trading Archives - Page 4 of 12

A traders journal

Petri Redelinghuys 16 May 2017Latest, TraderPetri

One of the very first things that we are taught when we start trading, is to keep a journal of our trades. The reasoning is simple enough: keep a record of the trades you took, why you took them, their outcome and whatever you may have learned from the trade. Keeping this record allows us ...

Consistency is key

Petri Redelinghuys 2 May 2017Latest, TraderPetri

Consistency is key. Many people look at successful traders and think that they make large amounts of money in very short periods of time. Frankly put, this is a fallacy. Successful traders tend to make a lot of small gains on a very consistent basis. Sure they have the odd day that they shoot the ...

Trading rules

Petri Redelinghuys 18 April 2017Latest, TraderPetri

There are many different ways in which you can trade. You can day trade, you can swing trade, you can long term trade, you can trade purely off technicals, you can trade purely off fundamentals, you can trade by mixing technicals and fundamentals, you can trade by reacting to news flow… This is starting to ...

Continual self evaluation

Petri Redelinghuys 4 April 2017Latest, TraderPetri

It seems to me that I am almost perpetually struggling with something. Which is great, because that is what trading is - a continual process of self evaluation and learning. You spend so much time working on getting a rule-based trading methodology to a point where you can consistently generate returns, and then you try ...

Podcast: Becoming a trader

Simon Brown 2 March 2017JSE Direct, Latest

Becoming a Trader Simon Shares New tax year and I have already loaded another R33k into my tax-free account and will be buying as per our high risk model portfolio. The annual Buffett letter was published last weekend. Always good reading, I especially like his comments on buying assets with shares (and hence paying a ...

Setting trading goals

Petri Redelinghuys 7 February 2017Latest, TraderPetri

I believe that setting goals for yourself is a very important part of life. It helps to keep you focused and on the right track. So when unexpected opportunities come across your path, you have the privilege of deciding whether or not that opportunity will get you closer to your goal. Setting goals for your ...

Persistent, patient and conservative

Petri Redelinghuys 24 January 2017Latest, TraderPetri

Persistence, patience and conservation - these are three intertwined concepts that I think are key ingredients to becoming a consistently profitable trader. I’ve found myself, a few times over the last couple of months, thinking and even saying that I should be trading bigger. “I’ve taken a 100 point move on the DOW, if I ...

Ready for 2017

Petri Redelinghuys 13 January 2017Latest, TraderPetri

December is now behind us and the new year is in full swing. At first I thought that I would work all the way through December and not take a break at all. But then I got lazy and my brain sort of turned into mush for a few weeks. It is only now that ...

What’s your trading style?

Petri Redelinghuys 6 December 2016Latest, TraderPetri

Imagine you are a sprinter. Imagine that you are really good at 100m sprints and have a real talent for it. Imagine that you have been training as a sprinter for a couple of years. Now, imagine that on a whim you decided to enter yourself into a marathon – you didn’t train for it. ...

Knowing right from wrong

Petri Redelinghuys 22 November 2016Latest, TraderPetri

Every so often I have to confess a mistake that I have made; and I rather like doing so because standing up and telling everyone that I bombed out on the Rand, or didn’t stick to a stop loss on some or other stock, helps keep me in check and ensures that I stick to ...