Monday Motivation: Love What You Do

When you love what you do, that's when the magic happens... … [Read more...]

Week 8: The Subjectivity of Trading

As you will probably already know, market moves are a reflection of the opinions of traders. While this may be great if you know who is constantly wrong, it also becomes a problem when discussing trade ideas with other people. When I'm talking to other traders about trades, it is important to me that I remember that an opinion is just an opinion. … [Read more...]

Week 7: Metagaming

Metagaming is any strategy, action or method used in a game which transcends a prescribed ruleset, uses external factors to affect the game, or goes beyond the supposed limits or environment set by the game. Another definition refers to the game universe outside of the game itself. One of the aspects of trading that I find fascinating is the … [Read more...]

Week 6: Problem Solving with Charlie Munger

When it comes to practical thought and decision, many people will point you in the direction of billionaire investors, Warren Buffett and Charlie Munger. In Charlie Munger's 1996 speech titled "Practical Thought about Practical Thought?", he gave 5 simple notions that can be used to solve any problem. You can read about them here but this post will … [Read more...]

Week 5: Energy Traps

If you have been trading for any amount of time you will have noticed that some trades work out exactly how you imagine with a fast move to your target whereas others seem to hover around and cause nothing but frustration. All trades are not created equal and some require more emotional capital than others. Before I provide some tips on how I … [Read more...]

Week 4: Technical Analysis, Economic News & Scheduling

Apologies for the long title. It was the only way I could fit everything in. Trading this week was quite enjoyable. I felt focused and learned quite a few lessons. EURUSD and USDCHF both provided plenty of opportunities during the first half of the week and then towards the end of week I took this long on gold (which was also my worst trade of the … [Read more...]

Week 3: Start with Defence

As my trading approach evolves, one direction that I’ve noticed it is heading in is that its becoming more and more defensive. I don’t take unnecessary risks and my trade size is limited. But more than this I employ some other defensive methods such as: - I use a scaling in approach with defined order stacking parameters. This means that that … [Read more...]

The Watchlist: 16th – 20th January

It looks like there's some great areas to do business coming up over the next few weeks.  A quick glance across equity indices, commodities and major currencies show a lot of markets with clean price action. I've been enjoying the analysis side of things and creating visual trading plans lately. The screen capture tool that I use to create and … [Read more...]

Week 2 – Chart Reading

One area that improved a lot last year was chart reading. At the start of 2016, I was good at forecasting markets in certain areas and under certain circumstances. The downside of this was that I had to be very patient to wait for my exact setups to form. It wasn’t very flexible and it could be frustrating, but it worked. I gradually started … [Read more...]

The Watchlist: 9th – 13th January

Last week felt a little bit like a false start. My analysis was pretty accurate but I could have done a lot better with getting onto the moves. One of the reasons for this was trialling two new entry methods at half risk. This inadvertently caused me to miss one of my normal entries which was quite a bad missed opportunity. Fortunately, I've got … [Read more...]