Trader Petri Archives - Just One Lap

Losses can exceed deposits

Petri Redelinghuys 12 December 2017Latest, TraderPetri

So last week was the wild west. If you survived it, well done! Other people didn’t. And I mean that. There are some horror stories out there about traders who blew up in Steinhoff and EOH. Traders who have been trading for a long time and now owe their brokers more money than they have ...

Managing your trading profits

Petri Redelinghuys 14 November 2017Latest, TraderPetri

So, there is something that I am struggling to reconcile in my own head. On one side, you need to continually push yourself to be and do better… on the other side you also need to know when you have done well and reward yourself. But how do you know when to do what? A ...

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 ...

Trading: focus required

Petri Redelinghuys 19 September 2017Improve Trading, TraderPetri

Some time ago I started one of these blogs with a battle scene between a warrior and a dragon. Not only do I think that I should get back to that kind of creative writing, because hey… it’s fun, but I also want to rehash the point that I made. In the midst of battle ...

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 ...