Articles for tag: motivation, howto, psychology

SniperElite

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 ...

SniperElite

Using Trello for tracking and learning

Trello is an online information management system. Most ordinary people use Trello to manage to-do lists, manage projects and collaborate ideas. I’ve been using Trello in the last few weeks to track many opportunities, stalk a few, document my experience, and learn from mistakes or successes. Trello can easily upload images created in Tradingview or ...

SniperElite

Grasping the basics

Many new traders will find the whole business of ‘understanding’ what’s going on to be mind-boggling. After all there is so much new terminology and concepts to put together. Charts often appear to be confused and even video materials seem so filled with jargon. All this could be real deterrent to new traders finding their feet ...

SniperElite

Finding your bottom

This is not about your anatomy! Finding the bottom of an instrument (in the market) is not as easy as most might expect. The bottom is not a clearly defined point either. It’s often a band or range of price – as price varies around the so-called bottom. There may be no one bottom. A ...

SniperElite

Honing my strategies [ER strategy updated]

It’s taking some time but I’m observing what I do and what I ought to do be doing more. Strategies are things in evolution. I’m still preoccupied with Earnings Releases (ER) because it is one time when share price can jump even when Wall Street or the DAX (GER30) are generally down. As mentioned in ...

SniperElite

Stalking COSTAR – again

The chart below shows a very observable pattern to COSTAR. It is doubtless a channel. The first thing that will come to mind is that, “It’s purely by chance.. there’s no reason why this is happening”. We may not be able to see the reason, but the pattern is undeniable. Amazingly this does not only ...

SniperElite

What’s a good stop-loss?

It’s a question that’s impossible to answer as it depends on several things – and each trade is different, as many things affect a particular instrument you’re trading. [An instrument is a stock (aka equity), commodity, forex, or whatever]. The really big and most important point of a stop-loss is to limit losses and limit ...

Tools – not fools!

The tools referred to here are ‘physical’ things – as against ‘psychological’. This is about some of the stuff that could be of use in learning or live trading. The quality of your tools matters much to the quality of your learning. And of course it goes without much saying that if you don’t invest ...

Somebody to teach me

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 ...

SniperElite

The market sniper-elite–videos

Francis Hunt (aka the ‘the market sniper’) is in a series of excellent video interviews on YouTube. Don’t miss this. This is absolutely golden stuff for all new traders – and even experienced traders. Time spent on this could be worth millions!! The full series is here. He talks about his interests and sports etc.how ...