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long term trader

Thinking Like a Long Term Trader

Thinking Like a Long Term Trader Managing money was an enlightening experience to say the least. In my brief 4-year foray of doing it for a living I came up against some of the typical emotional responses that people generate when placing their own money on the line in the market place. This article discusses […]

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Affirmations, attractions, actions

Affirmations, Attractions, Actions

Your brain is a very powerful piece of equipment. Yet it can be both your friend and foe when it comes to trading. The goal is to not only make the brain our friend, but also our secret weapon. You want to make brain power part of a daily strategy to improve consistency with your […]

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Build your trading plan

Trade the Plan. Plan the Trade

2018 Market Update 2018 Global Markets are on track for an interesting year. At the end of each year we can look back and identify aspects of our trading that we could have done better. No one is perfect, and no one knows everything. Yet the longer you remain active and motivated in this business, […]

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what is your biggest fear

What is your biggest fear?

What is your biggest fear? When people first approach us it’s often in a state of fear. Like John R from South Australia who said “When I was 45 I realized that I wouldn’t have enough funds for retirement.” Or Joanne S, Brisbane: “When we got out of the Armed Services we had nothing.” Their […]

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THe GFC did lots of damage

The GFC Made People Sick

REPORT CONFIRMS YOUR GUT REACTION You can ignore the health warnings but you do so at your peril. The GFC made people sick. You see, a review of 122 health studies published between January 2009 and July 2015 found “the 2008 financial crisis had negative effects on mental health, including suicide, and to a varying […]

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Benefit of a trading buddy

The Benefits of a trading buddy

Do you have a trading buddy? One 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 […]

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Ask Nick Radge about Trading

How can traders learn from your success?

An Interview with Nick Radge About Nick Radge Nick is a professional trader, educator and author who has been trading and investing since 1985. During this time Nick has worked for numerous international investment banks – from the trading floor of the Sydney Futures Exchange to International Desks in London and Singapore. In 1998 Nick […]

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The Lake Wobegon Effect

The Lake Wobegon Effect

The Lake Wobegon Effect is a cognitive bias and is named after a fictional town called Lake Wobegon. It comes from a radio show in the U.S. called A prairie Home Companion and each show finishes with the words, “All women are strong, all children are smart, and all men are good-looking.” The Lake Wobegon […]

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scott goddard

The Markets Will Chew You Up and Spit You Out

My interests in the financial markets were initially very brief and, interestingly, in 12 year cycles. Starting when I was around 12 years old in the mid 70’s when I use to look up my Dad’s mining stock prices for him once a week – generally penny dreadfuls. I do remember his stories about trading […]

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Drawdown Diagnosis

I came across a great article (link no longer available) the other day written by Brett Steenbarger. I thought it important to share because one of the biggest stumbling blocks for new traders is coping when their account goes into drawdown. Drawdown is inevitable. When you experience a drawdown in your profitability, the most important […]

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