TraderPetri Archives - Page 2 of 2

Returning to truths of trading

Petri Redelinghuys 11 August 2015TraderPetri

I’ve been thinking about and analysing the trades that I’ve done over the past few months and have managed to come to a conclusion – of sorts – about what has been going wrong. I think the main problem has been that I have allowed myself to take views. In other words; I’ve allowed myself ...

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 ...

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 ...

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 ...

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 have biases

Petri Redelinghuys 10 February 2015TraderPetri

Having a bias is dangerous stuff The market can be very unforgiving at times. Well, not just at times, always. If you make a mistake, it will not hesitate to take your money. What follows is my realisation of how I made a fairly large mistake over the recent weeks. It all started with the ...