TraderPetri Archives - Page 6 of 8

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 ...

Trading inspiration

Petri Redelinghuys 20 October 2015TraderPetri

Despite the many challenges that individuals may face while trying to become full-time traders, it most certainly is possible to achieve those dreams. Yes, the journey is fraught with difficulty and, more than likely, a few moments when you question if it is worth it, but it is not an impossible dream to realise. I ...

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 ...

Sticking to trading rules

Petri Redelinghuys 22 September 2015TraderPetri

Let’s face it, the last few months of market action have been some of the most volatile and difficult that I, and likely many others, have ever experienced. The market has been crazy (for lack of a better term) and has given many, many mixed signals. It has been hard to stay committed to a ...

Focused trading

Petri Redelinghuys 8 September 2015TraderPetri

You’re standing five paces directly in front of the dragon, your sword is steady in your hand. It feels light, almost weightless, and ready. The stench of the hot dead breath washing over you is almost overwhelming. The gargantuan thick scale-armoured beast snaps its fierce head forward in a strike that would see you ripped ...

Getting back to good trading results

Petri Redelinghuys 25 August 2015TraderPetri

A strange thing happened to me when I started writing this. The first post I wrote was an admission of a mistake I had made on Sasol. People seemed to dig that post, so I kept writing about things I’d done wrong because people could identify with them. Times were tough and I felt that ...

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 ...