Year: 2017
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No courses, no horses.
Over the last few months there has been much reflective practice. This is about looking back at what one has done in the past, learning and re-learning from mistakes, and understanding how novices to financial trading approach it. A mistake is usually, in simple language, recognising a genuine error that has happened. Learning from a…
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This is worth your next million
Lots of new traders are looking for a magic solution to make money. They come into trading as a sort of flirtation – to see ‘if it works for them’. It doesn’t. There are no hard statistics on this but Charlie Burton estimates that about 80% of people who begin trading a live account will…
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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…
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On luck, chance and prediction
In several posts the issue of luck and chance were touched on. There is a need to explore this further, as many who know little about financial trading believe it’s largely about luck and chance. Introduction It is important that words like luck and chance are defined here. Luck as a concept is outlined in the…
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Sniper attack on Brent Crude
It’s been a busy week for some traders. The following is a perfect kill with two shots to the ‘head’. The sceptical will argue that this is luck. But the topic of luck and chance will be explored further in another post coming soon. What is not shown in the 4H chart is the daily situation…
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Sterling causes excitement
Those who were watching Pound Sterling, would have seen some excitement recently. The Prime Minister, Theresa May, called a snap election on 8th June 2017. This caused the fainthearted to dump GBP for about 15 – 30 minutes. Snipers knew this was just a short high breeze. Then GBP rose like a phoenix for the…
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Turning the corner – what people don’t get and why
Well, well… what’s this all about now. I’m afraid you’ll have to read on. And if your dog needs a bath (and I don’t know if you who reads this has a dog and I couldn’t care less), then go bathe the dog! If you have time, look below at results of a true change…
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Mind the gap
Gaps are traditionally taken by new traders and some gurus, to mean that price will continue on balance, in the direction of the gap. In financial trading that is only true some of the time. Even if it is true, say 55% of the time, what does it mean for new traders? Nothing! Why? Because…
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FAQ on derivatives
Big disclaimer: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. No investment advice, is provided nor are any claims or promises made that any information here will…
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Mission Impossible – early notice.
What if there was a way to take money out of the markets (legally of course) without having to figure anything?! That must be the ‘Holy Grail’, some will say! And others will say IMPOSSIBLE!! And if you found the Impossible, would you share it? I don’t think so. Newtrader is investigating just such a…