Mainly what it isn't
What is technical analysis?
When I first started off learning TA, I thought it was ‘technical’. There is nothing technical about it. Technical tends to mean something very complex. It’s not that. TA is a strange two words. Actually, there is little in the way of analysis with pen and paper. Almost never isRead More
The natural bias of price direction
This is about looking at candles or price and the mind noticing that price is going in a particular direction. So a trader comes to think naturally that ‘it’s going south’ or ‘it’s going north’. Taking a position on this sort of observation often turns out to be wrong. AllRead More
The nature of expectation in financial trading
On several occasions I’ve referred to ‘expectation‘ as against ‘prediction‘. I can expect a delivery of a package at my home this morning (for example) but that does not mean I know it is going to arrive for certain ‘this morning’ or that I predict that it will. ‘Expectation’ meansRead More
The limitations of rules in trading
Why there are no rules
Many new traders are brainwashed by various experts out there into believing that there are certain rules in trading. For example some say, “Never margin to more than 10% of your account size.” Others go, “Ignore the RSI totally.” Traders can sometimes become confused about what they refer to asRead More
Learning about trends – smelling them
It’s often thrown around that ‘The trend is your friend’. I had heard or read these words several times in the last three years. I understood the words and the idea behind it. It is not a difficult thing to understand that the prices of instruments in markets move inRead More
Your first or next million?
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 beginRead More
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 atRead More
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. NewtraderRead More
Protected: Rewrite your psychology, else you’re doomed.
There is no excerpt because this is a protected post.
Nerves of steel – like Formula 1 racing.
Many new traders are unaware that they actually need nerves of steel. Some will argue that ‘nerves’ are not part of the equation – if one is truly in the so-called fearless state. But hang on – on the way to achieving that state, there will be ‘nerves’. It’s noRead More