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  • Parent Category: Articles

10 simple tips that give me the trading edge

relaxed stock trader 300A question put to me recently by a reader made me think long and hard.

He wrote, "In trading, what qualities are needed to be your best? In other words, why do you succeed where others failed?"

Well, success is in the eye of the beholder, but I guess I've done okay at mastering a life/work balance.

I have done well for a few reasons.

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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 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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  • 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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