Record keeping that improves your trading

Record keeping that improves your trading

If you capture a record of all your trading activities faithfully and with complete honesty it will become THE most valuable trading tool you have in your possession. Here’s why: It will let you clearly see your strengths and weaknesses at a glance. Once...
7 habits of highly incompetent traders

7 habits of highly incompetent traders

So, over the next few weeks we’re going to be looking at effective habits for traders. Any long term result in life – including successful trading – will almost certainly come from a build-up of the many small steps and actions you take along the...
The First Hard Lesson I Learned as a Trader

The First Hard Lesson I Learned as a Trader

Once upon a time I made myself a ‘million-pound spreadsheet’. It was a beauty to behold. I plotted a graph projecting a rapidly growing trading bank and I virtually worshiped the thing. I could probably dig it up on an old hard drive somewhere. And you...

5 signs you’re gambling not trading

I’ve just spent an entertaining evening teaching the evils of gambling to my two boys… At the weekend my eldest asked what a casino was. There had been something on TV about Caesar’s Palace in Las Vegas that caught his eye. And then after dinner last night we were...
2 ways to milk the most from your trades

2 ways to milk the most from your trades

As soon a trade starts to show nice profits do you get an urge to cash-in? Today, I’m going to show you two little tricks my mentors taught that helped me overcome this problem. They’ll be useful for you to know because cutting profits short is something almost...