Beginner Traders Archives

Rookie Mistakes Made by Amateur Traders

Amateur traders tent to make the same types of mistakes. “Your mind will do everything it can to make you hold a bad position yet entice you to exit a perfectly good position.” Our behavioural biases haunt us during times of heightened volatility such as we’re seeing now. Fear. Greed. Hope. It’s when we question […]

Paper Trading

“Do you recommend a paper trading account?” This stock trading question comes from James C. who asks: There are pros and cons for using a paper trading account. For: It allows us to assess how disciplined we really are when it comes to executing our strategy. It’s easy to look back and say, “I would […]

Placing Orders

This stock trading question comes from Ben B. who asks: “My broker doesn’t allow me to place orders for the opening or closing auction. What should I do?” It sounds like you may be using a CFD provider. Many CFD providers are not members of the ASX and therefore cannot access that facility. You can […]

How Much Money do I need to Start Trading?

This stock trading question about how much money is needed to start trading comes from Mike C. whose #1 challenge is… “What is a good size account to start with?” In other words, how much money do I need to start trading? It’s a common and important question. Too often new traders overlook the impact […]

How to Handle Losing Trades

Are you able to handle losing trades? This stock trading question comes from Nick A. who asks… “My #1 challenge in the markets is not getting too low emotionally after a losing trade and maintaining the courage to take the next trade after experiencing loss.” A great question. In the short term the best course […]

6 Steps to Start Stock Trading Successfully

So, you want to start trading the stock market but where do you begin? We all need to start somewhere, both from an educational standpoint and the actual ‘doing’ part. Unfortunately there are a myriad of choices and Monday Morning Quarterbacks willing to collect on the excited yet unsuspecting new trader. Back when I started […]

Commission Drag; Managing Your Trading Expenses

Commission drag is often an unknown factor for new traders. However it is essential and any professional trader will be able to tell you their figure. So what is commission drag? It’s the cost of trading. Like any business you need to assess all revenue and expenses to determine if you’re on the road to […]

ASX Opening Auction

Ever wonder if a large trade will influence the ASX Opening Auction or share price? This is a common question from new members of The Chartist: Will their trades, or the trades of all Chartist members combined, influence or move the market? In his recent newsletter, Nick Radge answered this specific question from Steve […]

Trading Capital: Think Outcome Before Input

Trading capital: how much money do I need to start trading? We hear that some 95% of traders fail. Whether that’s true or not I don’t know, but it is recognised that the vast majority of new traders fail. The ‘why’ is probably for a number of reasons, including lack of strategy, lack of discipline […]

About the ASX and US Power Setups®

The Power Setups® are The Chartist’s short term trading strategies for the ASX and US stock markets. We have several strategies within the Power Setups® to choose from including the popular Dividend Momentum Strategy. The average hold period for these trades is 3 to 10 days. In this brief video Nick Radge explains how to […]