Just as overnight success takes 10 years, it takes a lot of showing up for you to be lucky
Don’t bank on HOPE
This will resonate with traders, young and old. Unfortunately it’s something that we need to be reminded of, again and again…
Bad Habits in a Bull Market
Bull markets are great. But this is one of the most dangerous environments for learning to trade. It can trick you into thinking you can do no wrong and that you’re a stock market maestro in tune with the market. It feels like everything you touch turns to gold and that you’re money-making machine.
Adapting to changes. Village Trader tries futures
Village Trader recently started trading in the futures market for the first time. The learning curve is more challenging than expected!
Are you over-trading?
Over-trading is a common mistake when you’re starting out. In time, you will start to identify the unconscious assumptions that drive your trading decisions. In the meantime, this post highlights some common drivers, and a nifty technique to help you avoid over-trading.
Where to place a stop-loss
A stop-loss order is the most effective way to cut your losses when a trade turns. You need to place the stop-loss order when you enter the trade. But deciding where to place it is difficult – the possible positions are infinite. Here Njabulo Nsibande illustrates his strategy with last year’s S&P 500 chart.
Your Personal Retirement Fund
Your trading account is actually an ‘investment fund’ in which you’ve invested. Much like the ETFs you’ve bought, or your RA or pension fund. The only difference is that you’re the fund manager responsible for the returns.
Do your training (and that includes the drills)
Because it’s so easy to start trading, we often rush off to trade and call ourselves traders. But to be really good at it we need to go through our drills.
The trader’s gap between novelty and mastery
Join the journey where learning never ends and the destination is real.
Year End Trading Review
Take a moment to review your last year’s trading – it’s not just a question of profit.