TraderPetri Archives - Page 8 of 8

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 don’t chase trades

Petri Redelinghuys 24 February 2015TraderPetri

I don’t chase trades, but sometimes I should. Another trade, another lesson learned. Again, the best way to explain this lesson is by telling the story as it happened. On Thursday morning, Woolworths released their financial results. I won’t go into too much detail, but in summary, the results looked very good. This gave me ...

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 ...