learn trading discreet collection – Page 6

Focused trading

Petri Redelinghuys 8 September 2015TraderPetri

You’re standing five paces directly in front of the dragon, your sword is steady in your hand. It feels light, almost weightless, and ready. The stench of the hot dead breath washing over you is almost overwhelming. The gargantuan thick scale-armoured beast snaps its fierce head forward in a strike that would see you ripped ...

Finding balance in trading

Petri Redelinghuys 14 July 2015TraderPetri

When I lived in Cape Town, I got into the habit of hiking nearly every weekend. My friends and I would spend spare time during the week looking for hikes and waterfalls to jump from, and weekends doing just that. It was a lot of fun, and it got the adrenaline pumping good and proper. ...

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 ...

The lonely trading game

Petri Redelinghuys 16 June 2015TraderPetri

Many times I have heard and read people saying that trading is a lonely profession. I never really understood it, although I think I am starting to understand it now. Even though there are groups of people who like to chat to each other, share ideas and support each other, at the end of the ...

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 ...

Trade charts, ignore the rest

Petri Redelinghuys 12 April 2015TraderPetri

Over the past few weeks it feels like the market has become that extra degree more difficult and I have noticed an increase in what I perceive to be market noise. Market noise is news-flow in general, but mostly other traders calling tops and bottoms and handing out “I told you so” s like free ...

Time, patience and perseverance in trading

Petri Redelinghuys 7 April 2015TraderPetri

Trading is a paradox. Everything about it goes against what we have been taught in school and by society. For example concepts like “it’s wrong to be wrong” don’t apply to trading. Trading is also, I am told, one of the most difficult skills to master. In fact, the most successful traders in history often ...

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 ...

The plan is to have a trading plan

Petri Redelinghuys 10 March 2015TraderPetri

I should rather say, the importance of having a plan that you believe in. This is a difficult concept to get across, maybe because I am merely a student and this is one of the concepts I am struggling with, but putting it on paper had proved to be rather more challenging than what I ...

I don’t chase trades

Petri Redelinghuys 24 February 2015TraderPetri

I don’t chase trades, but sometimes I should. Another trade, another lesson learned. Again, the best way to explain this lesson is by telling the story as it happened. On Thursday morning, Woolworths released their financial results. I won’t go into too much detail, but in summary, the results looked very good. This gave me ...