Charting the Stock

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Building client wealth SINCE 1998

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  • Parent Category: Articles

Learning New Skills and Staying Motivated

Ruthless TradingDoes this sound familiar?

You're motivated. You're excited. You're yearning to learn a new skill or start a new project.

Yet, once you start, the excitement starts to subside.

The drudgery kicks in.

Entrepreneurs fall into this trap. When looking for new ways to improve and evolve their businesses, they get bored soon into the process.

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A Losers Game?

stressed manHere's an interesting chart^.

The profit and loss distribution of 14,799 FX and CFD traders in France over a 4-year period.

The blue columns are the buckets of profits/losses. The red line is the cumulative percentage of these clients.

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The Art of Being Objective

relaxed stock trader 300Do you have a set opinion about a market or a stock?

Does this sound familiar?

You enter a position and you're already thinking about what the final outcome will be.

You've bought into the position convinced that the market is going to move in your favour. After all, it was the perfect set up! 

Yet, as traders we need to remember: there are no guarantees. 

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Trading - The Lonely Journey?

active interestOne of the more difficult things that people find with trading is the isolation.

Picking stocks is a lonely business. especially if you're used to working with like-minded people. People you interacted with, bounced ideas off, or enjoyed being around.

Humans are social creatures. Trading removes this natural human need. New traders can feel edgy and uncomfortable.

Trading is also an emotional business. It's one thing to lose money, yet to lose money in an environment where there is no one to help you debrief can be a challenge.

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Why It Pays To Diversify.

time windowThe prevailing wisdom is to ensure you diversify your portfolio.

Buy a selection of shares. Buy some REITs (Real Estate Investment Trust). A few bonds perhaps. And a little cash for a rainy day.

But that's not what I do.

Rather than invest in a portfolio of shares, I invest in a portfolio of strategies.

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Too Many Opportunities. Not Enough Capital.

equity growth raw and realTrading equities with a large universe of stocks presents a variety of challenges for system traders.

Regardless of whether you trade breakouts with a trend strategy or pullbacks with a mean reversion strategy, there will be times when opportunities exceed available cash.

Too many signals to choose from means the variance of returns will be very broad.

If we have 20 selections and can only take 10, how will our returns be affected if we choose the wrong 10? Or if we fail to choose one or two big winners?

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Are You A Trader Or Gambler?

casino croupierDo you trade?

Or do you gamble?

People often claim that trading is akin to gambling. There is validity to this statement...depending on how you define the term Gambler.

Most psychological research agrees that, in general, there are 4 types of Gamblers.

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From Student to Expert - the Long Road

Nick Radge The ChartistMentors.

I've had them my whole life.

From my University days when I learnt from one of Australia's top Sports Psychologists.

To working under one of Australia's most successful CEO's whose open door policy meant my success in business was fast tracked tenfold.

Having mentors has helped me perform at my highest level. It also provided me with enhanced job satisfaction and thus greater success, self confidence and self-belief.

We spend most of our time at work. It's important to enjoy what we do and not just look forward to weekends and holidays, dreading Mondays.

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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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  • Parent Category: Articles

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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