As a trader, there’s an important lesson to learn early on, which is that trading losses are part and parcel of playing the game. They are unavoidable, since no-one can predict the markets all the time and no-one can win on every single trade. In fact, many traders have found success by being right just 30-40% of […]
Trading 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 […]
On the whole, it’s better to avoid trying to pick market tops and bottoms. If you try and pick the tops and bottoms every single day you’re going to get frustrated very quickly and wind up losing a lot of money.
Trading in the financial markets is not an easy thing to do but it is something that I decided I would set out to achieve many years ago when just a young man. Besides, finance is a passion of mine and I like nothing better than fiddling with trading systems and scouring various stock charts. Along with […]