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I sat an investment exam and failed miserably

failedThe bastard kicked me under the desk.

On live TV.

Then at the ad break he leaned across the desk and seethed, "You can't say that!"

The guy was a total fruit loop.

Sky Business News would always put me, the technical guy, up against a fundamental guy to get some debate going; keep audience attention. And let's face it - us technical blokes do throw around some perky jargon. None of that boring balance sheet, PE Ratio, stuffy armchair in a smoky men's club gibberish.

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The Secret To Beating The Market

Beat the marketIt's official.

At least that's the conclusion from the flash boys over at Morgan Stanley.

The most effective way to beat the Australian market over the last 26-years?

Momentum¹.

You know: buying stocks that go up. Selling the ones that go down.

And it wasn't a slight aberration. Momentum was a 10 out of 10 on their ranking system.

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The Benefits of a trading buddy

trading buddiesOne way to step up your trading skills and pull bigger profits is something most people don't consider.

It also costs nothing, except a little time.

What is it?

A 'trading buddy'.

A trading buddy is someone who's at the same trading level as you and you both aspire to improve; a supportive friend to help you get there.

You compare trading plans. Review educational resources. Research ideas. Provide honest feedback and suggestions.

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The Big Easy

traders sweet spotIn a remarkable turn of events I found myself at the golf range (OK, Trish dragged me out).

Alongside me were several international students honing their skills.

When I say students I don't mean students of golf.

And when I say honing their skills, well, I was being polite.

They certainly weren't physics students. They seemed to be adamant that the harder they swung the club, the further the ball would travel. When this theory didn't achieve the desired results they tossed out a few expletives in some unknown dialect and let fly with another cruel and violent swipe at the ball.

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ASX Trading Calendar 2017

CalendarEach year the ASX announces their trading calendar or, more specifically, the days the ASX will be closed.

In 2017 the ASX will be closed on the following dates:

New Year's Day Monday 2 January 2017
Australia Day Thursday 26 January 2917
Good Friday Friday 14 April 2017
Easter Monday Tuesday 25 April 2017
Queen's Birthday Monday 12 June 2017
Christmas Day Monday 25 December 2017
Boxing Day Tuesday 26 December 2017

These dates may be altered so it is always best to check the ASX website for confirmation.

  • Parent Category: Articles

One Simple Step to Avoid Financial Disaster

Financial successThere is one element that determines whether you will be a successful trader or a failure.

Completion of a trade will determine your success.

Exiting positions makes the world of difference.

Anyone can buy a stock, and they do, but most people don't finish. Finishing things - exiting a position - is what makes progress.

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Nick Radge on Your Money Your Call 8th Nov 2016

YMYC podcast logoLast night Nick Radge appeared on Your Money Your Call with Julia Lee from Bell Direct. Nick mentioned that our main portfolio (the Growth Portfolio) is currently at 75% cash in reaction to the market trending down prior to the US election. We use defensive action when the market turns down and if, after the election, the market turns back up we will get back in. This is the strategy we advise our members to follow also.

You can listen to the podcast here.

 

  • Parent Category: Articles

Networking your way to better financial returns

Nick Trish 200Trading for a living is a lonely career and I believe most people are better off keeping their day job, earning a regular income and trading or investing on the side. You probably didn’t want to hear that if you have just told your boss where to go and followed the advice of an ‘investment guru’ who says you can not only trade for a living but you will be driving a Ferrari in 6 months’ time.

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  • Parent Category: Articles

Losers Make the Best Winners

Losers make best winnersLosers make the best winners – something new parents should teach their children instead of giving everyone a prize just for showing up. It’s no different in the stock market. Learn to lose, or more importantly, how to manage losses and you will be the winner.

Stock trading is a game of mathematics. Your goal is to make the maths work in your favour.

You can be a highly profitable trader and lose more often than not – indeed, some of the world's top traders lose more often than they win. My current winning percentage of trades is just 43% for my Growth Portfolio with an average non-compounded return of 9.32% per annum versus the benchmark of 3.17% .

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