Tag: lessons learned
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Is volatility your friend?
Every trader knows that volatility is the thing that is necessary in order for the price to have movement. But there are different kinds of price movements. Some instruments move in fairly neat directions up, then retrace and move up again. We all love these. There are some others that are ‘all over the place’.…
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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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Desensitisation, confidence and the crash
Following a winning run of trades a new trader is likely to think or feel, “I can do this!” This sort of feeling is like to come especially if they were big wins emerging from difficult trades that were not expected to win. We are human. There is that sense of victory over difficult circumstances…
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Dreamers exploited
The more I look around the net on trading courses, the more I come to think that there is a big scam going on. Some of the supposed greatest traders out there are selling trainings and courses. They’re selling dreams for the most part. Look, I just don’t get it – if you’re making millions…
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The two most important things in trading
It takes some time for the two most important things in trading to hit home. It’s easy to understand the words, but the meaning and importance come later. Limiting loss with sensible stop-losses is of the utmost priority. With a 60 – 80% loss rate which is not unusual, that’s where any profits made on…
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Confronting negativity
Negative things are often avoided by lots of people. Everybody likes a nice positive story. But it’s strange though, how bad news sells more than good news. Talk to the media houses. So at least people say to themselves and others that they don’t like negative stuff, but they’re all tanking up on it in…
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What happened with Disney?
Disney was a learning lesson for me. I lost going long at the Earnings Release – limited of course by my stop-loss. This analysis is about learning lessons – and about a possible opportunity to go long again (subject as always to the SYP). In summary: 1. Disney being a strong performer had always jumped…
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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…
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GBPMXN slaughter – power of the Relative Strength Index
The relative strength index (RSI) is an indicator used in what’s called ‘technical analysis’. As with most things you read it, you see it, you play with it, and you think you understand it. But for me – as happened recently – the power of the concept suddenly came home in live trading. My eyes…
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Getting the ‘fish’ ready for table
I’ve been thinking much more about strategy and planning. I’m appreciating even more how the fruits to be had from this approach. This hit home really well when on Friday 25th July 2015, I achieved a good profit on some trades, shown below. On reflection what I did very differently was to select Athenahealth carefully…
