The problem with trader’s brains

The problem with trader’s brains

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...
The secret of trading ‘stutter swings’

The secret of trading ‘stutter swings’

In an ideal world the market moves nice and smooth. It sets off strong in one direction (up or down, we’re not fussy) and we wait for a pause. We look for a little pullback. And then we enter the trade. This is the Continuation signal we’ve been examining...
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...
Last night’s crude joke…

Last night’s crude joke…

I have never seen anything like it in my life… In fact, I don’t think anyone else can claim to have seen it either! Last night, as the May 2020 Crude Oil Futures contract approached expiry, the price went NEGATIVE for the first time ever. At tea time here in the UK...
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...
Weird scenes inside the goldmine

Weird scenes inside the goldmine

I’m not going to turn this week’s email into yet another “what to do in the face of Covid-19” missive. I’m sure your inbox is crammed full of that kind of stuff already. Mine certainly is! What I’m going to suggest instead is that...
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...
How to profit from the ‘Petrov effect’

How to profit from the ‘Petrov effect’

As traders we’re taught to perform in an almost robotic way. We each have our system for approaching the markets and here are many different systems. But is such a ‘mechanical’ way of doing things really best? In 99% of cases I think it is. But I...
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 best way to scale out your trades

The best way to scale out your trades

Let me tell you about ‘scaled exits’. There is nothing new about scaled exits. You’ll read about the old masters of trading scaling out of their trades, they were doing it a hundred years ago or more. And scaling has always been a permanent fixture...
How to defeat the #1 danger to traders

How to defeat the #1 danger to traders

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...
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...
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...