wit’s end. The new ESMA regulations have pretty much put them out of business. At least, as far as trading in their ‘old ways’ goes. Personally, I don’t think ESMA is a big deal. At least not for...
I’d like to talk about taking profits today…. I often hear traders say things like ‘you can’t go broke by taking a profit.’ But I disagree. I think the key factor to consider is how much money you might be leaving behind by bailing out too early.Leave too...
When markets cease to function properly, like they do from time to time… (I’m taking SHOCK events that send things spinning out of control) …most players make a run for the exits. They get the hell out and watch from the sidelines until the dust...
There’s no doubt about it, good trade management is a skill that can only develop through conscious practice. There’s no real short cut other than to expose yourself to the feelings and emotions you’ll go through as you put real money on the line....
