Wanna A Bet

Betting on binary outcomes—such as the outcome of a drug trial—introduces a fundamentally different risk profile to most forms of trading. In conventional market environments, trades tend to fail gradually. Prices move against the position in increments, allowing the trader to respond: stops can be adjusted, positions reduced, or risk reassessed. Losses unfold over time,…

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Why Gold Isn’t Acting Like a Safe Haven

Financial markets contain certain relationships that appear sacrosanct. Traders are comforted by rules that never seem to alter, and by which they believe they could literally set their watches. One of the most persistent links is betweenmadness in the Middle East, rising oil prices, and gold prices. Historically, the pattern has been straightforward. When geopolitical…

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A Punters View Of The World

The AFR recently ran a piece on professional punter Kinglsley Bartholomew – unfortunately, as with most things, it sits behind a paywall. I have extracted several quotations that illustrate the overlap between processional punting and trading. 1. Loss Tolerance Is a Core Skill, Not a By-Product Quote: “I’m used to losing, and after doing it…

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Crazy Language – Crazy Trading

Language determines software, software determines behaviour. This simple series of steps catches traders unaware – there is a belief that markets destabilise traders when it is the unregulated response to markets that is the major destabilising element for traders. Price moves, volatility expands, and uncertainty is revealed—but it is the trader’s internal narration that turns…

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Precision vs. Accuracy in Trading

In trading, profitability is rarely about predicting the market with flawless foresight. Instead, it often depends on how you frame risk, execute consistently, and allow probability to work in your favour. Two terms that are frequently confused but vitally important to distinguish are precision and accuracy. They sound similar, yet for traders, they represent entirely…

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