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What's Nick Reading?

stock trading booksWhilst I spend most of my day researching ideas and fine tuning strategies, I also have a regular reading list that provides some great insights on a variety of topics.

What makes this list different to most newsletters is that they make no hysterical predictions. Just common sense and facts.

Here they are:

The Fat Pitch by Urban Carmel
Strange name right? But the guy knows his stuff and he writes really well. He's of Wharton and McKinsey alumni and been around the securities industry since 1994. His proposition is simple;

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Does Intelligence Make the Trader?

successWill a higher IQ make you more successful at trading than the person with the lower IQ?

Most jobs and occupations have traits and characteristics that lead to one's success.

Trading is the anomaly. 

It's arguably the purest way to make money. It requires you to render no service and produce no product.

By simply gathering information and making decisions, trading allows you to profit. Of course, to be successful, you must be able to collect the information and interpret it better than the next person.

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Are you a Ruthless Trader?

Ruthless TradingRuthless
adjective: having or showing no pity or compassion

Are you a ruthless trader?

Or do you nurture your stocks? Give them a second chance to perform? Maybe even a third. After all, everyone deserves a second chance, don't they?

Perhaps you cheer your stocks on from the sidelines. Offer encouragement. Even when they are not performing.

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Moving Averages Podcast with Nick Radge

In May 2018 Nick Radge was interviewed Vox Markets CEO Martin Luke for the Moving Averages podcast. 

In this new series of podcasts Vox Markets will feature expert market analysis, interviews with top traders & commentators to bring you fresh insights into the world of finance.

In this podcast Nick discusses the way he trades, advice he gives to people who want to start trading and the difference between trading the Australian and US stock markets.

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The Fear Factor

short term marketMark Douglas said it the best...

" ​​What you fear is not the markets, but rather your inability to do what you need to do, when you need to do it, without hesitation."

It's a profound statement. 

In other words if you have confidence in what you're doing, then execute your trades as planned. 

Yet so many traders put in the time and effort building a formal trading plan, then, inexplicably, don't follow it.

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Stop Sweating the Small Stuff

clutter noiseMicromanagement.

It's what so many of us get caught up in when trying to run our businesses.

The need to control all the small things in our work place and to get rid of the endless clutter.

When it comes to trading though, the best thing to do is to stop micromanaging. Stop trying to control the noise, the daily demands coming from external factors that lure you into a world of stress and anxiety. 

Traders who micromanage are trying to outsmart the market. They read company reports, news items, broker newsletters, forums and expert commentary. 

They end up forming a subjective opinion on market direction which is a sure fire way to lose money. 

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Mortgage Stress Continues to Bubble

home sweet homeExperts have been calling for the housing bubble to burst in Australia for many years now. Yet prices have continued to head north.

The rate of annual increases has moved at an even faster pace over the past few years. However towards the end of 2017 and 2018 thus far, there are indicators surfacing that suggest a breather in house appreciations may be upon us.

I was recently talking to the Principal of a well known Real Estate Agency in Sydney. With a perplexed look he said that in 2018 so far, he'd noticed a 10% drop in prices in his area compared to the prices achieved in 2017.

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Is Winning the Name of the Game?

Financial successThere are so many aspects to life that have a focus on winning.

There's a stigma attached to losing.

It starts early in our school and sporting endeavours. And continues into adulthood across aspects including business.

Is a 'win at all costs' attitude relevant to trading? 

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Making Watchlists Work For You

under armourHow can you use our new free watchlist service, Trade Long Term, to spot opportunities?

It's important to state that these watchlists are not signals. Instead they provide a short list of high momentum stocks that are potentially continuing with strong trends or pulling out of basing patterns and beginning new trends higher.

Here's a few examples from this week's Momo-50 List.

Under Armour (UA) showed up at #7 on this week's list. It provides a classic example of a basing pattern which tend to turn into a new trend higher.

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Systematic Trading - Podcast

Podcast interview with Nick RadgePodcast interviewers are always on the look out for experienced traders to share their inforamtion ideas and unique methods. In April 2018 Nick Radge was interviewed on Futures Radio Show podcast. Nick was asked about his transition from futures trader to stock trader and his systematic trading methods.

In this interview Nick discusses:

  • How Nick got his start in Trading
  • Futures Traders adding Stocks to their trading
    Trend Following Strategies for futures & stocks
    Systematic Trading
    Back Testing Strategies
    Psychological makeup of a Trader

Listen to the podcast here ---> Systematic Trading with Nick Radge