In this episode, Louise Bedford and Chris Tate tackle the challenges of drawdowns, diving into both the emotional and practical hurdles traders face during tough market conditions. We’ll explore the psychological impact of drawdowns and share strategies for effective risk management. You won’t want to miss the expert insights from best-selling author Chris Tate.
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Patience is free but that doesn’t mean it doesn’t come at an unseen cost. Every time you are forced to exercise discipline you are running the tank down a little bit. If I were to use an analogy it is somewhat akin to wandering around a supermarket with a toddler who wants to have…
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The legendary World War One fighter ace Baron Manfred Von Richtofen was asked before his death what the job of a fighter pilot was. It is reputed that Richtofen replied, “The job of a fighter pilot is to find his enemy and kill him, all else is superfluous”. Initially, it would seem that the comparison…
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Whenever I talk to people about what a trading system is and what its function is they are often confused by my view. My view is that a trading system is designed to keep you ut of suboptimal positions not necessarily find you massive winners. As an explanation consider the table below which appeared on…
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Have you ever wondered what you should focus on as a trader and what aspects are overrated?
The ASX-listed stock is currently catching the eye of shortsellers. This is my look at how I would handle the current situation.
Why talk about stocks you wouldn’t be involved with. Simple if you know what you wont trade it becomes easier to build a model of what you would trade.
The issue that afflicts many traders is the belief that they should discover something no one else has. It is thought that trading is a treasure hunt where you by dent of your analysis find some corner of value that is yet to be uncovered by the rest of the investing community. You then invest…
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If I were to classify trading I would not say it is a financial endevour but rather one that combines the skills of information management and psychology. Markets are awash with data of varying quality and all of this information has an impact upon our decision making but only after the information has passed through…
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