This week I’d like to hold my hands up to something I got completely wrong. But before I do that, I’d like to talk quickly about someone who’s getting it very right – this is something I think you should take a closer look at (if you...
It’s all very well being contrarian, but being bearish on gold is equivalent to walking down the High St with a sandwich board saying “The end is nigh …”. Of course, you could be right, but there’s glaring evidence to suggest that the sun...
The trading world is littered with educators telling us that they’re making thousands of pounds on each trade, but only risking 2% of their trading fund at any time. And telling you that you can do the same. That’s all well and good if you’ve a...
They say that history doesn’t repeat, but rhymes with, itself. I don’t know about you, but looking at the charts and reading the economic news, I feel like I’m stuck in the chorus loop of some bad Euro-pop anthem. With the US presidential elections...
Sick of getting stopped out? There’s a solution Gardening tips from a hedge-fund billionaire First feedback from beta-testers The life of a hedge-fund billionaire is not as easy as you might think. Poor old Louis Bacon or Moore Capital Management has had his...
When it comes to decision making in trading, I’ve three golden rules: – Be prompt and decisive. – Keep your risk small. – Accept that you’ll get it wrong a fair percentage of the time. The three rules are interlinked – they don’t work unless they are used together....
I often speak to traders who’ve dabbled in indices … and shares … but what they really want to do is dip their toes into the Forex markets. However, they’re hesitating. Why? Well, forex is often “bigged up” by traders as some kind...
I have a friend who I go out cycling with. He tends to take me on lengthy 60km exploits, that take a big chunk out of my weekend, leaving Mrs Maven looking less than pleased. Usually, he’ll send me a text to fix up a time. If I haven’t replied to that...
Price action is one of those trading buzz words that can be hard to pin down. But the truth is that there’s nothing mysterious or particularly complex about price action. It’s more about a different approach and philosophy to trading. The pure price action...
Price action is one of those trading buzz words that can be hard to pin down. But the truth is that there’s nothing mysterious or particularly complex about price action. It’s more about a different approach and philosophy to trading. The pure price action...
“You’ll never make a penny from it – you might as well blow your money at the racetrack or on lottery tickets!” Has anyone ever said that to you? When I started trading, I can certainly remember friends making comments along those lines. And in...
Before we litter our charts with oscillators… Bollinger bands… SARs… and moving averages… It’s a good idea to make the most out of the simple straight line. On any price chart, there are a number of straight, horizontal lines we can draw...
In my experience of talking to traders, they tend to fall between two extremes… Those who are frantically getting on with their daily lives, trying to grab a few minutes screen time between their day job and family life … And at the other extreme are the...
I’ve spoken to a lot of traders who’ve had a tough summer in the markets, so the good news is that there’s a chill in the air … the nights are drawing in … and hopefully markets will fall back into line as the big suits get back from...
Last week I discussed two key values in your trading that could cause you to lose money when trading. And how fixing the imbalance between these two values could make all the difference. This week I want to look at exactly what these values are … what can go...
Watching the Olympics this month, it’s very clear that the people who succeed are the people who put a huge amount of pressure and expectation on themselves. Success doesn’t come through luck, or cruising to victory (however easy Usain Bolt might make it...
I’ve been following a trading strategy that uses OCO orders for some time now – it’s a great trick to save you from screen time, and also to spare yourself some of the rollercoaster emotions that come with trading. I’ll be bringing you more...
I love that my job allows me to work from home. I love to hear the comings and goings of family life from the other side of the office door. However, come the school holidays, the joys of family life are get louder and louder … and frequently burst right through...
I’m not a fishing man, but I’m told that when you feel the fish biting, you don’t want to rush into pulling the hook. You need to let them really take the bait. Despite never having tried to catch a fish in my life, I reckon that I’ve a really...
Predictions for the Eurozone Last month I heard what have to be the wisest words yet on the future of Europe. They came from Howard Marks (not that Howard Marks, the one who’s CEO of global investment corporation Oaktree Capital): “I’m sure of three...
One of the greatest practical skills a trader can learn (after money management) is the ability to draw straight lines. Prices have long memories, and they tend to behave in the same way at key levels again and again. So, if you can draw a horizontal line at a key...
None of us like to get our stops hit. Which is why a trading method that will guarantee you never get stopped again sounds like the Holy Grail. But that’s exactly what I’ve been doing. Don’t get me wrong – I’m not saying that you’ll...
Binary betters and spread betters like to throw a bit of mud at each other. Spread betters will say that binary betters are just too small time. While binary betters accuse spread betters of getting into the markets over their heads, with little understanding of the...
I was having a drink with a venture capitalist recently, and he was gently lecturing me on controlling my urges around pretty girls. Every day, he told me, he sees incredible opportunities – stuff he gets really fired up about. People he knows will make it...
