Strategy

How to see the markets in ‘High Definition’

There’s no doubt about it, good trade management is a skill that can only develop through conscious practice. There’s no real short cut other than to expose yourself to the feelings and emotions you’ll go through as you put real money on the line. Unless you have psychopathic tendencies (the good kind!) of course, in […] [...]

When should you pay for ‘performance enhancement?’

We’re pretty lucky as home-based traders. Almost all the tools we need are free. But, there are small investments you can make in certain ‘performance-enhancing tools’ that can really pay-off. The trick is to know where the point of diminishing returns lies before you decide to spend your money. That means asking yourself: – Am […] [...]

The essential ‘trade-slicing’ secret of wily market wizards

There’s a ‘not-so-secret’ trick to achieving smooth growth to your trading account that I’d like to tell you about. Let’s start at the very beginning… Imagine a typical ‘advanced beginner’ trader. He’s been out and about in the markets. He’s got a few tales to tell and earned some battle scars. And he’s going alright […] [...]

Why I’m a fan of scalping

I’d like to talk a bit about ‘scalping’ today. Especially since the meaning of the word has shifted somewhat in recent years. “Scalping” can sound a bit intimidating, like you need to be some kind of psychopathic mercenary to do it. And it’s not for everyone, no single way of trading is. But let me […] [...]

How to ‘hunt’ trades using primal wisdom

I was watching a good Bruce Parry documentary at the weekend. He goes and lives with the Penan people. They are one of the last pre-agricultural hunter gatherer societies that live nomadically. Now their society may not be ‘advanced’ – at least according to Western measures – but each member knows exactly what he or […] [...]

The double-lazy ‘3P’ power formula

A heart-warming message arrives from Rob S: ‘Major Personal Milestone!’ he declares. He goes on to say how he’d achieved a 7% profit on account for the week. And this all coming on the back of a very fast learning curve – Rob started trading from scratch only around 8 weeks ago, as a member of […] [...]

How markets get manipulated (and how you can do it too)

An email arrives from a worried reader… He’s been watching an online trading video where it was announced – shock! – that the financial markets were being manipulated. That sometimes, when the price went up, it shouldn’t really be going up. And when the prices went down they shouldn’t really be going down. The video […] [...]

The benefits of going fully naked on your charts

You might know I’m not a massive fan of technical indicators… I’m talking about things like Stochastic Indicators, MACD, RSI and all those other exotic sounding tools. If you’ve been following my stuff for a while you’ve probably noticed I lean more towards pure ‘Price Action’ – following the 3 core data points of any […] [...]

The Reality Tunnel

I can tell when I’ve hit a proverbial hole-in-one (when it comes to educating on trading psychology). The emails come flying in and opinions are FIERCELY divided. Take last week’s missive on ‘winning through losing’… If you didn’t read it I shared the concept of deliberately losing money on a sequence of trades. This is a way […] [...]

How to manipulate the ‘winning through losing’ paradox

I’ve often thought how much time, money, and emotional despair would have been spared in my early years of trading… …if only someone had sat me down and given me a step-by-step plan to toughen me up a bit and expose my fragile ego to the realities of trading! But I had a bit of […] [...]