It was 2003 and I had all my plans in place. I’d bought a trading course from the classifieds section of Investors Chronicle (or was it Shares magazine? I can’t remember). It was called Champion Trader and was my first introduction to the exciting world of trading. It taught me all I needed to…
Funny that most of us get into trading with the goal of doing less not more. And yet no sooner we fund our account and we’re treating it like a slot machine. By trading more not less. This blog would get tonnes more traffic if I simply catered to the masses wishing to day trade….
A common question I’m asked is: when long and a short signal emerges should I place an order for the short side too? Most of the time these questions are about the Harami Inside Bar pattern. But the question is equally applicable to all shorting patterns occurring in rising markets. My answer to the…
Recently a JP Morgan analyst stuck his neck out to make a price projection for bitcoin at $150k. You might think that’s extreme, given bitcoin started at zero only a decade or so back, but it’s actually conservative to other forecasts. Anywhere from 300k, all the way up to …. $1million. I know what…
The predominant thinking with trading psychology is this: get rid of emotions and you’ll succeed. But, this is a primitive approach to a rather complex subject. The idea you can just lose your emotions and fears through suppression is like trying not to think about sex when an attractive opposite walks past. Unless you have…
Here’s a two-part series on why you should be looking at trading bitcoin CFDs. This post sets out some basics of bitcoin. Next post I’ll do a deep dive into why bitcoin has potentially a really bullish future. And why you need to be trading it. I don’t like to discuss specific market dynamics or…
An ever-raging debate with traders new and old is, is trading gambling or not? You probably stand firmly on one side of that debate, most likely in the no camp. But there are a surprising number of traders who believe trading is gambling. Here are two definitions of gambling. play games of chance for money;…
There’s something emotionally comforting about trading pullbacks. After all, it’s human nature to want to buy things up on the cheap. When I first began trading, it was easier for me to buy after declines rather than breakouts to new highs. My first attempts at pullbacks involved indicators. Generic things like placing market orders…
Here’s a quick post on how I use moving averages. In the past, I’ve referenced this method as ‘tagging the average’. Up until now though, I haven’t devoted a full post to it. I like to keep my charting naked. I don’t use price indicators, don’t use support resistance but I do use moving averages….
If you’re desperate to improve your trading because you lose constantly, change systems frequently, or are just too damn scared to pull the trigger, this article is here to help. At Tradeneophytes.com, my goal is to argue for the simplification of trading, and by doing so, a beginner can quicken the learning curve. In…
