trading systems failTrading systems fail all the time

I’d spent hours, days, weeks, months.

Testing, optimising, fine-tuning.

I’d read books, journals, blogs, studied the market, stared at quote screens and charts till my eyes were red and I could see them repeating in my sleep.

I ate, slept and breathed the markets.

I hated the weekends. Whenever Saturday came all I wanted was for Monday to come round again so that the markets would open.

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the news alain de bottonSpent a couple of nights off grid and picked up Alain De Botton’s latest book The News.

Here’s a little nugget from the inside flap: “The News occupies the same dominant position in modern society as religion once did, but we rarely consider its impact on us.”

And here’s another from inside the book: “In its stoking of our fears, the news cruelly exploits our weak hold on a sense of perspective.”

There’s a bit about financial news too: “To write up the goings-on in businesses only in economic terms, to sum up an entire company as being +1.20 or to compress the experiences of 8,000 people into a turnover of 375,776 seems as limited as reducing a novel of the complexity of Pride and Prejudice to a ledger of the characters’ bank accounts.”

Amazing, I had never questioned the news properly before reading this book.

Here’s this week’s links:

9 Scenarios where the Internet of Things could change our lives.

How I lost a sh*t ton of money.

Trader turns $1600 into $1.7 million in six months.

Banking culture breeds dishonesty.

Money rolls in for the money managers.

See your portfolio as a city skyline.

I’m of the belief that you don’t need to be a beginner to take a beginners course – provided that the course is original and well taught. And in this list of the best stock trading courses I think there’s enough for both beginners as well as those who have been trading for a while.

*** UPDATE 21/Nov/14: Many of these courses are discounted down to just $10 this week for the Udemy Black Friday Sale, check them out to find the bargains ***

best stock trading courses for beginners

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wall street chart

src: IG Index

It’s been a pretty quiet week. Stock markets are at record highs but volume is low and trading ranges are tight. I would not be surprised if we see another dip before the uptrend can resume.

$HP reported this week, the company missed estimates for earnings but beat on revenue. The stock is looking pretty cheap now, I may even write an article about it.

Here’s this week’s links:

How much money does Bill Gross make?

60 tips for stock traders.

Bruce Greenwald investing series Part 1.

US stocks are now the most overbought.

Apple is bigger than Russia, Italy and Singapore combined.

Warren Buffett indicator shows market is overvalued.

This week’s quote:

“Watching the tape all day on TV, your computer, or at your broker`s office is a good sign that you are hooked on trading and may be over leveraged. Leveraged traders need to watch every trade; their money is depending on the prices going their way. You do not want to be that person.”

– Jim Rogers.

More next week. Have a great weekend.

The following day trading strategies are meant for beginners and experts alike but remember that day trading is full of risk and the majority of those who attempt to day trade end up losing money.

One reason for this is that financial markets are dynamic and extremely efficient. Markets are dominated by machines which means they are very hard to beat.

20 day trading strategies for beginners

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