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So did you get it right?

Did you get it right? This is an important question for new and seasoned traders to think about – but there is a problem with it. So you made your best risk assessment, decided your entry point and stop-loss and you entered the trade. What happens next? Many a new trader would spend some time looking at price movement shortly after. There’s a ‘Yes!!‘ sort of feeling if early on price moves into positive equityRead More

Coping with volatility – the value of experience

This post continues from ‘Is volatility your friend?‘ The emphasis here is on copying with volatility. ‘Coping’ is a psychological thing. New traders will have emotions and it is no good denying this or avoiding it. The screencast below brings out what tends to happen with new traders when price moves in the ‘opposite’ direction (full screen view is best). There is no magic formula or advice on how to cope with volatility. This is whereRead More

What is gambling?

Gambling is a bad word and a bad thing for most people. Strangely enough at September 2014, it was estimated that “70 per cent of UK adults, more than 32 million people, play the lottery on a regular basis.” This means that 70% of the UK population are gamblers. The percentage of people taking chances on the Lottery have varied from 32% to 70% in 20 years. Concepts So what is gambling? Some say investing in stocks is gambling. OthersRead More