Can anybody teach you how to have a first major sexual experience? Chrysst! Do you go to mum or dad and say ‘teach me’? Does reading a book or video on it actually teach you much? I’m afraid this graphic example is only to suggest that you can read all about it – but doing it is another matter entirely. Beside knowledge about the ‘mechanics’ of it, you still gotta learn from experience how toRead More
There are many traps out there. This one is typical. Don’t get caught up before an earnings release.
How’s about a £5000 loss in a matter of minutes – yes that’ll be painful to most people. I’m sure you’ll read on – but learn from this. Let my pain be our gain. Too often traders talk only about strings of significant wins, and losses are under-represented. I break that ‘rule’ right here. The annotated screenshot below shows how risk that one is blind to can cause pain. But I gain from the painRead More
The list of enemies is probably the most important thing for all new traders. In other posts I’ve referred to ‘the enemies’ within. The fact of the matter is that the obstacles and failures in trading are due to the hidden enemies. These are enemies in the mind. Sometimes they’re not ‘so hidden’. Traders may be aware of them but unable to do anything about them. I don’t propose to give instructions on how toRead More
Financial trading of whatever type is a very difficult ‘game’ to play for a number of reasons. When you’re faced with an insurmountable obstacle, when you’re losing, when you feel rotten at doing something for months on end – especially something new and well outside of you usual zone of comfort – what do you do? A lot of people will say to themselves, “I can’t win.. I don’t have what it takes.” They areRead More