TraderPetri Archives - Page 4 of 8

Breaking trading rules

Petri Redelinghuys 25 October 2016Latest, TraderPetri

It’s confession time. Two weeks ago I wrote about how I needed a bit of a break from the market after what had been a great run. I ended up not taking that break, because I saw what I believed was a trade setup that was just too great to be ignored. I can’t really ...

Take a trading break?

Petri Redelinghuys 11 October 2016Latest, TraderPetri

It has been a good couple of months for me since I started trading from home. I have been busy with all sorts of projects that I have been daydreaming about for a long time. While I have been working on making my daydreams a reality, I have also managed to trade rather well too. ...

Risk management and the rules involved

Petri Redelinghuys 27 September 2016Latest, TraderPetri

Risk management is probably the most important part of trading. I’m sure you’ve often heard that a trader can get half their trades wrong and still make money if they have adequate risk management rules in place. This is actually, believe it or not, very true. Trading is about keeping your losses small and riding ...

Keeping trading boring

Petri Redelinghuys 13 September 2016Latest, TraderPetri

Stock markets, fireworks, rollercoasters, that guy on TV almost frothing at the mouth because of some new-and-all-important-something that just happened (apparently), bungee jumping, and going down a long hill on a skateboard without any knee-pads. These things are all pretty exciting! Often we focus our attention on exciting things and being entertained, or experiencing a ...

Balance, routine and priorities

Petri Redelinghuys 30 August 2016Latest, TraderPetri

So after three months of trading from home, I have to say that I am absolutely loving it! There are times that I miss being able to trade with the collective millions of a large number of trading accounts. There are also times I feel that the paltry amount of capital I am now working ...

Trading with a bias is a bad idea

Petri Redelinghuys 16 August 2016Latest, TraderPetri

I suppose it’s time for me to touch on the subject of biases once again. Currently, I am so biased for the oil price to go higher that I am literally blocking out any and all information that tells me that I am wrong. Right now, I have an oil trade open that is not ...

Small is the new big

Petri Redelinghuys 2 August 2016Latest, TraderPetri

One of the most important things in trading, if you ask me, is the ability to defend capital. Look, we are all in this trading game so that we can make some loot, that much I think we can all admit by now. We can’t make any loot though, if we have blown all our ...

Don’t fight the market

Petri Redelinghuys 19 July 2016Latest, TraderPetri

So alright, much to my dismay, I have to admit the world hasn’t ended. I’ve spent so much energy on trying to rationalise why the market needs to fall that I have almost forgotten why it can go up, and more importantly, why I shouldn’t really care what it does at all. “Don’t fight the ...

The path of the trader

Petri Redelinghuys 5 July 2016Latest, TraderPetri

So I was asked the other day, by someone I think is a great developing trader, for some advice. The trader’s dilemma is that he’s been at this trading thing for a few years now and is simply not making enough money. He asked if he should go out there and get a ‘normal’ job ...

Positive self-talk

Simon Brown 21 June 2016Latest, TraderPetri

A boxing hero passed away recently and the internet went mad with tributes and messages of support. It sounds silly, but while watching some of the videos of Mohammed Ali in his prime, I noticed something that suddenly makes a lot of sense. He was always talking about, and telling anyone and everyone who would ...