LATEST BLOGS

The Most Dangerous Pattern In Trading

Below is a chart I consider the most dangerous in trading. I consider it to be the most dangerous because the price is doing precisely nothing other than ambling along between two lines. Having had an excellent year, gold is now stagnant and simply churning within a consolidation pattern. When prices start to do this,…

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Trading Myths: Why Smart People Believe Stupid Things

Within the world of trading, you’d think rationality would be the minimum entry fee. After all, markets are built on numbers, probabilities, risk, and logic. And yet, time after time, traders cling to ideas that are not just wrong—but spectacularly wrong. On a quiet weekend not long ago, I found myself doom-scrolling through a financial…

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Why Traders Struggle With Adherence

One of the more interesting experiences I have had over the decades is reviewing other traders’ plans. Many look ideal on paper with all conceivable contingencies covered. However, in reality, the execution is often tremendously flawed. In one instance, I reviewed a plan I considered flawless, but when I reviewed this trade’s results, the trade…

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How To Tolerate Annoying Things

It’s quite likely that you’ve been told ‘don’t sweat the small stuff’ and ‘focus on the bigger picture’. Despite our best efforts, though, many of us sometimes find it hard to shrug the lingering emotional effect of an annoying experience. Making it worse, you might judge yourself for not being able to just let it…

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If You Want Loyalty Get A Dog

There is an old saying – every dead body on Everest was once a highly motivated individual who didn’t know how to quit. Loyalty to a cause or purpose is one of those virtues that serves us well in almost every part of life — except trading. In markets, loyalty isn’t noble; it’s dangerous. The…

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The Psychology of Sustained Growth

Trading as a profession presents many dualities – it shows us every day how we are performing, but at the same time, it triggers our psyche to lie to us about the reality of our perceived achievements.   Recently, I took a somewhat deeper dive into the psychology behind my own trading to find out…

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Why Traders Fail to Turn Up

If I were to try to describe the relationship between the market and traders, I would term it symbiotic.  Unfortunately, too many traders try to ascribe some emotional structure to this relationship. It is  It is neither confrontational nor aggressive, and neither party has any personal responsibility to the other. Each party’s obligation is completely…

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Well…..Its All Over For Gold

Apparently, punters are lining up at Martin Place to get their hands on the magic metal. The snip below is from NewsCorp, which sits behind a paywall, but you can get the general gist from the headline. The cynic in me suggests that if anything heralds the end of a move, it is the general…

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