Trader Petri Archives - Page 5 of 5

Resting after the trading battle

Web Admin 13 December 2015Latest, TraderPetri

Arriving at your desk each day is like descending on a trading battle - you must come prepared or you will be slaughtered. You must think up tactics to outwit your opponent and create strategies to claim small victories. You must systematically win ground. You must try to balance offence and defence, for if your ...

Slow things down a little

Simon Brown 1 December 2015TraderPetri

One of the major pitfalls that I have found in my own trading is getting stuck in a very short timeframe. I sometimes get so focused on what is happening right now that I almost start living from tick to tick. I tend to forget the longer-term timeframe and the big picture. What I mean ...

Rooting out bad trading habits

Web Admin 17 November 2015Latest, TraderPetri

Some people chew their lips or fingers while others eat pens (I am guilty of this one!). Bad habits come in all shapes and sizes and most of the time we are hardly aware of them until someone points them out. In trading though, our bad habits don’t just annoy those around us, but directly ...

Watch out for over-trading

Petri Redelinghuys 3 November 2015TraderPetri

The more I trade, the more I realise that making decisions under stressful conditions can be a real problem. We are programmed to believe that we need to work for the money that we earn and most experiences reinforce this idea of ‘the harder you work, the bigger the reward’. This is simply not true ...

Protecting my trading confidence

Web Admin 7 October 2015TraderPetri

My last post was about how discipline is the most important aspect of trading. That much is true. In fact, I can’t think of any one thing that is more important to your success as a trader than a really healthy dose of self-discipline. The runner up though, is trading confidence. Without confidence you cannot ...

Revisiting my trading plan

Simon Brown 25 July 2015TraderPetri

I’ve been tracking my performance for some time now and recently completed another full year of recording my trading statistics. I am sure most of you are aware that I have been having a bit of tough time in the market over the past three months or so, so I don’t need to elaborate on ...

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 ...

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 ...

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 ...

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 ...