psychology
Indecent proposal
I’m very much a student of human nature. That often leads me to conversations with people on all sorts of things. My story today is motivated by a few things this week. Firstly I had yet another brief conversation with a taxi driver. He took me from home to myRead More
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 isRead More
Support and Resistance
Support and resistance are absolutely important concepts for all traders. Supporting what – and resisting what – are the questions that most new traders ask in their own minds. The easiest way to imagine ‘support’ is by reference to physical analogies. Forget about charts and trading for a moment. HaveRead More
How Technical Indicators can fail
Most noob traders get over excited about technical analysis. They spend much time working out how they work and trying them out. However, the story is the same for most experienced traders: they tend not to rely heavily on technical indicators; relying more on knowledge, skill and experience. No –Read More
The enemies–the fuller list
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’reRead More