I’m pretty damn adept these days when it comes recognising bubble tops. But didn’t realise just how attuned I was, until quite recently. For the past six months or so I’ve been working for a friend. Initially, helping him with accounting, but then taking on added roles with marketing and web design (my web skills…
It was in the Buddy Internet shop where my genius first struck. Unbeknownst to me at the time this genius idea would cost a lot in both money and stress levels over the next few years. The idea was innocent enough (albeit rather stupid). It was this: why not buy the FTSE100, before it cleared…
Our personal trading journeys can often feel like mythic adventures, like the one undertaken by Odysseus in Homer’s classic Greek tale. In the Odyssey, it took 10 years for our hero to get back to his homeland of Ithaca. Along the way, he had all sorts of tests of character. My own adventure lasted…
Trading psychology is one of the three core tenets of successful trading. The others being market timing and money management. Hundreds of books have been written on trading psychology, netting small fortunes for their authors. And it’s a fascinating topic, but…… for the absolute beginner, it’s one often avoided until the beginner is already in…
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 know…
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…
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;…
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…
One of the benefits of CFD trading is going ‘short’. Brokers are always touting its benefits. And there’s always an army of fresh new traders short the pants out of one market or other. For beginners at least there seems to be something rather cool about it. The best (and quickest) money I ever made…
How to keep calm whilst trading? How to stop trading fears? If you’re asking these types of questions then you’re asking the wrong ones. You need to be asking, how do I develop great trading habits? Riddle me this: if a professional trader and newbie have the exact same trading plan, why is it the…