improve trading discrete collection – Page 4

Time to practice tough trading skills

Petri Redelinghuys 30 June 2015TraderPetri

I may have mentioned before that there is great value in having a clearly defined set of trading rules. So the first challenge is to design a system or set of rules that places the probability of success in your favour, and allows you to consistently make money over time. Sticking to that system is ...

You can’t always win at trading

Petri Redelinghuys 2 June 2015TraderPetri

The highs and lows of trading - it’s often glamorised and very often we are made to believe that once you have a strategy or a mind set that let’s you win at trading, the market becomes your own personal money printing machine. The truth though is that it’s not. Every so often the market ...

Find the right trading setups

Petri Redelinghuys 19 May 2015TraderPetri

Sometimes it feels as if I have run out of trading ideas. Especially when the market has thrown me from pillar to post for a few weeks and has taken money from me. I become prone to taking trades that ‘look good’ without actually doing the leg-work required to properly validate the trade. To avoid ...

The emotion of trading

Petri Redelinghuys 5 May 2015TraderPetri

Many people tend to think that you need to remove all emotion from trading. From my experience, this is not possible. There are some very old, primal instincts that we are ingrained with – that can be challenging to overcome. Removing those primal instincts – and I’m talking about fear and greed here – is ...

What makes a good trade?

Petri Redelinghuys 24 March 2015TraderPetri

Over the past few weeks the market has been rather tough, and trading strategies and plans were thoroughly tested. So naturally this whole ‘discipline’ thing has been at the forefront of my mind for some time now. Few things in life are as difficult as sticking to your own rules, hence all this blabbering about ...

Book review: Trend Following by Michael Covel

Web Admin 21 November 2014Reviews

Trend Following by Michael Covel Trend Following by Michael Covel Michael has a great podcast that you can find here; and while it is a must listen, his book is way more important in my mind. First published in 2004, it solidified my trading style for me (which ultimately become my Lazy Trading System and ...

Book review: Trading in the Zone

Web Admin 25 July 2014Reviews

Trading in the Zone by Mark Douglas Trading in the Zone by Mark Douglas (buy here) This was the book that finally got me on the right footing as a trader. It was published in 2000 and I have read it every year since then, and every year I still manage to learn something. Up ...