Knowledge Centre

D.I.Y. Brazilian

Something has hit the headlines this week that I would like to chat about before it drops off the radar. In the early 90’s I spent 4 years on the trading floor of the Sydney Futures Exchange – yes, the one with hundreds of overpaid, testosterone overloaded 20-somethings who spent their day screaming and shouting […]

Bringing down The House on the Gold Coast

Many years ago (pre-children) Trish and I took a holiday to the Gold Coast. After setting ourselves up in a nice apartment overlooking the beach for a week of sun and R&R, we decided to make a trip to Jupiters Casino for dinner at one of the mid-tier eateries and enjoy a bit of razzle-dazzle. […]

Like a Casino: Ramping up the Profits

If you are genuinely interested in improving your trading results let’s head back to the casino (metaphorically!). The casino has another little trick up its sleeve that we can learn from. Previously we’ve pointed out that the casino let’s everyone play – the more people who play the more opportunity the casino has to exploit […]

What I Learned Losing A Million Dollars

What I learned…That’s the title of a book I just finished. It’s a true story of Jim Paul who lived the jet-setting life of a commodities trader. But he lost the lot – $1.6m to be exact, in very quick fashion. From just one bad trade. It reminds me of a guy, Paul, whom I […]

A Tale of an Old Man, a Boy and a Donkey.

Have you heard the tale of the old man, the boy and their donkey? An old man, a boy and a donkey were going to town. The boy rode on the donkey and the old man walked. As they plodded along they passed some people who remarked it was a shame the old man was […]

Questioning your hiring and firing policy.

I’ve never been in a position to be hiring or firing a lot of people. I come from a background of small teams, although I always knew there was someone above doing the nasty work. I recently had a discussion with the owner of a small business that wasn’t going too well. He explained to […]

Trading Secrets: The Secret Is Not Here…

Trading secrets. Authors claim to know them but the reality is there are no secrets. Just like there’s no Holy Grail (thus why I wrote Unholy Grails). I’m often asked to list my favourite, most influential trading books. The books with trading secrets. Over the last 35 years I’ve read a LOT of trading books, […]

Who wants to be a Billionaire?

I wanna be a billionaire so *@#&ing bad Buy all the things I never had I wanna be on the cover of Forbes magazine Smiling next to Oprah and the Queen So says Bruno Mars. It wasn’t Forbes but it was the BRW Rich List I was flicking through recently. I do it every year […]

Calming the Mind & the Problem With Fishing

Over the years I have worked hard on calming my mind. Lowering the internal chatter. Moved away from constant stock prices, P&L, systems and other trading ideas that flood it. Now I just read fiction. I rarely read trading books these days. And I used to play a lot of golf. The problem with golf […]

A Recipe for Trading Success – The Slow Chef

A recipe for success or a recipe for marriage disaster? A few years ago I decided to make a concerted effort to do a little more cooking. Well, maybe start doing some cooking is more like it. We’re talking about a bloke who lived at home until he got married. I could handle a barbecue, […]