I was asked over lunch on Sunday what I thought were the major elements that prevent traders from being profitable – so I dug out this old list. Undercapitalised One of the most significant reasons traders fail in the markets is that they begin with insufficient capital. Many newcomers to trading, often fuelled by overconfidence…
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Many traders confuse the generation of indicators and playing with technical analysis software with trading. It is not. I doubt you could find a truly proficient trader anywhere in the world who was interested in endlessly experimenting with indicators. They certainly don’t spend hours trolling through the new scripts that have been added to a…
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If you have managed to put your pants on straight and your shoes are on the correct feet then I can assure you that you are smarter than Wall Street’s best and brightest.
One of the most appealing things about trading is the ability to write your own job description. ou determine the how and why of your trading business – not someone else. But you have to work out what your truth is for your own survival.
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QAN currently sits at a very interesting juncture. The mechanism you use to trade this next phase can be applied to any instrument.
Two questions to think about – Are you buying leveraged or unleveraged index ETFs? What are the reasons for your choice?
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Something that has always intrigued me is the capacity of the superannuation industry to boast about being below average. The following is a snippet from the AFR. The larger-than-expected reduction in US interest-rates stoked global markets and helped push average returns for equity-heavy superannuation funds to 8.6 per cent in the calendar year to date.…
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There is an old saying that goes along the lines of Be careful what you wish for, it might come true. This seems to be especially true when traders have moved from unprofitable to profitable. Traders traditionally wish/hope/pray for a rising equity curve but when they get one all sorts of interesting things begin to…
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