I tweeted earlier and advised that now might be a good time to reduce exposure to riskier assets such as stocks and seek haven elsewhere.

The looming EU referendum that is expected to take place next Thursday 23 June in the UK has already contributed to some steep falls in European shares and the British pound. It now looks like that volatility could spill over into US markets. Read more »

Stock markets finished higher last week with the Dow Jones Industrial Average up just over 100 points and the benchmark indexes climbing around 2% in what was a shortened week thanks to the public holiday. This was one of the best weekly performances since March. Read more »

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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