TraderPetri Archives - Page 7 of 8

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...