learn trading Archives - Just One Lap

Update on trading goals

Petri Redelinghuys 31 October 2017Latest, TraderPetri

I’ve written about setting trading goals and how those goals need to be different from ‘normal’ every day life goals. I want to spend a little more time thinking about that concept. Trading successfully is not about making large amounts of money quickly, or only ever making big winners. It’s about consistently managing to eek ...

Avoid the regret of a bad decision

Petri Redelinghuys 17 October 2017Latest, TraderPetri

I think the worst feeling a person can feel is regret. I have many regrets in my life and honestly, I will do almost anything to avoid feeling regret again. This impacts my trading in ways I am only now beginning to understand. So, what am I doing and how should I be doing it ...

Platform does not make the trader

Petri Redelinghuys 3 October 2017Latest, TraderPetri

I’ve spent a lot of time writing about the psychology of trading in the last few posts. I assure you that I am not done, but I think it is time to write about something a little more practical. In this, I want to address a question that I regularly hear, in the hope that ...

Emotional decision making

Petri Redelinghuys 5 September 2017Improve Trading, Learn Trading, TraderPetri

I have recently started working with a peak performance coach - a trading psychologist if you will - to improve my trading performance. It’s all a little experimental and scary, and to be honest, very uncomfortable at times. The premise from which we are working is that trading is at its core, just continuous decision ...

Trading is easy

Petri Redelinghuys 22 August 2017Latest, TraderPetri

Trading is actually the easiest thing in the world. Think about it… you sit at your computer, read a bunch of stuff and talk smack with your buddies all day. Then something happens and you press the button on your mouse a whole bunch of times. You do the lighting fast ‘double-mouse-click-to-keyboard-enter-enter’ combination a few ...

How much to start trading?

Petri Redelinghuys 25 July 2017Latest, TraderPetri

From time to time people ask me how much money they need to start trading full time. The follow up question is what kind of return full time traders make on a monthly or annual basis. These are really difficult questions to answer because there are just so many variables. The amount of money you ...

Many light houses beaming lights at night

Loss aversion

Petri Redelinghuys 11 July 2017Latest, TraderPetri

When I started writing this blog for Just One Lap, I made a promise to myself and the readers to always be honest about the things that I write about. Keeping true to that promise, and probably more importantly - being honest with myself - I need to acknowledge that I find myself falling into ...

Deliberate practice

Petri Redelinghuys 27 June 2017Latest, TraderPetri

Trading is a skill-set. It is a set of skills that you spend a lot of time practicing. When these skills are mastered, you are able to take money from the market at will. Trading is probably also one of the most difficult skill-sets to learn and master. The reason for this, I think is ...

Preparation breeds trading success

Petri Redelinghuys 13 June 2017Latest, TraderPetri

We put so much energy into finding the perfect system, learning all there is to learn about technical analysis, becoming more self-disciplined or automating systems to substitute for discipline. Technical analysis and discipline are essential. But they alone cannot turn a losing trader into a winning trader.

Only losers have regrets

Petri Redelinghuys 30 May 2017Latest, TraderPetri

Only losers have regrets. It may sound a little strange at first, but it’s all about the way you think. Allow me to explain: Spending my days in a room filled with probably the best day traders in this country, is teaching me a million new lessons. One of the most recent ‘ah ha’ moments, ...