Happy 50th birthday to The (Ultimate) Chartist, Nick Radge. Nick and I have lived together for half his lifetime (blimey!) so I think, on this special occasion, I can share a few insights into what it’s like living with a professional trader. He hasn’t always been a successful trader. I would classify our first 10 […]
Read moreA 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 […]
Read moreThe 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 […]
Read moreIt’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 […]
Read moreIn 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 […]
Read moreThere 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. […]
Read moreA lot of traders fail at this game because they are undercapitalized.. It has nothing to do with the strategy. It has nothing to do with trend following, short term trading, swing trading, scalping, mean reversion, whatever. At the end of the day any kind of trading has drag via commission, so you have to […]
Read moreI’ve spent a lot of my research time studying the track records of the great traders. Those track records are freely available and by studying the track records and the performance records of great traders, and varied traders, you come to appreciate what is going to be required in the journey of trading. A lot […]
Read moreA lot of people expect that trading the stock market is easy and they will start and instantly find trading success. They tend to focus on the easy money that’s made out there. You know the stories of people that have made a lot of money, and sometimes that is based on pure luck. That’s […]
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Taken from Joe Ross – Trading is a Business: “Some of the greatest trading stars have been people who have had a bulldog approach to trading. They have withstood the enormous financial strain and pressure of being net losers in the markets until they mastered their chosen profession. Along with staggering financial losses, they have […]
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