Knowledge Centre

How You Can Avoid Making the Same Mistake I did

If I could have you do one thing differently to me, this would be it. I’ve fallen in the trap and I warn people constantly. You MUST stick to your trading strategy. The beginner’s cycle happens to everybody. It’s happened to me. I’ve certainly had strategies, and then doubted them, and gone off on a […]

Best Trading Resources

What is the one trading resource you couldn’t live without? I would say there are 2 trading resources that I couldn’t live without. The first would be the ability to back test our strategies. I am the kind of person that needs to understand what the strategy is and why it works (or doesn’t). I […]

Can I trade with a small account?

What strategies are needed when you have a small account, around $5,000? If you’re going to use correct risk management tools, such as fixed fractional position sizing, or the 1%, or 2% rule, first of all you’re not going to be able to do too many trades. And second of all, your position size is […]

Successful Traders – Trading for the Long Term

What do you think is the no. 1 reason some people are successful traders and others aren’t? I think people don’t understand that success is not a linear journey. Trading is not something that’s going to make you money every day, every week, every month, every year. Nothing is that simple and if it was, […]

What is your trading routine?

What does a typical day in the life of Nick Radge look like? What does your daily trading routine look like? I’m a little bit different to other professional traders. I’m what’s called an end of day trader, which means I download my data at the end of each day. I run my strategies, place […]

Best advice for Traders

What is the best piece of advice you’ve ever received? I think understanding why your strategy makes money. That’s key. If you don’t know why your strategy makes money you’re never going to make it work if things get a little bit difficult. So the more you can understand why your strategy makes money, the […]

Advice to Novice Traders

When it comes to novice traders, where would be one of the key areas you see them slipping up, and what would your advice be to overcome these setbacks? There are probably a few areas where people slip up when it comes to trading. Let me talk about two in particular that don’t get spoken […]

What is a Trading Strategy?

A trading strategy is a set of rules by which you trade the stock market. Your trading strategy defines how you trade. Nick Radge, The Chartist discusses his trading strategies. My core strategy in the Australian share market is a trend following model. It’s a breakout model, which means we buy strength, sell weakness. It […]

How does Your Trading Strategy Make Money?

Do you have to know why your strategy makes money? Is there a point when you’ve got to step back and say this isn’t working? You’ve got to firstly and foremost, before you even start trading, understand why your strategy will make money. Okay, that’s the key right there. If you don’t know why your […]

How to control losses

How do you ensure that it is only a small amount of money you are going to lose? Have you got your stop losses in order before you enter the market? Everything we do is planned in advance, and that planning comes in the format of some kind of a formula, or mathematical equation. So […]