New Trader

Main Menu

Where financial traders gather

September, 2015

now browsing by month

 

Important books on Trading

In my post ‘Tools – not fools’, I left out books. At that time I had not read many good books on trading, so it was a terrible omission. I was preoccupied with learning from books that did mainly analyses of various sorts. I had focused less as most noobs do, on ‘trying to trade right’. With hindsight, I realise that it’s not about ‘how to trade’ but more about the psychological aspects of tradingRead More

Totally sickened

I’m totally sickened by the fact that many so-called expert traders (self-proclaimed) have monetised their various websites by charging a fee for memberships or selling courses etc. I do not mean attracting income from advertising of independent sources. Some sites advertise and take a cut from advertisers if members sign up to various services/opportunities. I’ve seen this phenomenon so many times. What is it with the so-called pros? If you’re making tons of dosh withRead More

Like playing rock guitar – Cesar Huesca

This could well be about playing piano or any other musical instrument. Trading is about developing a passion, persistence, pressing forward, practicing, making mistakes, living your dream. The same goes for those who excel and music. I only came across Cesar Huesca  by accident on YouTube. Other than that, I don’t know the guy from Adam! His interview struck a ‘chord’ in relation to trading. It’s the same steps to becoming an expert successful trader!! Read More

Automaticity

It’s an interesting word but not many know it’s full meaning. It isn’t about becoming an automaton. The Wikepedia definition of automaticity is, “The ability to do things without occupying the mind with the low-level details required, allowing it to become an automatic response pattern or habit. It is usually the result of learning, repetition, and practice.” By reading this post you’re doing ‘automaticity’. You no longer see individual letters. You no longer pronounce eachRead More

Confronting negativity

Negative things are often avoided by lots of people. Everybody likes a nice positive story. But it’s strange though, how bad news sells more than good news. Talk to the media houses. So at least people say to themselves and others that they don’t like negative stuff, but they’re all tanking up on it in secret. But what do I mean by ‘confronting negativity’? I’m talking more about self-defeating assumptions that lead to an overallRead More

Who the devil is Dan Zanger – and why should anybody care?

It’s an unusual name, was my first thought. There’s so much that’s going on in the world, it’s natural to think, “Never heard of him! Yet another guru?”. In fact there is only a small handful of photos of Zanger available on the internet. He’s little known outside of trading circles. Even in trading circles he’s not well known to a majority of people.   To get you going, wake up to these facts aboutRead More

Introduction to Harmonic Trading

I’ve been studying harmonics now for the last 6 months or so. It’s not been an easy task. This introduction is a summary of what I have learned about how they may be used and some of the difficulties. Harmonic trading is about finding and exploiting certain patterns that are regularly seen in all kinds of trading situations, across almost all time frames. There is overwhelming statistical and experiential evidence for their better than chanceRead More

Gifted or not?

There are some truly exceptional expert traders out there. Dan Zanger is such a person. He’s turned 10K into 18Million in 18 months. I shan’t be giving a list of similar persons. Google is your friend. Many a struggling trader will say or think to themselves, “These people are just gifted; it’s in their genes!” or words to that effect. Look, whilst some say that the Gods have created us all equally, the facts ofRead More